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HDB Financial Services IPO received a nod from the Securities and Exchange Board of India (SEBI). This approval brings the company closer to ₹12,500 Crores listing.
Sacheerome, a leading fragrance and flavour manufacturer for the B2B FMCG sector, is preparing to go public. Here’s a breakdown of the IPO:
IPO Subscription Dates: June 9, 2025 – June 11, 2025
Price Band: ₹96 to ₹102 per equity share
Shares on Offer: 60.41 Lakh shares, aggregating ₹61.62 Crores
IPO Type: Fresh issue (No offer for sale)
Lot Size:
Retail investors: 1,200 shares (₹1,22,400 at the upper price band)
HNIs: 2,400 shares (₹2,44,800 at the upper price band)
The funds raised will primarily be used to establish a new manufacturing facility in Uttar Pradesh, with ₹56.5 Crores earmarked for this purpose. The remaining ₹5.12 Crores will be used for general corporate purposes.
Founded in 1992, Sacheerome manufactures fragrances and flavours for a wide range of industries, including personal care, beverages, dairy, and more. The company operates two manufacturing units in New Delhi and has clients across India, the Middle East, and Africa.
Sacheerome has shown strong financial growth:
FY24 Revenue: ₹86.4 Crores (up from ₹70.93 Crores in FY23)
Investors should note some potential risks, including:
Revenue concentration with a few key customers.
Negative cash flows from operations in the past.
Dependence on future performance for dividend payments.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
IPO Central — Sacheerome IPO details, https://www.ipocentral.in/
Moneycontrol — Latest IPO Updates, https://www.moneycontrol.com/
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Posted on 05 Jun
Geetanjali Lachke
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