New Delhi, June 16. Sachérom Fragrances and Flavors, a company producing fragrances and various flavors, delightfully pleased its IPO investors today with a robust entry into the stock market. The company’s shares were issued at a price of 102 rupees under the IPO.
Today, the entry on the NSE SME platform was at a level of 153 rupees with a 50 percent premium. After the listing, the shares faced selling pressure and dropped to 145.35 rupees, but soon buying began again, and the price quickly rose. Amid continuous buying and selling in the market, the company’s shares were trading at 156.10 rupees as of 10:30 AM. Thus far, the IPO investors have made a profit of about 53.04
