Sacheerome’s SME IPO is set for listing on June 16. The IPO saw massive oversubscription across all investor categories. The price was fixed at Rs 102 per share. The company plans to use the funds for a new manufacturing unit. Sacheerome specializes in fragrances and flavors for the FMCG sector. The company reported strong revenue and profit growth for FY25.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.