Do Not Call
Sacheerome Limited’s SME IPO retained momentum on its second day of subscription.
Overall subscription reached approximately 16.5 times by midday
Retail participation stood at 18.6 times
Non-Institutional Investors (NIIs) subscribed around 27.9 times.
Qualified Institutional Buyers (QIBs) contributed about 4.2 times to the subscription levels.
Below is a breakdown of Day 2 bidding activity across different investor categories:
Investor Category |
Subscription Level |
|---|---|
Retail Investors |
18.6 times |
Non-Institutional |
27.9 times |
QIBs |
4.2 times |
Overall |
16.5 times |
Sacheerome’s offer is entirely a fresh issue valuing approximately ₹61.62 Crores, with a fixed price band of ₹96–₹102 per share. Applications require a minimum of 1,200 shares per lot, translating to a minimum investment of ₹1,15,200 at the lower end and ₹1,22,400 at cut-off pricing.
Allotment is scheduled for 12 June, with an expected listing date of 16 June on the NSE SME platform.
Funds raised are earmarked largely for setting up a new manufacturing and R&D facility in Gautam Buddha Nagar, Uttar Pradesh. Remaining proceeds will support general corporate needs.
Monitoring performance through the final subscription day and listing will clarify the IPO’s trajectory and alignment with investor expectations.
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
The Economic Times — Sacheerome IPO booked 17 times on Day 2 so far, GMP points to 29% listing pop, https://economictimes.indiatimes.com/markets/ipos/fpos/sacheerome-ipo-booked-17-times-on-day-2-so-far-gmp-points-to-29-listing-pop/articleshow/121749549.cms
Business Standard — Sacheerome IPO Day 2 update: Subscription rises 7x, GMP steady at 30%, https://www.business-standard.com/markets/news/sacheerome-ipo-day-2-update-subscription-rises-7x-gmp-steady-at-30-125061000265_1.html
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