ENA MSME 2025-06-16 15:38:14 <p><span style="font-size:14px"><strong>New Delhi, Jun 16 (KNN) </strong>Sacheerome Limited commenced trading on NSE Emerge platform on June 16, 2025, at Rs 153 per share, representing a 50 percent premium over its initial public offering price of Rs 102 per share. </span></p> <p><span style="font-size:14px">The fragrance and flavour manufacturing company's market debut valued the firm at over Rs 350 crore in market capitalisation.</span></p> <p><span style="font-size:14px">The listing premium exceeded market expectations, surpassing the 23.5 percent grey market premium at which the company's unlisted shares were trading prior to the official listing, according to data from Investorgain. </span></p> <p><span style="font-size:14px">Following the market debut, shares continued their upward trajectory, gaining an additional 2 percent to reach Rs 156 per share during morning trading hours, marking a total increase of over 53 percent from the original issue price.</span></p> <p><span style="font-size:14px">The company's initial public offering raised Rs 61.62 crore through the issuance of 60.4 lakh shares. </span></p> <p><span style="font-size:14px">The SME IPO consisted entirely of fresh shares with no offer-for-sale component. The minimum bid requirement was set at 1,200 shares, necessitating a minimum investment of Rs 1.22 lakh, with additional purchases allowed in multiples of the base lot size.</span></p> <p><span style="font-size:14px">Investor response to the maiden public offering proved exceptionally strong during the three-day bidding period from June 9 to June 11. </span></p> <p><span style="font-size:14px">The IPO received subscriptions of approximately 313 times the offered shares within the price band of Rs 96-102 per share, demonstrating significant market appetite for the company's equity.</span></p> <p><span style="font-size:14px">Sacheerome Limited has indicated its intention to deploy the IPO proceeds toward establishing a new manufacturing facility and supporting general corporate purposes. </span></p> <p><span style="font-size:14px">The successful market debut positions the fragrance and flavour manufacturer for its next phase of business expansion and growth initiatives.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42466 https://knnindia.co.in/news/newsdetails/msme/sacheerome-limited-debuts-on-nse-emerge-with-50-premium-over-ipo-price 2025-06-16 15:38:14 knnindia.co.in