Sacheerome IPO Sizzles As Final Day Subscriptions Cross 60×
The SME IPO of fragrance and flavour specialist Sacheerome Limited drew exceptional investor enthusiasm on its last subscription day:
- The issue was oversubscribed over 60×, up sharply from around 52× yesterday.
- Grey Market Premium (GMP) surged to ₹41, signalling a potential listing price of around ₹143—a substantial 40% premium over the ₹102 cap price.
IPO Structure & Fund Utilisation
- The IPO is a fresh issue of ₹61.62 crore, comprising approximately 60.41 lakh new equity shares.
- About ₹56.5 crore will go towards setting up a new manufacturing facility in Gautam Buddha Nagar, Uttar Pradesh.
- The remaining amount will be used for general corporate purposes.
Key IPO Timelines
| Event | Date |
|---|---|
| Subscription Period | June 9–11, 2025 |
| Allotment Finalisation | June 12, 2025 |
| Refund & Demat Credit | June 13, 2025 |
| Tentative Listing | June 16, 2025 (NSE SME) |
Investor Takeaway
- High participation across all investor categories signals strong market confidence.
- GMP indicates a ~40% upside, with potential listing at ₹143.
- Strong growth potential supported by new plant investment and steady revenue base.
Sacheerome’s SME IPO has wrapped up with massive demand, strong grey market sentiment, and expansion-driven capital plans — a noteworthy IPO to watch as listing nears.