The initial public offering (IPO) of SEDEMAC Mechatronics Ltd., a Pune-based technology company, is scheduled to close for subscription on March 6. Ahead of its listing, investors are closely watching the grey market premium trends to gauge market sentiment towards the mainboard issue, which has declined since the IPO opened for subscription on March 4.
The latest grey market premium suggests a discounted listing with shares expected to debut at Rs 1347, a potential loss of 0.37%.
The IPO has been booked 0.47 times so far on Friday, with investors bidding for 26,60,042 shares against the 56,32,899 shares on offer.
Here's all you need to know about the mainboard IPO of SEDEMAC Mechatronics
SEDEMAC Mechatronics IPO GMP Today
The grey market premium (GMP) for the SEDEMAC Mechatronics IPO was Rs -5 on March 6, lower than the upper limit of the issue price. The latest GMP indicates an estimated listing price of Rs 1,347 per share, compared to the upper limit of the issue price of Rs 1,352.
Note: GMP does not represent official data and is based on speculation.
SEDEMAC Mechatronics IPO Details
SEDEMAC Mechatronics IPO is a book-building issue worth Rs 1,087.45 crore. The IPO is entirely an Offer-for-Sale (OFS) of 80 lakh shares. The price band for the IPO has been set at Rs 1,287 to Rs 1,352 per share.
Retail investors can apply for at least a single lot size of 11 shares, requiring a minimum investment of Rs 14,872 at the upper limit of the price band. For small Non-Institutional Investors (NIIs), the bid size is 14 lots (154 shares), translating to a minimum investment of Rs 2,08,208. For big NIIs, the application size is 68 lots (748 shares), costing Rs 10,11,296.
ICICI Securities Ltd. is the book-running lead manager for the IPO, and MUFG Intime India Pvt. Ltd. is the registrar for this issue.
The IPO was subscribed 0.46 times on Thursday with investors bidding for 26,05,218 shares against the 56,32,899 shares on offer.
QIB led the subscription with 1.27 times, followed by non-institutional investors who subscribed 0.25 times. Retail participation saw a muted response, with only 0.09 times the subscription.
SEDEMAC Mechatronics IPO Allotment And Listing Date
The SEDEMAC Mechatronics IPO allotment status is expected to be finalised on March 9. The company will initiate refunds and transfer shares to the Demat accounts on March 10.
The company's shares will be listed on the NSE and BSE on March 11.
SEDEMAC Mechatronics IPO: Business, Financials
Incorporated in 2007, SEDEMAC Mechatronics Ltd. is a Pune-based technology company. It makes control electronics, including powertrain controllers, motor control products and integrated starter-generator solutions for automotive and industrial use.
For the financial year ended March 2025, SEDEMAC Mechatronics reported a total income of Rs 663 crore, up from Rs 536 crore in 2024. The company's profit after tax (PAT) surged multi-fold to Rs 47 crore in FY25, compared to Rs 5.88 crore in the previous financial year. Ebitda also increased to Rs 125 crore in FY25, up from Rs 83 crore in FY24.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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