SEDEMAC Mechatronics IPO Receives Tepid Response on First Day, Subscribed at 0.27 Times

SEDEMAC Mechatronics IPO Receives Modest Response

The initial public offering (IPO) of SEDEMAC Mechatronics, an auto ancillary company, received a modest response from investors on its opening day, March 04. The issue was subscribed to 0.27 times, with 15.01 lakh shares bid for against the 56.32 lakh shares on offer.

Key Subscription Figures

• Retail Portion: Subscribed 0.03 times
• Non-Institutional Investors (NIIs): Subscribed 0.01 times
• Qualified Institutional Buyers (QIBs): Subscribed 0.87 times
• Employee Segment: Subscribed 0.59 times

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IPO Details

• Issue Size: ₹1,087.45 crore
• Offer for Sale (OFS): 0.80 crore shares
• Price Band: ₹1,287 - ₹1,352 per share
• Investors: A91 Emerging Fund II LLP, NRJN Family Trust, Xponentia Capital Partners, Mace Pvt Ltd, 360 One Group, and HDFC Life Insurance Company

Issue Allocation

• Qualified Institutional Buyers (QIBs): 50%
• Retail Investors: 35%
• Non-Institutional Investors (NIIs): 15%

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Share Allocation

• Minimum Lot Size: 11 shares
• Minimum Investment: ₹14,872
• Maximum Lots: 13

Listing Details

• Allotment: Scheduled to be finalised on March 06
• Listing Date: Tentative listing date of Monday, March 11 on both the BSE and NSE

About SEDEMAC Mechatronics

SEDEMAC Mechatronics is a supplier of control-intensive electronic control units to leading original equipment manufacturers (OEMs) in the mobility and industrial markets in India, the United States, and Europe. Its revenue is attributed to products that incorporate novel control technologies conceived and developed in-house, enabling proprietary solutions that provide distinct value to end-users and OEM customers. The company's customers include TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs & Stratton LLC, and DEIF India.