Archive · 11 Jun 2025
Sacheerome IPO Oversubscribed with GMP Surging Over 40%
Sacheerome Ltd.
is selling shares to the public through an IPO, which closed on June 11.
Many investors are interested in buying, as shown by the high subscription numbers.
This means there were many more people wanting to buy shares than there were shares available.
The price of shares in the grey market is higher than the IPO price, indicating strong demand.
The company will use the money raised to set up a new factory and for other business needs.
Shares are expected to start trading on June 16.
Sacheerome Ltd.'s IPO closed on June 11.
The IPO was oversubscribed 52.41 times by Day 3.
Grey Market Premium (GMP) surged to Rs 41, reflecting a potential 40.20% gain.
The price band was set at Rs 96 to Rs 102 per share.
Listing on NSE SME is expected on June 16.
- Who
- Sacheerome Ltd.
- What
- Initial Public Offering (IPO)
- When
- IPO closed on June 11, with allotment June 12, listing June 16 (tentative).
- Where
- NSE SME platform (listing)
- Why
- To raise capital for new factory and general corporate needs.
- IPO Price Range
- Rs 96 to Rs 102
- Grey Market Premium (GMP)
- Rs 41
- GMP Percentage
- 40.20%
- IPO Close Date
- June 11
- Overall Subscription (Day 3)
- 52.41 times
- Tentative Listing Date
- June 16
- Minimum Lot Size
- 1,200 shares
- Minimum Investment
- Rs 1,22,400
- IPO Size
- Rs 61.62 crore
Sources
Ganga Bath Fittings shares list at ₹59 on NSE SME, a premium of 20.4% from issue price
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