IPO Details
RHP/DRHPIssue Date
09 Jun - 11 Jun'25
Investment/lot
₹ 122400
Price Range
96 - 102
Lot Size
1200
IPO Size
₹ 61.62 Cr
IPO Listing Details
Listing On
16 Jun'25
Issue Price
102
Listed Price
₹ 153
Retail Gain/Listing Gain
▲50.00%
Schedule of Sacheerome IPO
Start date
09/06/2025
End date
11/06/2025
Allotment of bids
12/06/2025
Refund Initiation
12/06/2025
Listing on exchange
16/06/2025
About Sacheerome IPO
The IPO of Sacheerome Ltd comprises a fresh issue of up to 60,40,800 equity shares of face value of ₹10 each. There’s no offer for sale in this IPO, which is a 100% book-built issue.
Objectives of Sacheerome IPO
- For setting up a new manufacturing facility at Gautam Buddha Nagar, UP
- General corporate purpose
Sacheerome IPO Valuation
Sacheerome IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net issue |
Non-institutional Applicants | Not less than 15% of the net issue |
Retail Individual Investors | Not less than 35% of the net issue |
Industry Outlook
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.
On the other hand, 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 ₹4287 crores in 2023 and is projected to grow at a CAGR of 7.1% from 2023 to 2032, reaching ₹8100 crores by 2032.
Company Information
Sacheerome Ltd is in the business of creation and manufacturing of fragrance and flavours. Fragrances and flavours are one of the most important factors in determining customer buying and preferences, and are thus viewed as vital components in any FMCG product's market standing and repurchase.
Fragrances manufactured by Sacheerome 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 Sacheerome are used in beverage, bakery, confectionery, dairy products, health & nutrition, oral care, shisha, meat products, dry flavours, Seasonings and other such aveneues.
Our 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).
Sacheerome IPO Strengths
Strong Research and Development Skill
Together with knowledge from fragrances and flavours design specialists, marketing intelligence, and quality assurance, the company’s highly experienced in-house team of trained perfumers and flavourists work to create distinctive notes at accords. With their extensive training and specialised knowledge, they are adept at comprehending the unique requirements of its clients.
Application and Evaluation Facility
The company has a team of highly experienced fragrance design managers, formulation technologists, experienced evaluators, on-call experts, to create and provide the best suitable creations. Also, there are dedicated odour-controlled evaluation chambers to conduct in house evaluation and support external consumer evaluations.
Efficient Manufacturing Facilities
Sacheerome’s manufacturing facility situated at F-89/4/2, Okhla Industrial Area, Phase I, New Delhi - 110020, is equipped with cutting-edge technology, and robotic finesse at formulating the most sophisticated aromas in single lot sizes ranging from 10 gm to 10MT with great precision. The robotic production plant is imported from Europe. The company’s storage facilities is made of stainless steel 316, is temperature controlled and it use nitrogen-filled storage vessels to safeguard the delicate properties of ingredients and products.
Efficient Sourcing of Raw Materials / Global Sourcing
Sacheerome's extensive knowledge of ingredients and network to procure the right quality of raw materials at the most competitive rates give it a competitive edge in terms of effective and timely sourcing, which guarantees efficient manufacturing process and prompt product delivery, improving the customer experience.
Risks of Sacheerome IPO
- Failure to Anticipate Market Trends
The success of the company’s products depends on its ability, as well as that of its customers, to anticipate market trends and understand customer preferences early on, leveraging this information successfully. Failure to do so could negatively impact its cash flows, business performance, financial condition, and overall operational results.
- Dependent on Few Customers
A significant portion of the company’s revenues is dependent on a few key customers, with whom it doesn’t have firm commitments. The loss of any one or more of these major customers could have a material adverse effect on its business, cash flows, results of operations, and financial condition.
- Stringent Regulatory Environment
Increasingly stringent regulatory environment with regard to food, cosmetic ingredients and FMCG could result in stricter standards being applied to its products, which could cause it to incur substantial costs, which may have an adverse effect on its business and results of operations.
All Financial Information about Sacheerome
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Company Name | Total Income (in ₹ crores) | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share (in ₹) |
|---|---|---|---|---|
Sacheerome Ltd | 108.1341 | 9.79 | 25.78 | 37.95 |
S H Kelkar Limited | 2042.500 | 5.40 | 5.75 | 91.89 |
Anchor Investor Bidding Date June 6, 2025
IPO Registrar and Book Running Lead Manager
- IPO Registrar: MUFG Intime India Pvt Ltd
- Book Running Lead Manager: GYR Capital Advisors Pvt Ltd
Business Model
In the business of creation and manufacturing of fragrance and flavours, fragrances manufactured by Sacheerome Ltd are used in the personal care and wash, body care, hair care and wash, fabric care, home care, baby care, fine fragrance, air care, pet care, men’s grooming, hygiene and wellness and various other industries. Flavours manufactured by it are used in beverage, bakery, confectionery, dairy products, health and nutrition, oral care, shisha, meat products, dry flavours, seasonings and others.
Company Growth Trajectory
The revenue from operations of Sacheerome Ltd grew from ₹70.4919 crores in FY 23 to ₹107.5359 crores in FY 25. Its EBITDA margin grew from 14.61% in FY 23 to 21.70% in FY 25, while PAT margin grew from 8.50% in FY 23 to 14.86% in FY 25. Strong research and development skill coupled with experienced promoters and management team has helped in the company's growth.
Market Position
Sacheerome Ltd’s 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’s a member of Chemexcil and Fragrances & Flavours Association of India (FAFAI). Additionally, it complies to ISO 9001:2015 ensuring top quality and reliability.
Sacheerome Profit and Loss
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Total Income (in ₹ crores) | 108.1341 | 86.3978 | 70.9281 |
Profit Before Tax (in ₹ crores) | 21.4259 | 14.5944 | 8.3361 |
Profit /(Loss) After Tax (in ₹ crores) | 15.9821 | 10.6730 | 5.9941 |
EPS in ₹ | 9.79 | 6.54 | 3.67 |
Sacheerome IPO Balance Sheet
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 21.4259 | 14.5944 | 8.3361 |
Net Cash from Operating Activities (in ₹ crores) | 22.4817 | 9.7716 | 10.7582 |
Net Cash from Investing Activities (in ₹ crores) | (23.1469) | (10.3775) | (2.0457) |
Net Cash from Financing Activities (in ₹ crores) | 1.7652 | 1.313 | (8.7084) |
Cash & Cash Equivalents as at End of the Year (in ₹ crores) | 1.8532 | 0.7532 | 0.0461 |
How to Apply for the Sacheerome Ltd IPO?
1. Visit the Registrar’s Website
- Visit the official website of MUFG Intime India Pvt Ltd
- Click on ‘Public Issues’ from ‘Investor Services’
- Choose name of the company
- Enter either your application number, DP/client ID, Account Number/IFSC or PAN number
- Click on ‘Submit’ to know the status
2. Check on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO bid verification module. You can use it to check the status of Sacheerome Ltd IPO. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO Bid Verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
How to Apply for the Sacheerome Ltd IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Sacheerome IPO FAQs
When is Sacheerome IPO listing date?
Sacheerome IPO will list on 2025-06-16.
What is the issue size of Sacheerome IPO?
61.62 is the issue size of Sacheerome IPO.
What is the minimum lot size required for Sacheerome IPO?
The minimum lot size is 1200 shares and the investment required is ₹122400.
What is the price band of the Sacheerome IPO?
The price band of Sacheerome IPO is ₹96 to ₹102.
Where can I read more about Sacheerome business?
You can read more about Sacheerome and its IPO from the company’s red herring prospectus (RHP) here.
What is the Sacheerome Ltd IPO?
The Sacheerome Ltd IPO comprises a fresh issue of up to 60,40,800 equity shares of face value of ₹10 each.
When will the IPO of Sacheerome Ltd go live?
The IPO will open for subscription on June 9, 2025 and will close on June 11, 2025.
From where can I get more information about the IPO of Sacheerome Ltd?
To get more information about the IPO of Sacheerome Ltd, click on the company’s red herring prospectus here.
