The Sacheerome Ltd. initial public offering (IPO) is closing today, June 11, 2025, and the results are nothing short of spectacular! This Rs 61.62 crore offering from the fragrance and flavor company has seen overwhelming demand.
As of 10:20 am today, the IPO is 51.29 times oversubscribed! This translates to bids for a staggering 20,61,22,800 shares against the 40,18,800 shares on offer. The excitement is palpable, with strong participation across investor categories:
This follows impressive subscription rates on the first two days: 7.46 times on Monday and 33.50 times on Tuesday.
The grey market is buzzing with excitement! Unlisted Sacheerome shares are currently trading at Rs 143, reflecting a hefty 40.20% premium (GMP) over the IPO price of Rs 102. This suggests significant potential listing gains when the shares begin trading on the NSE's SME platform on June 16, 2025.
Important Note: The GMP is purely speculative and subject to market fluctuations.
Founded in June 1992, Sacheerome designs and manufactures fragrances and flavors for B2B FMCG clients worldwide. Their offerings cater to a diverse range of sectors, including:
Key Players:
