Sacheerome IPO opened to strong demand, receiving a 2.35 times overall subscription on Day 1, led by robust retail participation at 3.68 times. The Rs 61.62 crore issue is priced between Rs 96-102 per share, with a GMP of Rs 30, indicating a 29% premium. The IPO closes on June 11, backed by exports to the Middle East and Africa.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets