What is the last grey market premium of Sacheerome  IPO?

 Click

Listing Review: Will update on listing.

Subscription status of Sacheerome IPO

Sacheerome IPO
(Day 1)

Price Rs. 102 Lot 1200 shares, Rs. 61.62 Crore

QIB NII x RII x Total x Applications
         
Note:

Sacheerome IPO Allotment Link: 

https://linkintime.co.in/Initial_Offer/public-issues.html

 

What is the business of Sacheerome?

Sacheerome Limited was incorporated in June 1992 and has since established itself as a creative and innovative force in the design and manufacturing of fragrances and flavors.

The company offers a diverse portfolio that includes cosmetic and industrial fragrances, fine perfumes, food additives, and flavoring essences.

Sacheerome operates primarily in the B2B FMCG sector, catering to leading brands across India and international markets.

Its fragrances are widely used across multiple industries, including Personal Care, Body Care, Hair Care, Fabric Care, Home Care, Baby Care, Fine Fragrance, Air Care, Pet Care, Men’s Grooming, and Hygiene & Wellness.

On the flavors front, Sacheerome’s products are utilized in Beverages, Bakery, Confectionery, Dairy Products, Health & Nutrition, Oral Care, Shisha, Meat Products, Dry Flavors, Seasonings, and more.

The company exports to key markets in the Middle East (UAE) and Africa, further extending its global footprint.

As of September 30, 2024, Sacheerome Limited employs 153 professionals across various functions.

Get more information about the company @ www.sacheerome.com

Sacheerome IPO Details

Sector:

IPO opens on  9 June 2025
IPO closes on  11 June 2025
Issue Type Book Built Issue IPO
Issue Size 6040800 Shares /
Rs 61.62 Crore
* Fresh Issue 6040800 Shares /
Rs 61.62 Crore
* Offer for Sale –
Market Maker Portion 302400 Shares
Net offer to Public 5738400 Shares
Rs.58.53 Crores
Face Value per share Rs. 10
Price Band Rs. 96-102
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 2869200 29.27
HNI (15%)   860760   8.78
RII  (35%) 2008440 20.48
Total Shares  5738400 58.53
Retail portion will be
oversubscribed by 
1674
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1200 Shares Rs.122400
Min HNI Application  2400 Shares Rs.244800

Who are the Promoters of Sacheerome?

The promoters of the company are Mr. Manoj Arora (65 years), Mrs. Alka Arora (60 Years) and Mr. Dhruv Arora.
Mr Manoj Arora has 40 years of experience in the field of fragrance industry. He was invited as a keynote speaker at the prestigious forum of World Perfumery Congress 2022 in Miami, USA. He also took stage at World Aroma Ingredients Congress & Expo 2024 held at Chennai.
Mrs. Alka Arora has more than 26 years of experience in the field of this fragrance and flavours industry.
She is involved in the Production & Logistics of the company.

Mr. Dhruv Arora aged 36 years is the Whole time Director of the Company. He possesses the degree of Bachelor of Science Chemistry with Business and Management from The University of Manchester and Management Programme for Family Business from Indian School. He has 14 years of experience of experience in fragrance and flavours Industry. He is involved in the Business Development of the company.

What are the Objects of Sacheerome IPO?

1) Setting Up a new manufacturing facility at 1459b, Sector-32, Yeida, Gautam Buddha Nagar, UP
(As on the date of DRHP, its existing manufacturing unit is located at F-89-4-2 Okhla Industrial Area, Phase-1, New Delhi, Okhla Industrial Area Phase-I, South Delhi, New Delhi, Delhi, India, 110020 admeasuring the total area of 898.55 sq. mtr., where it is manufacturing fragrance and flavours. Now the company intends to set up new manufacturing facility at 1459b, Sector-32, Yeida, Gautam Buddha Nagar, UP-203209)

2) General Corporate purposes

Tentative timetable

IPO opens on 9 June 2025
IPO Closes on 11 June 2025
IPO Allotment on  12 June 2025
Refund Initiation  13 June 2025
Credit of Shares 13 June 2025
Listing on 16 June 2025
Registered Office of the Company
Sacheerome Limited
Y-4
Okhla Industrial Area
Phase-II,
South Delhi, New Delhi
The Lead Manager of this IPO
GYR Capital Advisors Pvt Ltd

Who is the Registrar to IPO?

Mufg Intime India Pvt ltd

Sacheerom IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Sacheerome Financials

Period Ended 30-Sep-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 70.44 63.52 49.22 49.08
Revenue 50.78 86.4 70.93 64.36
Profit After Tax 7.04 5.99 5.99 4.55
Net Worth 53 45.95 35.34 29.34
Reserves and Surplus 36.66 29.62 31.25 25.26
Total Borrowing 1.69 1.43   8.26
Amount in Rs. Crore

Performance Indicators

KPI Values
ROE 23.10%
ROCE 31%
RoNW 23.10%
PAT Margin 12.47
Price to Book Value 3.62
EPS Rs. 3.67
PE Ratio 27.8

 

How Sacheerome IPO compares with the Peers?

Company Name P/E (x) RoNW (%)
Sacheerome  27.80 23.1
S H Kelkar  31.15 10.67

 

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Sacheerome IPO Review by Paresh Gordhandas, CA & Research Analyst.

‘Sacheerome Limited’ is a creative house, designing & manufacturing fragrance and flavours. It was founded in the year 1992 by our visionary promoter Mr. Manoj Arora, who is a third-generation entrepreneur of a business family in Fragrance & Flavour industry and has been actively involved in this line of business form last 40 years. Sacheerome was initially only in the fragrance industry. In 2014, the company ventured into the flavours and has a separate unit, with a team of skilled flavorists, an application centre and a Research & Development centre.

Fragrances manufactured by it are used in the Personal Care & Wash, Body Care, Hair Care & Wash, Fabric Care, Home Care, Baby Care, Fine fragrance, Air care, Pet Care, Men’s Grooming, Hygiene & Wellness and various other industries. Flavours manufactured by it are used in Beverage, Bakery, Confectionery, Dairy Products, Health & Nutrition, Oral care, Shisha, Meat Products, Dry Flavours, Seasonings and others. It is Sacheerome’s endeavour to continue to do research and innovation to deliver more solutions. Its products adhere to the global standards such as the International Fragrance Association (IFRA), European Commission (EU), Food Safety and Standards Authority of India (FSSAI),and Flavour Extract Manufacturers Association (FEMA as per the requirements of the customers). It is member of Chemexcil and Fragrances & Flavours Association of India (FAFAI). Additionally, it comply to ISO 9001:2015 ensuring top quality and reliability.

Sacheerome’s manufacturing facility is equipped, with an annual production capacity of 7,60,000 Kg. We have a strong and dedicated R&D team of 45 specialist persons, at Y-4 Okhla Industrial Area, Phase-II, New Delhi, India, 110020 and F-89-4-2 Okhla Industrial Area, Phase-1, New Delhi, India, 110020.

Growth potential of the business across the world and in India

The global flavours and fragrances market, valued at USD 32.2 billion in 2023, is expected to grow at an annual rate of 3.3%, reaching USD 43.6 billion by 2032, as shared by Imarc. This growth is fueled by the expanding food and beverage industry, rising interest in personal grooming and hygiene, changing consumer preferences, urbanization, and a growing demand for natural and organic ingredients. The rise in disposable income, particularly in emerging economies such as India and China, coupled with population growth, is expected to augment demand for personal care and cosmetic products. Simultaneously, the fast-paced lifestyle prevalent in both developing and developed economies is increasing the demand for processed foods and beverages, thereby boosting the need for diverse and appealing flavours. In 2023, the Asia-Pacific region dominated the global market, accounting for over 32% of the total revenue. The region’s large market share is attributed to changing consumer preferences for nutritional and health-focused food products in densely populated countries such as India and China. Asian flavours and fragrances are gaining traction globally, with markets like Europe, the Middle East, and North America embracing these sensory experiences. Countries such as Indonesia, India, China, and Vietnam have emerged as key markets for food flavor innovations in the Asia-Pacific region.

India’s fragrances market is anticipated to grow at a CAGR of 14.50% from 2024 to 2032, driven by factors such as rising disposable incomes, increasing consumer focus on personal grooming, and the proliferation of global beauty trends via social media. India has a rich history of olfactory culture, with the use of aromatherapy, incense, and ittar dating back to ancient times.

The Indian flavours market is experiencing robust growth, driven primarily by the expanding food processing industry and increased demand for packaged, ready-to-eat foods and beverages. According to a report by IMARC Group, the market size reached INR 4,287 Crore in 2023 and is projected to grow at a CAGR of 7.1% from 2023 to 2032, reaching INR 8,100 Crore by 2032.

The company has steady growth in its topline and strong bottomline. The shares are offered at reasonable PE multiple

+ from fundamental angle:  May Apply

+ from grey market angle: 

Quicklinks


 
Sacheerome IPO

 
Sacheerome IPO

Leave a Reply

Your email address will not be published. Required fields are marked *