Sacheerome Limited IPO Oversubscribed Nearly 7x On Opening Day Amid Strong Retail Demand

Mumbai, June 9, 2025: Sacheerome Limited’s initial public offering (IPO), which opened for subscription today, saw a tremendous response from investors, closing Day 1 with an oversubscription of 6.79 times by 5:00 PM.

Robust Demand Across Investor Categories

Priced in the range of ₹96 to ₹102 per share, the IPO attracted total bids for 2,93,47,200 shares, against the total issue size of 43,21,200 shares.

Category-wise subscription details are as follows:

• Qualified Institutional Buyers (QIBs): 47,94,000 shares
• Non-Institutional Investors (NIIs): 46,27,200 shares
• Retail Individual Investors (RIIs): 1,77,58,800 shares

Within the retail investor segment, cut-off price bids made up 1,02,61,200 shares, while price-specific bids accounted for 74,97,600 shares.

Strong Interest at All Price Levels

The bidding activity remained robust across the entire price band. Data reveals that more than 2.92 crore shares were bid at each price point from ₹96 up to ₹102, indicating widespread enthusiasm, particularly among retail and high-net-worth investors.

IPO Details and Timetable

Sacheerome Limited’s IPO consists of a fresh issue of 60.4 lakh equity shares, expected to raise ₹61.62 crore. The proceeds will be directed towards establishing a state-of-the-art manufacturing and research & development facility at YEIDA.

The share allotment is scheduled for June 12, 2025, with dematerialised credit to follow on June 13, 2025.

Caution on Grey Market Premium (GMP)

Reports indicate the Grey Market Premium (GMP) for the issue stands near ₹21. However, investors are advised to treat GMP figures cautiously, as this market operates outside SEBI regulation and does not guarantee listing gains.

Sacheerome Limited’s IPO launch day shows significant investor confidence, driven largely by retail participation and institutional backing, setting a strong tone for the remainder of the subscription period.

REF: https://www.nseindia.com/market-data/issue-information?symbol=SACHEEROME&series=SME&type=Active

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