SEDEMAC Mech IPO Listing Report

Listing Date: Wednesday, March 10

Stock Exchanges: BSE and NSE

IPO Background

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SEDEMAC Mech, a Pune-based company operating in the mobility and industrial technology sector, is set to make its stock market debut on March 10. The company designs and supplies control-intensive electronic control units (ECUs) to original equipment manufacturers (OEMs) across India, the US, and Europe.

IPO Details

• Price Band: ₹1,287 to ₹1,352 per share
• Issue Size: 56.32 lakh shares
• Allotment Date: Monday, March 9
• Subscription Status: 2.68 times subscribed overall, with QIBs attracting strong demand at 8.46 times subscription

Grey Market Trends

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• Grey Market Premium (GMP): ₹85
• Estimated Listing Price: ₹1,437 (6.29% higher than the IPO price)
• GMP Range: ₹-30 to ₹130

IPO Subscription Breakdown

• Retail Investor Segment: 0.20 times subscribed
• Non-Institutional Investor (NII) Portion: 0.77 times subscribed
• Qualified Institutional Buyers (QIBs): 8.46 times subscribed
• Employee Quota: 2.95 times subscribed

IPO Management

The IPO is being managed by ICICI Securities, Avendus Capital, and Axis Capital, which are acting as the book-running lead managers for the issue.