The initial public offer (IPO) of Sacheerome received bids for 1,25,79,60,000 shares as against 43,21,200 shares on offer. The issue was subscribed 291.11 times.
Qualified Institutional Buyers (QIBs) bid for 19,86,38,400 shares, Non-Institutional Investors (NIIs) for 69,69,57,600 shares, while Retail Individual Investors (RIIs) placed bids for 36,23,64,000 shares.
The issue opened for bidding on 9 June 2025 and it closed on 11 June 2025. The price band of the IPO was set at Rs 96-102 per share. The equity shares will list on NSE's SME platform.
The IPO comprised fresh issue of 60,40,800 shares. The company intends to utilize the net proceeds for setting up a new manufacturing facility at Yeida, Gautam Buddha Nagar, Uttar Pradesh and general corporate purpose.
Ahead of the IPO, Sacheerome on 6 June 2025, raised Rs 17.53 crore from anchor investors. The board allotted 17,19,600 shares at Rs 102 per share to 8 anchor investors.
Sacheerome is engaged in business of creation & manufacturing of Fragrance and Flavours. Its fragrances portfolio serves segment as personal care & wash, body care, hair care & wash, fabric care, home care, baby care, fine fragrance, air care, pet care, men’s grooming, hygiene & wellness and various other industries. The company’s flavours offerings are used by in beverage, bakery, confectionery, dairy products, health & nutrition, oral care, shisha, meat products, dry flavours, seasonings and others. As of 31st March 2025, the company had total 158 employees.
The company recorded revenue from operations of Rs 10.75 crore and net profit of Rs 15.98 crore for the period ended 31 March 2025.