Sacheerome share price: Stock lists at 50% premium on NSE SME, here's how much investors made per lot

The stock listed at ₹153 per share, reflecting a premium of 50% or ₹51 over the issue price of ₹102 apiece.

Sacheerome share price: Here's how much investors made per lot

The ₹61.62 crore initial share sale was only a fresh issue of 60.41 lakh shares without an offer for sale component. The price band was ₹96 to ₹102.

The capital raised will be utilised to set up a manufacturing unit in Uttar Pradesh and serve general corporate purposes.

The initial share sale was subscribed to 312.94 times. Non-institutional investors led the bidding as they subscribed their part at 808.56 times, followed by retail individual investors at 180.28 times, and qualified institutional buyers at 173.15 times.

Sacheerome Ltd is a maker of flavours and fragrances. It mainly operates in the business-to-business (B2B) segment in the non-food and food FMCG categories.

Its products follow global standards such as the Food Safety and Standards Authority of India, the International Fragrance Association, the Flavour Extract Manufacturers Association, and the European Commission (EU).

The company's fragrances are used in industries like personal care and washing, body care, hair care, home care, grooming, fabric care, and other industries. Its flavours are utilised in bakery, beverages, dairy products, oral care, meat products, confectionery, seasonings and others.

Its revenue from operations advanced 25.15% year-on-year (YoY) to ₹108.13 crore in the financial year 2024-25. Profit after tax jumped 49.76% YoY to ₹15.98 crore.

The book-running lead manager was GYR Capital Advisors Pvt Ltd, while the registrar was MUFG Intime India Pvt Ltd. The market maker was Giriraj Stock Broking Pvt Ltd.