Sacheerome Limited ₹61.62-Crore IPO to Open on June 9: Check Price Band, Timelines, GMP and More

Sacheerome Limited, a fragrance and flavour manufacturer, is set to launch its initial public offering (IPO) on June 9, 2025. The SME IPO, listed on the NSE SME platform, aims to raise approximately ₹61.62 crore through a fresh issue of equity shares. The price band for the offering is fixed between ₹96 and ₹102 per share, with a minimum lot size of 1,200 shares. 

IPO Timeline and Allocation

Sacheerome IPO will open for subscription on June 9 and close on June 11. The basis of allotment is expected to be finalised on June 12, with refunds processed on June 13. Shares are anticipated to be credited to demat accounts on June 13, and the listing is scheduled for June 16, 2025.

The issue comprises a fresh issuance of equity shares, with no offer for sale component. The proceeds are intended to fund the establishment of a new manufacturing facility, enhancing Sacheerome's production capabilities.

GYR Capital Advisors Private Limited is the book-running lead manager of the Sacheerome IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Giriraj Stock Broking Private Limited is the market maker for the Sacheerome IPO.

Grey Market Premium 

As of June 4, the grey market premium (GMP) for Sacheerome Limited stands at ₹22 per share, suggesting an expected listing gain of approximately 22% over the upper end of the price band. The 'subject to sauda' rate is reported at ₹20,000, reflecting robust demand in the unofficial market. 

Note: The Grey Market Premium (GMP) is not an official price and is based on Market Speculation.

Source: LiveMint Report Dated June 04, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Company Overview

Established in 1992, Sacheerome Limited specialises in the design and manufacture of fragrances and flavours. The company adheres to international standards, including those set by the International Fragrance Association (IFRA), the European Commission (EU), the Food Safety and Standards Authority of India (FSSAI), and the Flavour Extract Manufacturers Association (FEMA). Sacheerome is also a member of Chemexcil and the Fragrances & Flavours Association of India (FAFAI).

Investor Considerations

With a price band of ₹96-102 and a minimum application size of 1,200 shares, retail investors will need to invest a minimum of ₹1,15,200. The IPO's positive grey market indicators suggest favourable investor sentiment; however, potential investors should assess the company's fundamentals and growth prospects before participating.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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