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Sacheerome Ltd IPO
Status: Closed
Overview
IPO date
09 Jun 2025 to 11 Jun 2025
Face value
₹ 10 per share
Price
₹ 96 to ₹102 per share
Issue Size
6,040,800 shares
(aggregating up to ₹ 61.62 Cr)
(aggregating up to ₹ 61.62 Cr)
Allotment Date
12 Jun 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Chemicals
Objectives of Sacheerome Ltd IPO
Initial public issue of up to 60,40,800* equity shares of face value of Rs. 10/- each ("Equity Shares") of Sacheerome Limited (the "Company" or "SL" or "Issuer") at an issue price of Rs. 102 per equity share (Including a Share Premium of
Rs. 92 per Equity Share) for cash, Aggregating up to Rs. 61.62 crores ("Public Issue") out of which upto 3,02,400 equity shares of face value of Rs. 10/- each, at an issue price of
Rs. 102 per equity share for cash, aggregating Rs. 3.09 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of upto 57,38,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 102 per equity share for cash, Aggregating up to Rs. 58.53 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27% and 25.65% respectively of the post- issue paid-up equity share capital of the company.
Sacheerome Ltd IPO Strategy
- Setting up a new modern infrastructure manufacturing facility in YEIDA to increase production capacity.
- Strengthen our Innovation Platform to Enhance Sacheerome Products Portfolio.
- Expansion of Research and Development.
About Sacheerome Ltd
Sacheerome Limited was originally incorporated as 'Sachee Fragrances Limited' with Registrar of Companies, Delhi & Haryana on June 19, 1992. Later, Company changed the name from 'Sachee Fragrances Limited' to 'Sachee Cosmetics Limited' on February 13, 1995, Again the name of the Company was changed to 'Sachee Aromatics Limited' on April 3, 1997 and further to 'Sachee Aromatics Private Limited' on March 14, 2012 and to 'Sacheerome Private Limited' on April 17, 2012. Subsequently, the name of the Company was changed from Sacheerome Private Limited' to 'Sacheerome Limited' upon the conversion of the Company into a Public Limited via fresh Certificate of Incorporated issued by the Registrar of Companies Delhi & Haryana on August 8th, 2024.
The Company was founded in the year 1992 by the visionary promoter Mr. Manoj Arora, who is a third-generation entrepreneur of a business family in Fragrance & Flavour industry. Sacheerome is in business of creation & manufacturing of Fragrance and Flavours. Sacheerome's manufacturing facility is equipped, with an annual production capacity of 7,60,000 Kg. Fragrances and Flavours are one of the most important factor in determining customer buying & preferences, and are thus viewed as vital components in any FMCG product's market standing and repurchase. Fragrances manufactured are used in the Personal Care & Wash, Body Care, Hair Care & Wash, Fabric Care, Home Care, Baby Care, Fine fragrance, Air care, Pet Care, Men's Grooming, Hygiene & Wellness and various other industries. Flavours manufactured are used in Beverage, Bakery, Confectionery, Dairy Products, Health & Nutrition, Oral care, Shisha, Meat Products, Dry Flavours, Seasonings and others.
Sacheerome was initially only in the fragrance industry. In 2014, it ventured into the flavours and has a separate unit, with a team of skilled flavourists, an application centre and a Research & Development centre.
Company is planning an IPO of upto 61,00,000 equity shares of face value of Rs 10 each through Fresh Issue.
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T&C*
Strengths vs Risks of Sacheerome Ltd
Know the pros & cons
Strengths
Experienced Promoters and Management Team.- Efficient operational team.
- Consistent financial performance.
Risks
- The success of its products depends on the company ability, as well as that of its customers, to anticipate market trends and understand customer preferences early on, leveraging this information successfully. Failures to do so could negatively impact its cash flows, business performance, financial condition, and overall operational results.
- Success in its fragrances and flavors business relies on a limited pool of highly specialized employees, making recruitment and retention critical to its ability to compete and achieve strategic objectives.
- A significant portion of its revenues is dependent on a few key customers, with whom the company does not have firm commitments. The loss of any one or more of these major customers could have a material adverse effect on its business, cash flows, results of operations, and financial condition.
- Increasingly stringent regulatory environment with regard to food, cosmetic ingredients and FMCG could result in stricter standards being applied to its products, which could cause it to incur substantial costs, which may have an adverse effect on its business and results of operations.
- Disproportionate increases in raw materials prices and significant dependence on a limited number of suppliers for unique raw materials could adversely affect its business, results of operations and cash flows.
- Its operations could be adversely affected by strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with its employees.
- There have been instances of delays of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC
- Increasing Competition and Industry Consolidation May Adversely Impact its Business
- Intense competition and consolidation in the FMCG industry may lead to increased price pressure on its customers. If the company is unable to compete effectively, its sales and results of operations will suffer.
- Its ability to successfully implement the company growth strategy is subject to various internal and external factors that may impact its expansion plans, operational efficiency, and overall business performance.
- Conflicts of interest may arise out of common business undertaken by the Company and its Group Entity
- Its reliance on certain industries for a significant portion of the company sales could have an adverse effect on its business.
- Its performance may be adversely affected if the company is not successful in managing its inventory or working capital balances.
- Any non-compliance or delays in EPF Return Filings may expose us to penalties from the regulators.
- Some of its Group Company has incurred losses in the last three financial years.
- The sale of its products is concentrated in state of Uttar Pradesh. Any adverse developments affecting its customers operations in such region, could have an adverse impact on its business, financial condition, results of operations and cash flows.
- Its Manufacturing facility and Corporate Office is not owned by the company.
- The company is required to obtain certain approvals and licenses as part of its regular business operations and must comply with various rules and regulations. Any failures to secure, retain, or renew these approvals and licenses, or to adhere to these rules and regulations, could have a negative impact on its operations.
- Any failures of its information technology systems could adversely affect its business and the company operations.
- The company is required to obtain certain approvals and licenses as part of its regular business operations and must comply with various rules and regulations. Any failures to secure, retain, or renew these approvals and licenses, or to adhere to these rules and regulations, could have a negative impact on its operations.
- Relevant copies of educational qualifications proof and experience proof of some of its Directors, Promoters are not traceable.
- Its may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights
- Its operations could be adversely affected by strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with its employees.
- Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- The company is susceptible to risks relating to unionization of its employees employed by the company.
- The company has experienced negative cash flows from operations in the recent past, and its may have negative cash flows in the future.
- Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
- The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The Company is party to certain litigation and claims. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.
- Any non-compliance or delays in EPF Return Filings may expose its to penalties from the regulators.
- The company intend to utilise certain portion of the Net Proceeds for purchase of plant and machinery for setting up a new manufacturing facility. The company is yet to place orders for some of the machinery.
- There have been instances of delays of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC.
- Its Promoters and Directors have provided personal guarantees for financing facilities availed by the Company and may in the future provide additional guarantees and any failures or default by the Company to repay such facilities in accordance with the terms and conditions of the financing agreements could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters and Directors and thereby, adversely impact the company business and operations.
- Its Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- The average cost of acquisition of Equity Shares by our Promoters could be lower than the Issue price.
- Its individual Promoters plays key role in the company functioning and its heavily relies on their knowledge and experience in operating its business and therefore, it is critical for its business that its Promoter and Executive Directors remain associated with it. The company success also depends upon the services of its key managerial personnel and its ability to attract and retain key managerial personnel and its inability to attract them may affect its operations.
- Relevant copies of educational qualifications proof and experience proof of some of its Directors, Promoters are not traceable.
- Its Promoters and Executive Directors hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The Objects of the Issue for which funds are being raised are based on its management estimates and the same have not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled "Objects of the Issue".
- The company has issued shares at a price which may be lower than the issue price in preceding one year.
- Its ability to pay any dividends will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Industry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
- Certain data mentioned in this Red Herring Prospectus has not been independently verified.
Sacheerome Ltd Peer Comparison
Understand the company’s industry standing
Sacheerome Ltd
S H Kelkar Limited
Face Value
10
10
Standalone / Consolidated
Standalone
Standalone
Total Income Rs. Cr.
108.1341
2042.5
EPS-Basis
9.79
5.4
EPS-Diluted
---
---
NAV Per Share
37.95
91.89
P/E-Basic EPS
---
43.91
P/E-Diluted EPS
---
---
RONW(%)
25.78
5.75
Latest NAV Period
---
---
Latest NAV
---
---
How to check the allotment status of Sacheerome Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 09 Jun 2025 & closes on 11 Jun 2025.
Sacheerome Limited was originally incorporated as 'Sachee Fragrances Limited' with Registrar of Companies, Delhi & Haryana on June 19, 1992. Later, Company changed the name from 'Sachee Fragrances Limited' to 'Sachee Cosmetics Limited' on February 13, 1995, Again the name of the Company was changed to 'Sachee Aromatics Limited' on April 3, 1997 and further to 'Sachee Aromatics Private Limited' on March 14, 2012 and to 'Sacheerome Private Limited' on April 17, 2012. Subsequently, the name of the Company was changed from Sacheerome Private Limited' to 'Sacheerome Limited' upon the conversion of the Company into a Public Limited via fresh Certificate of Incorporated issued by the Registrar of Companies Delhi & Haryana on August 8th, 2024.
The Company was founded in the year 1992 by the visionary promoter Mr. Manoj Arora, who is a third-generation entrepreneur of a business family in Fragrance & Flavour industry. Sacheerome is in business of creation & manufacturing of Fragrance and Flavours. Sacheerome's manufacturing facility is equipped, with an annual production capacity of 7,60,000 Kg. Fragrances and Flavours are one of the most important factor in determining customer buying & preferences, and are thus viewed as vital components in any FMCG product's market standing and repurchase. Fragrances manufactured are used in the Personal Care & Wash, Body Care, Hair Care & Wash, Fabric Care, Home Care, Baby Care, Fine fragrance, Air care, Pet Care, Men's Grooming, Hygiene & Wellness and various other industries. Flavours manufactured are used in Beverage, Bakery, Confectionery, Dairy Products, Health & Nutrition, Oral care, Shisha, Meat Products, Dry Flavours, Seasonings and others.
Sacheerome was initially only in the fragrance industry. In 2014, it ventured into the flavours and has a separate unit, with a team of skilled flavourists, an application centre and a Research & Development centre.
Company is planning an IPO of upto 61,00,000 equity shares of face value of Rs 10 each through Fresh Issue.
Sacheerome Ltd IPO will close on 11 Jun 2025.
- Experienced Promoters and Management Team.
- Efficient operational team.
- Consistent financial performance.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Manoj Arora | 11449810 | 70.11 | 11449810 | 51.18 |
| 2 | Alka Arora | 1251150 | 7.66 | 1251150 | 5.59 |
| 3 | Dhruv Arora | 3304240 | 20.23 | 3304240 | 14.77 |
| 4 | Quick Infraprojects Private Li | 100 | --- | 100 | --- |
| 5 | Sachee Holdings Private Limite | 100 | --- | 100 | --- |
| 6 | Vaishali F & F LLP | 100 | --- | 100 | --- |
| 7 | Quartz Impex Private Limited | 100 | --- | 100 | --- |
- The success of its products depends on the company ability, as well as that of its customers, to anticipate market trends and understand customer preferences early on, leveraging this information successfully. Failures to do so could negatively impact its cash flows, business performance, financial condition, and overall operational results.
- Success in its fragrances and flavors business relies on a limited pool of highly specialized employees, making recruitment and retention critical to its ability to compete and achieve strategic objectives.
- A significant portion of its revenues is dependent on a few key customers, with whom the company does not have firm commitments. The loss of any one or more of these major customers could have a material adverse effect on its business, cash flows, results of operations, and financial condition.
- Increasingly stringent regulatory environment with regard to food, cosmetic ingredients and FMCG could result in stricter standards being applied to its products, which could cause it to incur substantial costs, which may have an adverse effect on its business and results of operations.
- Disproportionate increases in raw materials prices and significant dependence on a limited number of suppliers for unique raw materials could adversely affect its business, results of operations and cash flows.
- Its operations could be adversely affected by strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with its employees.
- There have been instances of delays of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC
- Increasing Competition and Industry Consolidation May Adversely Impact its Business
- Intense competition and consolidation in the FMCG industry may lead to increased price pressure on its customers. If the company is unable to compete effectively, its sales and results of operations will suffer.
- Its ability to successfully implement the company growth strategy is subject to various internal and external factors that may impact its expansion plans, operational efficiency, and overall business performance.
- Conflicts of interest may arise out of common business undertaken by the Company and its Group Entity
- Its reliance on certain industries for a significant portion of the company sales could have an adverse effect on its business.
- Its performance may be adversely affected if the company is not successful in managing its inventory or working capital balances.
- Any non-compliance or delays in EPF Return Filings may expose us to penalties from the regulators.
- Some of its Group Company has incurred losses in the last three financial years.
- The sale of its products is concentrated in state of Uttar Pradesh. Any adverse developments affecting its customers operations in such region, could have an adverse impact on its business, financial condition, results of operations and cash flows.
- Its Manufacturing facility and Corporate Office is not owned by the company.
- The company is required to obtain certain approvals and licenses as part of its regular business operations and must comply with various rules and regulations. Any failures to secure, retain, or renew these approvals and licenses, or to adhere to these rules and regulations, could have a negative impact on its operations.
- Any failures of its information technology systems could adversely affect its business and the company operations.
- The company is required to obtain certain approvals and licenses as part of its regular business operations and must comply with various rules and regulations. Any failures to secure, retain, or renew these approvals and licenses, or to adhere to these rules and regulations, could have a negative impact on its operations.
- Relevant copies of educational qualifications proof and experience proof of some of its Directors, Promoters are not traceable.
- Its may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights
- Its operations could be adversely affected by strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with its employees.
- Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- The company is susceptible to risks relating to unionization of its employees employed by the company.
- The company has experienced negative cash flows from operations in the recent past, and its may have negative cash flows in the future.
- Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
- The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The Company is party to certain litigation and claims. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.
- Any non-compliance or delays in EPF Return Filings may expose its to penalties from the regulators.
- The company intend to utilise certain portion of the Net Proceeds for purchase of plant and machinery for setting up a new manufacturing facility. The company is yet to place orders for some of the machinery.
- There have been instances of delays of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC.
- Its Promoters and Directors have provided personal guarantees for financing facilities availed by the Company and may in the future provide additional guarantees and any failures or default by the Company to repay such facilities in accordance with the terms and conditions of the financing agreements could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters and Directors and thereby, adversely impact the company business and operations.
- Its Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- The average cost of acquisition of Equity Shares by our Promoters could be lower than the Issue price.
- Its individual Promoters plays key role in the company functioning and its heavily relies on their knowledge and experience in operating its business and therefore, it is critical for its business that its Promoter and Executive Directors remain associated with it. The company success also depends upon the services of its key managerial personnel and its ability to attract and retain key managerial personnel and its inability to attract them may affect its operations.
- Relevant copies of educational qualifications proof and experience proof of some of its Directors, Promoters are not traceable.
- Its Promoters and Executive Directors hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The Objects of the Issue for which funds are being raised are based on its management estimates and the same have not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled "Objects of the Issue".
- The company has issued shares at a price which may be lower than the issue price in preceding one year.
- Its ability to pay any dividends will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Industry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
- Certain data mentioned in this Red Herring Prospectus has not been independently verified.
The Issue type of Sacheerome Ltd is Book Building - SME.
The minimum application for shares of Sacheerome Ltd is 1200.
The total shares issue of Sacheerome Ltd is 6040800.
Initial public issue of up to 60,40,800* equity shares of face value of Rs. 10/- each ("Equity Shares") of Sacheerome Limited (the "Company" or "SL" or "Issuer") at an issue price of Rs. 102 per equity share (Including a Share Premium of
Rs. 92 per Equity Share) for cash, Aggregating up to Rs. 61.62 crores ("Public Issue") out of which upto 3,02,400 equity shares of face value of Rs. 10/- each, at an issue price of
Rs. 102 per equity share for cash, aggregating Rs. 3.09 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of upto 57,38,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 102 per equity share for cash, Aggregating up to Rs. 58.53 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27% and 25.65% respectively of the post- issue paid-up equity share capital of the company.
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