Sacheerome IPO Opens June 9: Price Band Set at ₹96–₹102—What You Need to Know
By Ankur Chandra | Updated at: Jun 6, 2025 10:18 AM IST
Mumbai, June 5, 2025: Sacheerome Limited is preparing to launch its Initial Public Offering (IPO) on Monday, June 9, with the issue open for subscription until Wednesday, June 11. The price band for the IPO has been set between ₹96 and ₹102 per equity share. Investors must apply for a minimum of 1,200 shares to participate.
Key Information About the Sacheerome IPO
This IPO is a fresh issue comprising 60,40,800 equity shares, with a total issue size of approximately ₹61.62 crore. There is no offer-for-sale (OFS) component in this public offering.
The funds raised will be utilised to establish a modern manufacturing facility at YEIDA. The proposed facility will house a Manufacturing, Research & Innovation Centre, along with a Quality Centre, Consumer Evaluation Centre, and a Perfumery Training Centre.
The basis of share allotment is expected to be finalised on June 12, while the credit of shares to demat accounts is scheduled for June 13, 2025.
Objectives of the Proceeds
- For setting up a new manufacturing facility at Yeida, Gautam Buddha Nagar, UP
- Meet general corporate expenses
Investor Allocation and Lot Sizes
The IPO follows a standard reservation structure:
- 50% of the net offer is allocated to Qualified Institutional Buyers (QIBs)
- 35% is earmarked for Retail Individual Investors
- 15% is set aside for Non-Institutional Investors (NIIs)
Retail investors must apply for at least 1,200 shares, resulting in a minimum investment of ₹1,22,400 at the upper band of ₹102. For High Net-Worth Individuals (HNIs), the base application size is 2 lots (i.e., 2,400 shares), translating to an investment of ₹2,44,800.
Key Entities Involved in the IPO
- Book-Running Lead Manager: GYR Capital Advisors Pvt Ltd
- Registrar: MUFG Intime India Pvt Ltd
- Market Maker: Giriraj Stock Broking Pvt Ltd
Grey Market Premium (GMP) – Caution Advised
The Sacheerome IPO is reportedly witnessing a Grey Market Premium (GMP) of around ₹21. However, investors are advised that GMP is not recognised or regulated by SEBI. It is an informal indicator and should not be solely relied upon when making investment decisions.
Company Overview: Sacheerome Limited
Sacheerome is engaged in the B2B fragrance and flavour industry, offering a wide variety of aromatic and flavour products. Its offerings cater to sectors such as personal care, hair care, deodorants, candles, and incense sticks.
Additionally, the company produces synthetic and natural flavours for products in the beverage, confectionery, dairy, oral care, and healthcare segments. Sacheerome serves a strong client base, including leading FMCG companies both in India and international markets.
Key Financials (in ₹ lakhs)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 20223 |
| Assets | 8467.24 | 6351.60 | 4922.21 |
| Revenue | 10,753.59 | 8509.53 | 7049.19 |
| Profit After Tax | 1598.20 | 1067.30 | 599.41 |
| Reserves and Surplus | 4565.39 | 2967.19 | 3124.79 |
| Total Borrowings | 346.52 | 142.50 | – |
Peer Group Comparison
| Name of the Company | Total Income (₹ lakhs) | EPS (₹) | Face Value (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Sacheerome Limited | 10813.41 | 9.79 | 10 | TBD | 25.78% | 37.95 |
| Peer Groups | ||||||
| S H Kelkar Limited | 204250.00 | 5.4 | 10 | 43.91 | 5.75% | 91.89 |
Indian Fragrance & Flavour Market on a Growth Path
The Indian flavours and fragrances market generated a revenue of USD 2,179.2 million in 2022 and is projected to reach USD 3,962.9 million by 2030. This growth reflects a compound annual growth rate (CAGR) of 7.8% during the forecast period from 2023 to 2030, driven by rising demand across industries such as food and beverages, personal care, and home care.
Key Growth Drivers
- Rising Disposable Income: Consumers are spending more on premium, scent-enhanced products.
- Natural Product Demand: Preferences are shifting towards natural and organic ingredients.
- Strong Industry Demand: FMCG, food & beverage, and personal care sectors are major buyers.
- E-commerce Growth: Online platforms are fuelling product access and visibility.
Natural Segment & B2B Role
Natural flavours and fragrances are gaining traction as clean-label preferences rise. The B2B channel is vital due to high-volume needs from manufacturers using scents and flavours in end products.
Future Outlook
Sacheerome Limited is well-positioned to benefit significantly. As a B2B supplier specialising in both synthetic and natural fragrances and flavours, the company caters to industries experiencing high demand growth. The funds raised through its IPO will be used to establish a modern manufacturing facility, complete with R&D, quality control, and consumer evaluation centres.
This strategic investment will enable Sacheerome to expand its production capacity, innovate faster, and meet the evolving needs of domestic and international clients. Additionally, the company’s focus on natural and organic offerings aligns perfectly with emerging consumer trends, strengthening its competitive edge in a rapidly expanding market.
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