The sme IPO, valued at 61.62 Crore, was open for subscription from June 9 to June 11.
Sacheerome’s iPo Ended on a Stellar Note, with the issue subscribed an impressive 312.94 times over the three-day fidding window. Investors Placed Bids for 125.76 Crore Shares as Against Just 40.18 Lakh Shares on Offer. The Retail Investor Segment Saw overwhelming Interest with 180.28 Times Subscription, While The Non-Institutional Investor (NII) Category whitenessed a Massesive 808.56 Times Subscription. The portion reserved for Qualified Institutional Buyers (QIBS) was also heavily subscribed at 173.15 times.
About the IPO
Sacheerome iPo was a complete fresh issue Comprising 60.41 Lakh Shares, with no offer-for-with component. The minimum application size was 1,200 shares, implying a minimum investment of 1.22 lakh from retail investors.
The proceeds from the ipo we WRELOCATEDS Establishing a Cutting-Edge Infrastructure Facility at Yeida. The proposed facility compared a manufacturing, research center, as well as a quality center, consumer evaluation center, application center, administering block, and a perfumery training center. In addition to these specialized units focused on fragrances and flavors, a portion of the funds was reserved for general corporate purposes.
Gyr Capital Advisors Pvt Ltd was the Book-Running Lead Manager for the Issue. MUFG INTIME INDIA PVT Ltd, Formerly Known as Link INTIME, was appointed as the registrar for the issue. Giriraj Stock Broking Pvt Ltd Took on the Role of Market Maker for the Public Offering.
About the company
Sacheerome offered a wide array of fragrances tailored for a broad spectrum of products and categories, include personal care, hair care, fin fragrances, deodorants, cosmetics, aer calends, Candles, Incense Sticks, Baby Care, Home Care, Fabric Care, and Men’s Groming and Hygiene Items.
Additional, the company offered natural, natural, natural, and synthetic flavors in liquid and powder formats, Cating to a wide range of applications such as beVarages, baked villages, confectionery, dairy, dairy Products, Oral Care, Seasonings, Healthcare, and Nutraceuticals. Operating with the B2B segment, Sacheerome Served Prominent FMCG Players Across Both Domestic and International Markets.
In FY24, Sacheerome Reported A Significant 21.81 Percent Increase in Revenue, Reaching 86.4 Crore, up from 70.93 Crore in the Previous Financial Year. The company’s Net Profit also Saw Robust Growth, Rising 78.12 Percent Year-On-Year To 10.67 Crore Compared to 5.99 Crore in FY23.
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