Sedemac Mechatronics IPO fully subscribed in just 2 days
Sedemac Mechatronics, a Pune-based maker of smart automotive electronics, saw its IPO snapped up fast, getting bids for over 1.5 crore shares versus just 56 lakh available.
The IPO opened March 4 with shares priced between ₹1,287 and ₹1,352.
GMP indicates likely listing at slight discount to upper band
Qualified Institutional Buyers (QIBs) were reported at 8.46x on the final day. Non-institutional and retail investors were less aggressive but still active. Even Sedemac employees got in on the action.
However, the gray market premium dropped from ₹55 to minus ₹18 in two days, hinting at a possible listing price slightly below the top range.
Revenue hit ₹658 crore in FY25
Founding year not stated in source (verify before publishing), Sedemac builds control units and genset controllers for car and industrial brands across India, the US and Europe, working with names like TVS Motor and Bajaj Auto.
Revenue for FY25 not provided in source (verify before publishing); the year-on-year percentage change is not specified, with profits not provided in source (verify before publishing).
Share allotment expected March 9
This IPO is a full offer-for-sale by existing promoters and investors: no new shares are being issued.
At the highest price band, Sedemac is valued at about ₹5,971 crore.
Share allotment happens March 9; listing is expected on BSE and NSE by March 11.