SEDEMAC Mechatronics IPO Update: 46% Subscription Achieved on Day Three

SEDEMAC Mechatronics IPO Update: Day 3

IPO Details

• SEDEMAC Mechatronics, a producer of auto components and powertrain controls, began its public subscription on March 4 and will conclude on March 6.
• The IPO price band has been set at ₹1,287 to ₹1,352, valuing the company at approximately ₹6,000 crore at the upper end.
• The company secured ₹326 crore from anchor investors before the public offering.

Financial Performance

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• As of June 30, 2025, SEDEMAC Mechatronics reported ₹217.35 crore in revenue and ₹17.07 crore in profit after tax (PAT).
• For the 2025 fiscal year, the company achieved ₹658.36 crore in revenue and ₹47.04 crore in PAT.

Grey Market Premium (GMP) and Listing Price

• The current GMP is -5, indicating a trend towards a discount.
• The estimated listing price is ₹1,347 per share, which is 0.37% lower than the IPO price of ₹1,352.

IPO Structure

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• The SEDEMAC Mechatronics IPO features an offer for sale (OFS) of up to 80,43,300 equity shares by promoters and other selling stakeholders.
• The book-running lead managers are ICICI Securities, Avendus Capital, and Axis Capital.
• MUFG Intime India Pvt. Ltd serves as the registrar for the issue.

Brokerage Recommendations

• SBI Securities recommends SUBSCRIBING to the offering for long-term benefits.
• Anand Rathi Research rates the IPO as "Subscribe – Long Term".
• Swastika Investmart advises caution due to high valuation and the need for earnings reliability.
• Sushil Finance suggests approaching the investment with caution due to unique risks and high valuations.

Subscription Status

• As of Day 2, the subscription status was 46%, with the retail portion subscribed at 9% and the NII portion booked at 25%.