Overview

• Bids for over 4.26 crore shares against 40.18 lakh on offer translated to a 10.61x overall subscription on Day 2.
• Non-institutional investors placed bids at 16.17x while qualified institutional buyers covered their allocation 4.18x.
• The entirely fresh issue comprises 60.41 lakh shares priced between Rs 96 and Rs 102 apiece with a minimum lot size of 1,200 shares requiring Rs 1.22 lakh.
• Unlisted shares are trading at Rs 132 apiece, indicating a 29.41% premium over the IPO price in the grey market.
• Sacheerome’s FY25 profit after tax rose 49.8% to Rs 15.98 crore and IPO proceeds will fund a new manufacturing facility and general corporate purposes.