Sacheerome IPO booked 308.77x so far on third bidding day led by NIIs, retail investors. Check GMP, other key details.

The initial public offering (IPO) of Sacheerome has opened for subscription on Monday, June 9 and will close on Wednesday, June 11. Sacheerome IPO price band has been fixed in the range of ₹96 to ₹102 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,200 equity shares and in multiples of 1,200 equity shares thereafter.

Sacheerome offers a diverse range of fragrances suitable for various products and categories, including personal care, hair care, fine fragrances, deodorants, cosmetics, air care, candles, incense sticks, baby care, home care, fabric care, and men’s grooming and hygiene products. The company also supplies natural identical, natural, and synthetic flavors in both liquid and powder forms for application in beverages, baked goods, confectionery, dairy products, oral care, seasonings, healthcare, and nutraceuticals. Operating in the B2B space, Sacheerome caters to leading FMCG companies in India and globally.

The shares of Sacheerome Limited are set to be allocated on Thursday, June 12, 2025, and will be credited to the demat accounts of allottees on Friday, June 13, 2025. In the Sacheerome IPO, 50% of the net offer is designated for Qualified Institutional Buyers (QIB), 35% for retail investors, and 15% for Non-Institutional Investors (NII).

Retail investors are required to invest a minimum of ₹1,22,400, as the smallest application lot consists of 1200 shares. For High Net-Worth Individuals (HNIs), the minimum bidding requirement is two lots, amounting to 2400 shares, which totals an investment of ₹2,44,800 at the upper price band.

Sacheerome IPO subscription status

Sacheerome IPO subscription status is 308.77 times, on day 3, so far. The retail portion was subscribed 172.09 times, and NII portion was booked 808.21 times. Qualified Institutions Buyers (QIBs) was subscribed 173.15 times.

The company has received bids for 1,24,08,84,000 shares against 40,18,800 shares on offer, at 15:59 IST, according to data on chittorgarh.com

On the first bidding day, Sacheerome IPO subscription status was 7.46 times, and the issue was booked 33.50 times on the second bidding day.

Sacheerome IPO details

Sacheerome IPO consists of a fresh issue of 60,40,800 equity shares, aggregating to ₹61.62 crore. There's no offer for sale (OFS) component.

The funds generated from this initiative will be used to establish a modern infrastructure manufacturing facility that comprises a Manufacturing, Research & Innovation Centre, Quality Centre, Application Centre, Consumer Evaluation Centre, Administration and Perfumery Training Centre, along with several other specialized facilities focused on fragrances and flavours at YEIDA, in addition to General Corporate Purposes.

GYR Capital Advisors Private Limited acts as the book-running lead manager for the Sacheerome IPO, while MUFG Intime India Private Limited (Link Intime) serves as the registrar for this offering. The market maker for the Sacheerome IPO is Giriraj Stock Broking Private Limited.

Sacheerome IPO GMP today

Sacheerome IPO GMP today is +45. This indicates Sacheerome share price is trading at a premium of ₹45 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Sacheerome shares could be ₹147 apiece, which is 44.12% higher than the IPO price of ₹102.

According to the last nine sessions of grey market activity, the IPO GMP is trending upwards today, indicating a solid listing. The minimum GMP is ₹21.00, whereas the maximum GMP is ₹45, as per insights from investorgain.com experts.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.