Sacheerome Limited, an established name in the fragrance and flavour design space, is all set to make its debut on the NSE SME platform through a book-built IPO. The issue will open for public subscription from June 9 to June 11, 2025, with the listing tentatively scheduled for June 16, 2025. The IPO size is ₹61.61 crores, comprising entirely a fresh issue of 60.40 lakh equity shares.

The price band is set between ₹96 and ₹102 per share, and the market capitalisation of Sacheerome Limited at the upper price band is estimated at ₹228.20 crores. The lot size is 1,200 shares, implying a minimum investment of ₹1,22,400 for retail investors and ₹2,44,800 for HNIs (2 lots).

GYR Capital Advisors Pvt. Ltd. is acting as the book-running lead manager, with Link Intime India Pvt. Ltd. as the registrar, and Giriraj Stock Broking Pvt. Ltd. as the market maker.

Company Background:

Sacheerome is described as a group of innovators, creative thinkers, and collaborators in the space of designing fragrances and flavours. Their creations aim to evoke memories, emotions, and dreams, functioning as sensory time machines. Led by Mr. Manoj Arora and Mrs. Alka Arora, the company has shown steady financial growth and consistent innovation in product development.

Mr. Manoj Arora, with over 40 years of industry experience, leads the R&D, quality control, and overall management. He is the driving force behind the company’s exponential growth and product excellence.

Sacheerome IPO GMP (Grey Market Premium):

As of the last update on June 3, 2025, the GMP for Sacheerome IPO stands at ₹13, implying an expected listing price of ₹115, which is 12.74% higher than the upper price band of ₹102. However, investors are cautioned that GMP is unofficial, unregulated, and purely speculative. It depends on demand-supply dynamics in the grey market and should be viewed only as an indicator, not a certainty.

Sacheerome IPO Subscription & Allotment Details:

The IPO subscription window will be open for three days—June 9 to June 11, 2025. The allotment is expected to be finalised on June 12, and investors can check their allotment status on the Link Intime website through:

• Application Number

• PAN

• DP Client ID

Shares are expected to be credited to demat accounts by June 13 or June 14, and listing will likely take place on Monday, June 16, 2025.

Financial Performance:

Sacheerome has shown impressive revenue and profit growth over the past years. The financial metrics indicate a well-managed and scalable business model. Here are the highlights:

• Revenue from Operations:

  • FY22: ₹64.36 crores

  • FY23: ₹70.92 crores

  • FY24: ₹86.39 crores

  • 11 months FY25: ₹108.13 crores

• EBITDA:

  • FY22: ₹8.96 crores

  • FY23: ₹10.36 crores

  • FY24: ₹16.45 crores

  • 11 months FY25: ₹23.46 crores

• Profit After Tax (PAT):

  • FY22: ₹4.55 crores

  • FY23: ₹5.99 crores

  • FY24: ₹10.67 crores

  • 11 months FY25: ₹15.98 crores

This upward trajectory in financials reflects operational efficiency and strong product demand.

Key Ratios and Valuations:

The IPO pricing reflects a reasonable valuation:

• Pre-Issue EPS: ₹9.79

• Post-Issue EPS: ₹7.14

• Pre-Issue P/E: 10.41x

• Post-Issue P/E: 14.28x

• Return on Capital Employed (ROCE): 33.00%

• Return on Equity (ROE): 25.78%

• Return on Net Worth (RoNW): 25.78%

These figures signal that Sacheerome is not only profitable but also efficient in capital usage.

IPO Objectives:

The net proceeds from the IPO will be used for:

1. ₹56.5 crores (₹5,65,00,000): For setting up a new manufacturing facility at Sector-32, YEIDA, Gautam Buddha Nagar, Uttar Pradesh.

2. Remaining funds: For general corporate purposes, including brand development, working capital needs, and expansion initiatives.

Sacheerome IPO Review: Should You Apply?

With a GMP of ₹13 suggesting potential 12.74% listing gains, the Sacheerome IPO appears to be attracting investor interest. The strong financials, high ROE and ROCE, and established market presence make it an appealing pick for aggressive investors seeking listing gains.

However, being an SME IPO, there are liquidity risks, and investors must be prepared for potential volatility post-listing.

We recommend that risk-tolerant investors may consider applying to the Sacheerome IPO for moderate listing gains, with the option to hold long-term depending on post-listing performance and company guidance.

Disclaimer:
The information provided is for educational and informational purposes only. It does not constitute financial advice or an offer to buy or sell securities. Always consult with a professional financial advisor before making investment decisions. Investment in securities is subject to market risks. Past performance does not guarantee future returns.

The Upcoming IPOs in this week and coming weeks are Jainik Power Cables, Sacheerome Limited, Victory Electric Vehicles International, Wagons Learning.

The Current active IPO are Ganga Bath Fittings.

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