Sacheerome IPO Allotment to Be Out Soon: Here Are Steps to Check Status Online and GMP as Focus Shifts to Listing

As Sacheerome Limited inches closer to its stock market debut, investor attention has now shifted from the IPO bidding phase to the much-awaited allotment status and grey market premium (GMP). The SME IPO, which witnessed enthusiastic participation from retail and high-net-worth individuals, is now in its final leg before listing on the NSE SME platform. The allotment of shares is expected to be finalized shortly, with the listing likely to follow within a week.

Strong Response in IPO Phase

Sacheerome, a leading player in the fragrance and flavour manufacturing sector, opened its SME IPO on June 7 and closed on June 11. The issue was priced in the fixed band of ₹95 per share, aiming to raise ₹30.23 crore through a fresh issue of 31.82 lakh shares.

The IPO saw robust demand across investor categories. According to data from the exchange, the issue was subscribed over 300 times in the retail category, while the overall subscription crossed 250x, highlighting investor confidence in the company’s niche market positioning and consistent financial performance.

Allotment Status: How to Check Online

Investors who participated in the IPO can check the Sacheerome IPO allotment status online once the shares are allocated. The status can be verified through either the BSE website or the registrar’s portal, which for Sacheerome is Maashitla Securities Pvt Ltd. Here are the step-by-step procedures:

On Maashitla Securities Website:

1. Visit: https://maashitla.com

2. Navigate to ‘IPO Allotment Status’.

3. Select ‘Sacheerome Limited’ from the drop-down menu.

4. Enter your PAN, application number, or DP Client ID.

5. Click on ‘Submit’ to view your allotment status.

On BSE Website:

1. Go to: https://www.bseindia.com/investors/appli_check.aspx

2. Choose ‘Equity’ under issue type.

3. Select ‘Sacheerome Limited’ from the issue name.

4. Enter your PAN and application number.

5. Click on ‘Search’ to view status.

Grey Market Premium (GMP) Paints a Positive Picture

As per market observers, Sacheerome’s shares are commanding a grey market premium (GMP) of ₹70–₹75 per share as of June 12. This implies a potential listing price in the range of ₹165–₹170, which would translate to a listing gain of around 75% over the issue price of ₹95.

However, it is important to note that GMP is an unofficial indicator and may not always accurately predict listing price. It reflects speculative interest and market sentiment ahead of the listing, and investors are advised to consider it only as a directional indicator.

Market Context: Why Sacheerome Stands Out

Sacheerome is engaged in the creation of fragrances, flavors, and aroma chemicals for a variety of industries, including personal care, food & beverage, household products, and fine fragrances. With over 1,000 products and a clientele spanning more than 20 countries, the company has positioned itself as a reliable B2B partner in the olfactory and taste segment.

Analysts highlight Sacheerome’s strong growth trajectory, global footprint, and margin profile as key positives.

“Sacheerome’s business model is capital-efficient and R&D driven. Their consistent focus on innovation and customization gives them an edge in a niche but high-value segment,” said Ramesh Bhutani, Senior Analyst at Vantage Securities.

“Given the subscription numbers and GMP trend, the stock is likely to list at a premium. However, long-term investors should watch the post-listing performance closely as SME stocks can be volatile,” Bhutani added.

Financial Snapshot and Utilization of Funds

Sacheerome reported revenue of ₹55.72 crore and net profit of ₹5.41 crore for FY24. The company has maintained steady margins and shown year-on-year growth.

The proceeds from the IPO are slated for:

• Expansion of manufacturing capacity

• Product development

• Marketing and branding

• Working capital needs

• General corporate purposes

Investor Outlook: Listing Strategy and Risks

For investors who have received allotment, holding for listing gains appears attractive, especially considering the current GMP and market sentiment. However, experts also caution that SME IPOs can see sharp price swings post-listing, and investors should set stop-losses or book profits at suitable levels.

For those who haven’t received an allotment, analysts suggest waiting for the listing and reassessing the valuation before considering entry from the secondary market.

“While the IPO valuation appears fair, much will depend on post-listing liquidity and promoter guidance. SME stocks often face thin volumes, which can amplify price movements both ways,” said Aditi Shah, Market Strategist at AlphaOne Capital.

What’s Next?

The expected timeline from now on includes:

• Allotment finalization: Likely by June 13

• Credit of shares to demat: Around June 14–15

• Listing on NSE SME: Tentatively by June 17–18

Investors are advised to keep an eye on updates from the registrar and NSE for final confirmations.

Sacheerome Limited’s IPO journey reflects growing investor appetite for niche manufacturing plays in India’s SME segment. With a compelling business model and positive grey market buzz, all eyes are now on the stock’s debut performance. Whether listing gains materialize as expected or market volatility throws surprises, the Sacheerome IPO is one of the more notable SME listings of 2024.