Overview

• The Rs 61.62 crore public offer attracted bids for over 20 million shares against 4 million shares on the final day, marking more than 51 times oversubscription.
• Retail investors subscribed the issue over 50 times while non-institutional bids reached around 109 times and qualified institutions placed orders for roughly 9.5 times the shares on offer.
• IPO funds will support the establishment of a new manufacturing plant and general corporate needs to back Sacheerome’s expansion plans.
• The company posted a 49.8% year-on-year increase in profit after tax to Rs 15.98 crore in FY25, driving investor enthusiasm.
• Share allotment is scheduled for June 12 with a planned listing on the NSE SME platform on June 16.