Sacheerome shares appreciate nearly 291 per cent since IPO
An investment of ₹1.22 lakh in the company's initial public offering has grown to approximately ₹4.79 lakh in 16 months, Mint reported.
Shares of NSE-listed SME company Sacheerome have seen an appreciation of nearly 291 per cent since its initial public offering (IPO), according to a report by Mint. An investor holding a minimum retail lot of 1,200 shares would see their initial ₹1,22,400 investment grow to ₹4,78,500 at the current market price of ₹398.75.
The company's IPO was open for subscription from 9 June to 11 June 2025, with an issue price of ₹102 per share. Sacheerome raised ₹61.62 crore through a fresh issue of 60.41 lakh equity shares and listed on the NSE SME platform on 16 June 2025.
During the first half of FY27, Sacheerome recorded a 9.84 per cent year-on-year increase in total income to ₹85.92 crore. The company's net profit grew 12.38 per cent to ₹16.79 crore during the same period, with an EBITDA of ₹23.69 crore.
Chairman and Managing Director Manoj Arora stated that the start of trial production at the new YEIDA facility in September 2026 was an important milestone for manufacturing capacity and research.
Technical Analyst Rajesh Bhosale of My Advisor Alpha noted that Sacheerome shares remain in a downtrend despite a broader market recovery. He said the stock is trading near its 200-day simple moving average of around ₹380 and warned that a break below this could lead to more selling.