Sacheerome Limited is a group of innovators, creative thinkers, and collaborators designing fragrances and flavours that evoke senses and stir feelings. Weidling the power to make our time travel, their creations transport us into nostalgic memories and future dreams.
Sacheerome, an Book Built Issue Issue amounting to ₹ 61.61 Crores, consisting entirely an fresh issue of 60.40 Lakh Shares.The subscription period for the Sacheerome IPO opens on June 09, 2025, and closes on June 11, 2025. The allotment is expected to be finalized on or about Thursday, June 12, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, June 16, 2025.
The Share Price Band of Sacheerome IPO is set at ₹ 96 to ₹ 102 per equity share. The Market Capitalisation of the Sacheerome Limited at IPO price of ₹ 102 per equity share will be ₹ 228.20 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹ 1,22,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹ 2,44,800.
GYR CAPITAL ADVISORS PRIVATE LIMITED is the book running lead manager of the Sacheerome IPO, whileLINK INTIME INDIA PRIVATE LIMITEDis the registrar for the issue. Giriraj Stock Broking Private Limited is the Market Maker for Sacheerome IPO.
Sacheerome LimitedIPO GMP Today
The Grey Market Premium of Sacheerome Limited IPO is expected to be ₹ 25 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only
Sacheerome LimitedIPO Live Subscription Status Today: Real-Time Update As of 07:30 PM on 11 June, 2025, the Sacheerome Limited IPO live subscription status shows that the IPO subscribed 291.11 times on Final Day of subscription period. Check the Sacheerome IPO Live Subscription Status Today at NSE.
Sacheerome IPO Anchor Investors Report
Sacheerome has raised ₹ 17.53 Crores from Anchor Investors at a price of ₹ 102 per shares in consultation of the Book Running Lead Managers. The company allocated 17,19,600 equity shares to the Anchor Investors. Check Full List of Sacheerome Anchor Investor List.
Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion. Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.
Sacheerome LimitedDay Wise IPO GMP Trend
Date
IPO Price
Expected Listing Price
GMP
Last Updated
11 June 2025
₹ 102
₹ 127
₹ 25 (24.50%)
12:00 PM; 11 June 2025
Sacheerome Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online Sacheerome IPO allotment date is 12 June, 2025, Thursday. Sacheerome IPO Allotment will be out on 12th June, 2025 and will be live on Registrar Website from the allotment date. Check Sacheerome IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select SacheeromeLimited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Sacheerome LimitedIPO
Sacheerome proposes to utilise the Net Proceeds towards the following objects: 1. ₹ 5,65,000 Thousand is required for Setting up a new manufacturing facility at 1459b, Sector-32, Yeida, Gautam Buddha Nagar, UP-203209 2. General Corporate Purpose
60,40,800 Equity Shares (aggregating to ₹ 61.61 Cr)
Fresh Issue
60,40,800 Equity Shares (aggregating to ₹ 61.61 Cr)
Offer for Sale
NIL
Issue Type
Book Built Issue
Listing At
NSE SME
Share holding pre issue
1,63,32,000
Share holding post issue
22,372,800
Sacheerome IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
1,200
₹1,22,400
Retail (Max)
1
1,200
₹1,22,400
S-HNI (Min)
2
2,400
₹2,44,800
S-HNI (Max)
8
9,600
₹9,79,200
B-HNI (Min)
9
10,800
₹11,01,600
Sacheerome IPO Timeline (Tentative Schedule)
IPO Open Date
Monday, June 09, 2025
IPO Close Date
Wednesday, June 11, 2025
Basis of Allotment
Thursday, June 12, 2025
Initiation of Refunds
Thursday, June 12, 2025
Credit of Shares to Demat
Friday, June 13, 2025
Listing Date
Monday, June 16, 2025
Cut-off time for UPI mandate confirmation
5 PM on June 11, 2025
Sacheerome IPO Reservation
Investor Category
Shares Offered
Reservation %
QIB Portion
11,47,200
Not More than 50% of the Issue
Non-Institutional Investor Portion
8,61,600
Not Less than 15% of the Issue
Retail Shares Offered
20,10,000
Not Less than 35% of the Issue
Market Maker Portion
3,02,400
5.01% of the Issue
Achor Investor Portion
17,19,600
Allotted from QIB Portion
Sacheerome IPO Promoter Holding
Share Holding Pre Issue
98.00 %
Share Holding Post Issue
71.54 %
Sacheerome IPO Subscription Status
Investor Category
Shares Offered
Shares Bid For
No oF Times Subscribed
Qualified Institutional Buyers (QIB)
11,47,200
19,86,38,400
173.15
Non Institutional Investors(NIIS)
11,64,000
69,69,57,600
598.76
Retail Individual Investors (RIIs)
20,10,000
36,23,64,000
180.28
Total
43,21,200
1,25,79,60,000
291.11
About Sacheerome Limited
Business Overview
Sacheerome is engaged in the creation and manufacturing of Fragrances and Flavours, serving the B2B segment in both food and non-food FMCG categories across India and international markets. Fragrances and flavours are key drivers of consumer preferences and brand loyalty, enhancing the sensory and olfactory experience of FMCG products.
The company's Fragrances are used in a wide range of industries, including Personal Care & Wash, Body Care, Hair Care & Wash, Fabric Care, Home Care, Baby Care, Fine Fragrance, Air Care, Pet Care, Men’s Grooming, and Hygiene & Wellness. The Flavours cater to Beverages, Bakery, Confectionery, Dairy, Health & Nutrition, Oral Care, Shisha, Meat Products, Dry Flavours, and Seasonings.
A dedicated consumer insight and market research team enables delivery of tailored solutions aligned with market trends and client needs. Continuous research and innovation drive product development.
All products comply with global standards, including IFRA, EU regulations, FSSAI, and FEMA, and the company holds ISO 9001:2015 certification. Sacheerome is also a member of Chemexcil and the Fragrances & Flavours Association of India (FAFAI). As on the date of 31st March, 2025 the company have 158 employees on roll. The Bankers to the company are Kotak Mahindra Bank Limited and HDFC Bank Limited.
Industry Analysis
Indian Fragrances Market
The Indian fragrance market is projected to grow at a CAGR of 14.50% between 2024 and 2032, fueled by rising disposable incomes, greater emphasis on personal grooming, and the widespread adoption of global beauty trends via social media. India’s longstanding olfactory traditions, including the use of incense, aromatherapy, and ittar, continue to influence modern preferences.
The demand for natural and organic fragrances is on the rise as consumers seek healthier alternatives to synthetic products. Other key growth drivers include e-commerce expansion, celebrity endorsements, and Western fashion influences. Fragrances have become an everyday grooming essential, especially among millennials, who form a large part of India’s consumer demographic.
Indian Flavours Market: Key Drivers & Emerging Trends
India’s flavours market is witnessing strong growth, largely driven by the booming food processing industry and rising demand for packaged and ready-to-eat foods. According to IMARC Group, the market was valued at INR 4,287 crore in 2023 and is expected to reach INR 8,100 crore by 2032, expanding at a CAGR of 7.1%.
Key contributing factors include the growing use of flavouring agents in bakery products, confectionery, beverages, smoothies, and energy drinks. Rapid urbanization and increasing popularity of Western diets are further propelling demand. The rise of processed and shelf-stable foods—like noodles, soups, cake mixes, and ready-to-drink beverages—is particularly significant among millennial consumers.
Additionally, regulations by FSSAI mandating higher quality standards are reinforcing market confidence. A notable shift towards natural flavouring agents is underway, driven by heightened health consciousness. According to Grand View Research, India’s natural flavours segment is expected to grow at a CAGR of 8.2% from 2023 to 2030.
The growth of quick-service restaurants (QSRs) and café culture is also spurring demand for diverse and innovative flavour profiles. Government-led initiatives like CSIR-CIMAP’s Aroma Mission, Aroma Park in Uttarakhand, and the Purple Revolution in Jammu & Kashmir are boosting the cultivation of aromatic ingredients, generating rural employment and promoting sustainable industry practices.
Conclusion
India's flavours and fragrances industry is poised for sustained growth, driven by consumer demand for natural, premium, and sustainable products. Shifting lifestyle habits, digital influence, and proactive government support present significant opportunities for businesses to innovate and meet the evolving tastes of modern Indian consumers.
Business Strengths
1. Strong Research & Development Capability
A highly experienced in-house team of trained perfumers and flavourists, backed by Fragrance & Flavour design experts, marketing intelligence, and quality assurance, ensures the creation of distinctive olfactory and flavour profiles aligned with client requirements.
2. Application & Evaluation Facility
Includes expert fragrance design managers, formulation technologists, and on-call specialists. Facilities include an in-house application lab, odour-controlled evaluation chambers, and advanced equipment for shelf-life, stability, and rapid age testing.
3. Experienced Promoters and Management
Led by a seasoned leadership team:
Mr. Manoj Arora – 40 years of experience
Mrs. Alka Arora – 26+ years
Mr. Dhruv Arora – 14 years
Ms. Indu Agrawal – 26 years
4. Advanced Quality Control and Regulatory Compliance
Equipped with state-of-the-art instruments including GC, GCMS, HS-GCMS, and other precision tools. Adheres to global standards including IFRA, FEMA, EU, ISO 9001:2015, ensuring comprehensive testing from raw materials to final dispatch.
5. Efficient Sales and Marketing
A globally focused marketing team drives brand visibility through:
Consumer engagement workshops
Content and email marketing
Social media campaigns
Participation in domestic and international exhibitions
6. State-of-the-Art Manufacturing Facility
Located in Okhla Industrial Area, New Delhi, the plant uses robotic production technology imported from Europe. Capable of handling batch sizes from 10 gm to 10 MT, with SS316 temperature-controlled storage and nitrogen-filled vessels for ingredient integrity.
7. Robust Global Raw Material Sourcing
Strong procurement network ensures high-quality ingredients at competitive rates, enabling an efficient supply chain and timely deliveries. Major raw materials in FY 2023–24 were sourced from Indian importers and manufacturers.
8. Focus on New Technologies
Ongoing innovation in fragrance delivery systems, including proprietary technologies like Sach/Maxicaps, Sach/Veda, Sach/Odocon, and Sach/Booster, ensures a differentiated and enhanced consumer experience.
Business Strategies
1. Manufacturing Capacity Expansion
A capital investment of up to ₹13,79,213.59 thousand is allocated for expanding production capabilities. This is being funded through issue proceeds, internal accruals, and bank borrowings to support future growth and efficiency.
2. Strengthening Innovation Platform
Innovation remains central to Sacheerome’s strategy, with enhanced collaboration between R&D and Sales & Marketing teams to develop cutting-edge products. The goal is to continuously expand the product portfolio and maintain a competitive edge in the FMCG sector.
3. Expansion of R&D for Middle East Markets
A focused initiative involves expanding research and sales operations to cater to the Gulf Cooperation Council (GCC) region, supported by a highly experienced R&D team and dedicated sales professionals.
Business Risk Factors and Concerns
1. Regulatory Compliance Costs
Increasingly stringent global regulations in food, cosmetic ingredients, and FMCG sectors may lead to higher compliance costs, potentially impacting profitability and operations.
2. Geographical Concentration Risk
A significant concentration of sales in Uttar Pradesh makes the business vulnerable to regional disruptions—including economic, political, environmental, or competitive changes—which could adversely affect operations and cash flows.
3. Talent Dependency
Operations rely on a limited pool of specialized talent such as perfumers and flavourists. The departure of key employees could pose challenges; however, collaborative workflows and succession planning help mitigate knowledge loss and maintain continuity.
4. Customer Concentration Risk
A large portion of revenue is dependent on a few key customers—with the top five contributing 49.26% (FY25), 45.08% (FY24), and 45.90% (FY23). The absence of firm commitments increases the risk of order reduction, cancellation, or loss of customers, potentially affecting revenues, operations, and financial stability.
Sacheerome faces potential challenges due to stringent regulatory changes, regional revenue concentration, dependence on niche talent, and heavy reliance on key customers. These factors, if not proactively managed, could adversely impact the company's financial health and operational stability.
Sacheerome Limited Financial Information (Restated Consolidated)
Amount in (₹ in Thousand)
Period Ended
Mar 31, 2025
Mar 31, 2024
Mar 31, 2023
Mar 31, 2022
Reserve of Surplus
6,19,859
4,60,039
3,53,309
2,93,412
Total Assets
8,46,724
6,35,160
4,92,221
4,90,843
Total Borrowings
34,652
14,250
0.00
82,647
Fixed Assets
2,09,755
2,06,284
1,94,834
68,960
Cash
19,160
18,753
1,091
420
Net Borrowing
15,492
-4,503
-1,091
82,227
Revenue
10,81,341
8,63,978
7,09,281
6,43,626
EBITDA
2,34,626
1,64,537
1,03,640
89,685
PAT
1,59,820
1,06,730
59,941
45,497
EPS
9.79
6.54
3.67
2.79
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP. Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP. Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP. Note 4:- Price to Book Value calculation in KPI is based on 31st March, 2025 Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
KPI
Values
EPS Pre IPO (Rs.)
₹ 9.79
EPS Post IPO (Rs.)
₹ 7.14
P/E Pre IPO
10.41
P/E Post IPO
14.28
ROE
25.78 %
ROCE
33.00 %
P/BV
2.69
Debt/Equity
0.06
RoNW
25.78 %
Sacheerome Limited IPO Peer Comparison
Company Name
EPS
ROCE
ROE
P/E (x)
P/Bv
Debt/Equity
RoNW (%)
Sacheerome Limited
₹ 7.14
33.00 %
25.78 %
14.28
2.69
0.06
25.78 %
S H Kelkar Limited
₹ 5.29
11.3 %
8.66 %
31.2
2.65
0.65
8.66 %
Sacheerome Limited Contact Details
SACHEEROME LIMITED
Y-4 Okhla Industrial Areaph-II, New Delhi, Delhi, India, 110020 Contact Person : Ms. Harpreet Kaur Telephone : +011-47311111 Email : compliance@sacheerome.com Website : https://www.sacheerome.com/home
Sacheerome IPO Registrar and Lead Manager(s)
Registrar : LINK INTIME INDIA PRIVATE LIMITED Contact Person : Shanti Gopalkrishnan Telephone : +91 8108114949 Email : sacheerome.ipo@linkintime.co.in Website : https://in.mpms.mufg.com/
Lead Manager : GYR CAPITAL ADVISORS PRIVATE LIMITED Contact Person : Mr. Mohit Baid Telephone : +91 87775 64648 Email : info@gyrcapitaladvisors.com Website : https://gyrcapitaladvisors.com/
Sacheerome IPO Review
Sacheerome Limited is a group of innovators, creative thinkers, and collaborators designing fragrances and flavours that evoke senses and stir feelings. Weidling the power to make our time travel, their creations transport us into nostalgic memories and future dreams.
The company's trajectory has been moulded by the unwavering devotion of the Promoters, Mr. Manoj Arora and Mrs.Alka Arora. Mr. Manoj Arora is the driving force behind Sacheerome, leading the whole management and R&D team, making substantial contributions to the company's growth and exemplifying innovative thinking. With 40 years of expertise, he heads R&D and QC, oversees research & development of fragrances & flavours, general management, day to day affairs and strategic decision making.
The Revenues from operations for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 10,81,341 Thousand, ₹ 8,63,978 Thousand, ₹ 7,09,281 Thousand and ₹ 6,43,626 Thousand respectively. The EBITDA for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 2,34,626 Thousand, ₹ 1,64,537 Thousand, ₹ 1,03,640 Thousand, and ₹ 89,685 Thousand, respectively. The Profit after Tax for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 1,59,820 Thousand, ₹ 1,06,730 Thousand, ₹ 59,941 Thousand, and ₹ 45,497 Thousand respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹9.79 and post-issue EPS of ₹ 7.14 for FY24.The pre-issue P/E ratio is 10.41x, while the post-issue P/E ratio is 14.28x. The company's ROCE for FY24 is 33.00%, ROE for FY24 is 25.78% and RoNW is 25.78%. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of Sacheerome showing listing gains of 24.50 %. Given the company's financial performance and the valuation of the IPO, we recommend RiskyInvestors to Apply to the Sacheerome Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
