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.
MCX shares gain 3%, surge 12% in just 5 sessions. What’s behind the sharp rally?
MCX shares rose sharply on Wednesday, extending a five-day rally with total gains of 12%. The surge is driven by rising commodity prices and higher