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Sacheerome IPO
Sacheerome Ltd
₹1,15,200 /1200 sharesMinimum Investment
Sacheerome IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹102.00 | ₹153.00 | ₹51.00 (50.00%) |
Sacheerome IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 9 Jun ‘25 - 11 Jun ‘25 | ₹1,15,200 | 1,200 | ₹96 - ₹102 |
| Issue Size | IPO Doc |
|---|---|
| 61.62Cr | RHP PDF |
Subscription rate
As of 11 Jun'25, 04:00 PM
| Qualified Institutional Buyers | 98.50x |
| Non-Institutional Investor | 471.09x |
| Retail Individual Investor | 137.60x |
| Total | 184.08x |
About Sacheerome
Founded in
1992
Managing director
Mr Manoj Arora
Parent organisation
Sacheerome Ltd
Strengths & Financials of Sacheerome
Strengths
Risks
Sacheerome claims to have a highly experienced in-house team comprising trained perfumers, flavourists, and formulation technologists.
The company claims to operate an advanced application and evaluation facility, which includes odour-controlled evaluation chambers and in-house labs for end-product testing. The company further claims the setup is designed for rigorous analysis, including shelf life, stability, and rapid ageing, and is supported by experienced evaluators and on-call experts.
Sacheerome claims to be equipped with modern analytical equipment and gadgets, including gas chromatography (GC), gas chromatography-mass spectrometry (GC-MS), and headspace gas chromatography-mass spectrometry (HS-GCMS).
The company adheres to global standards, including those set by the International Fragrance Association (IFRA), the Food Safety and Standards Authority of India (FSSAI), and the European Commission (EC) norms. The company is also ISO 9001:2015 certified for quality management systems.
The company claims to have a global marketing insights team that is engaged in developing new ways to experience and understand future-forward fragrances and flavours.
The company claims its manufacturing facility, located at Okhla Industrial Area, New Delhi, is equipped with robotic production technology imported from Europe.
The company claims to have built a robust sourcing network that enables the timely procurement of high-quality raw materials from Indian importers and manufacturers.
Sacheerome claims to be actively developing innovative fragrance delivery technologies to enhance consumer experiences. Its proprietary technologies under development include Sach/Maxicaps, Sach/Veda, Sach/Odocon, and Sach/Booster.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 63.88 crore in FY22 to Rs 70.49 crore in FY23 and Rs 85.09 crore in FY24. PAT increased from Rs 4.55 crore in FY22 to Rs 5.99 crore in FY23 and Rs 10.61 crore in FY24.
The top five customers accounted for 50.07 percent, 45.08 percent, 45.90 percent, and 42.48 percent of the company’s total revenue in the period ended September 30, 2024, FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from any one of these key clients can adversely affect the company’s business and financial standing.
The company reported negative cash flow from investing activities amounting to Rs 13.55 crore in the period ended September 30, 2024, Rs 10.38 crore in FY24, Rs 2.04 crore in FY23, and Rs 3.69 crore in FY22. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company is involved in certain legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Sacheerome has previously experienced delays in filing certain statutory forms required under the Companies Act, 2013. Any future non-compliances could have a material impact on its financial position, reputation, and operations.
As of September 30, 2024, the company had outstanding financial indebtedness amounting to Rs 1.68 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Sacheerome Financials
*All values are in Rs. Cr
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Application Details of Sacheerome IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹96 - 102 | ₹2 - 5 Lakh |
| High Networth Individual | ₹96 - 102 | ₹2 - 5 Lakh |
For Sacheerome IPO, eligible investors can apply as Regular.