Sacheerome IPO Day 2 Update: Subscription 7x, GMP Steady at ₹30 — Should You Apply?
Meta Description: Sacheerome IPO subscription jumps to 7.18x. GMP stable at ₹30. Check IPO details, allotment date, listing info, and whether you should apply.
Focus Keywords: Sacheerome IPO, Sacheerome IPO GMP, Sacheerome IPO Subscription Status, SME IPO 2025, IPO Allotment Date, Sacheerome IPO Review
Sacheerome IPO Day 2: Strong Investor Response, Subscription Surges 7x
Sacheerome IPO, the SME offering by fragrance and flavours manufacturer Sacheerome, has received an overwhelming response from investors. By Day 2, the IPO is 7.18 times subscribed. The Grey Market Premium (GMP) remains stable at ₹30.
Sacheerome IPO Subscription Status (Day 2)
| Date | Total Bids Received | Shares Offered | Subscription Ratio |
|---|---|---|---|
| Day 2 (June 10, 2025) | 3,10,39,200 | 43,21,200 | 7.18x |
Sacheerome IPO GMP Today (June 10, 2025)
In the grey market, Sacheerome IPO shares are trading around ₹132. Compared to the issue price of ₹102/share, this reflects a premium of ₹30 (29.41%).
- GMP Today: ₹30
- Issue Price: ₹102
- Grey Market Price: ₹132
👉 A stable GMP indicates potential listing gains.
Sacheerome IPO Key Details
| Particular | Details |
|---|---|
| IPO Size | ₹61.62 crore |
| Fresh Issue | 6.04 million equity shares |
| Offer for Sale (OFS) | None |
| Price Band | ₹102 per share |
| Lot Size (Retail) | 1,200 shares (₹1,15,200) |
| Lot Size (HNI) | 2,400 shares (₹2,44,800) |
| IPO Open Date | June 9, 2025 |
| IPO Close Date | June 11, 2025 |
| Allotment Date | June 12, 2025 (Expected) |
| Listing Date | June 16, 2025 (Expected) |
| Listing Platform | NSE SME Platform |
| Registrar | MUFG Intime India |
| Book Running Lead Manager | GYR Capital Advisors |
Use of IPO Proceeds
As per the Red Herring Prospectus (RHP), the net proceeds from the IPO will be used as follows:
- ₹56.5 crore for setting up a new manufacturing facility in Gautam Buddha Nagar, Uttar Pradesh.
- Remaining funds for general corporate purposes.
Company Overview: What Does Sacheerome Do?
Founded in 1992, Sacheerome specializes in creating and manufacturing fragrances and flavours. Its products are used across a wide range of industries:
Applications of Fragrances:
- Personal Care & Wash
- Hair Care & Wash
- Fabric Care
- Home Care
- Baby Care
- Fine Fragrance
- Air Care
- Men’s Grooming
- Pet Care
- Hygiene & Wellness
Applications of Flavours:
- Beverages
- Bakery
- Confectionery
- Dairy Products
- Health & Nutrition
- Oral Care
- Shisha
- Meat Products
- Dry Flavours
- Seasonings
The company’s manufacturing facility has an annual production capacity of 7,60,000 Kg.
Should You Apply for Sacheerome IPO?
Positive Factors:
- ✅ Strong subscription demand (7x)
- ✅ Stable GMP (₹30)
- ✅ No OFS — full funds go to the company
- ✅ Presence in a niche segment (fragrances & flavours)
Risks:
- ⚠️ SME IPOs may face liquidity challenges post listing
- ⚠️ Market volatility could affect listing performance
Final Verdict:
If you have a risk appetite for high-risk, high-return investments and are targeting potential listing gains, this IPO could be considered.
Important Dates Reminder
| Event | Date |
|---|---|
| IPO Closing Date | June 11, 2025 |
| Allotment Date | June 12, 2025 |
| Listing Date | June 16, 2025 |
Disclaimer: The above analysis is for educational purposes only. Please consult your financial advisor before making any investment decision.