Fragrance and flavour maker Sacheerome will open its initial public offering for subscription next week on June 9. The offer will close on June 11.
It plans to raise Rs 61.62 crore via public issue of 60.4 lakh shares which comprises of entirely fresh issue with no offer-for-sale portion.
The price band for the book-building issue has been fixed at Rs 96-102 per share.
Sacheerome will launch its IPO anchor book on June 11. The IPO share allotment will get finalised by June 12. Investors can start trading in Sacheerome shares on the NSE Emerge effective June 16.
The company that looks for valuation of nearly Rs 230 crore intends to utilise IPO proceeds for setting up a new manufacturing facility, and general corporate purpose.
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The book running leading manager handling the Sacheerome IPO is GYR Capital Advisors.
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