Sacheerome Shares Skyrocket 50% on Listing Day; IPO Debuts at Rs.153, Beats GMP Predictions

Sacheerome IPO made a record-breaking debut in the stock market today. The stock listed on the NSE SME platform at Rs. 153 per share on Monday, June 16, with a massive 50% premium over its issue price of Rs. Rs.102. The Sacheerome share price far exceeded grey market premium (GMP) expectations due to strong demand for the investors.

Sacheerome IPO Listing Breaks Records

The Rs 61.62-crore Sacheerome IPO opened for subscription between June 9 and June 11 and saw an overwhelming response from all investor categories. The IPO was subscribed to 312.94 times, receiving bids for an astonishing 125.76 crore shares against the 40.18 lakh shares on offer.

Retail investors showed massive enthusiasm, subscribing 180.28 times.

The non-institutional investors (NIIs) category received bids 808.56 times the reserved portion.

Qualified Institutional Buyers (QIBs) also participated strongly, subscribing 173.15 times.

Sacheerome Share Allotment and Listing Date

The Sacheerome IPO allotment was finalised on June 12, and investors can check their allotment status on the NSE website. Saccharome shares were officially listed on June 16 on the NSE SME. The company, a leading manufacturer of fragrances and flavours, has now entered the public market in style.

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Sacheerome IPO GMP and Market Sentiment

Before listing, the Sacheerome IPO GMP (grey market premium) hinted at a healthy premium of Rs. 24. And the listing price was expected at Rs. 126 per share. However, the stock's 50% jump on listing day surpassed those projections.

Company Profile: About Sacheerome

Sacheerome is known for its wide portfolio of fragrance and flavour solutions, catering to a variety of industries, including personal care, food & beverages, home care, and more. The funds raised through the IPO will be used for working capital needs, brand building, and expansion plans. Sacheerome Limited in the fourth quarter of FY 25 delivered a strong financial performance. The company's revenue surged to ₹108.13 crore, marking a 25% year-on-year growth, while its profit after tax jumped by 50% to reach Rs.15.98 crore. This significant improvement reflects operational efficiency and growing market demand for its fragrance and flavour products. The company's net worth stood at Rs 61.99 crore, supported by healthy reserves and a surplus of Rs 45.65 crore, while keeping total borrowings low at Rs 3.47 crore. With total assets of Rs. 84.67 crore, Sacheerome is showing strong fundamentals and financial stability in the run-up to its market debut.

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