The Sedemac Mechatronics IPO drew steady attention from investors as bidding moved into its final hours. By early afternoon on the last day of subscription, the public issue had already secured 78% subscription, reflecting a measured response from the market.
The IPO, which opened earlier this week, will close for bidding on Friday, marking the end of the three-day subscription window. While institutional investors stepped in strongly, participation from other categories remained moderate at the time of the latest data update.
For investors tracking the Sedemac Mechatronics IPO, the numbers offer a snapshot of how different investor groups reacted to the offer.
Market Performance of Sedemac Mechatronics IPO
As of 12:20 pm on the final day, the Sedemac Mechatronics IPO had received bids for 44.07 lakh shares.
This was against 56.32 lakh shares available for subscription.
That translates to an overall subscription of 78% so far.
The participation across investor categories showed a clear difference in demand levels.
Subscription details by category:
- Qualified Institutional Buyers (QIBs): 2.26 times subscription
- Non-Institutional Investors (NIIs): 32% subscription
- Retail Individual Investors (RIIs): 12% subscription
The figures highlight strong participation from institutional investors, while retail and non-institutional segments were still catching up during the final hours of bidding.
Anchor Investment Before IPO Opening
Before the public issue opened for subscription, Sedemac Mechatronics raised ₹326 crore from anchor investors.
Anchor investors typically participate before the IPO opens to the public. Their participation helps provide early capital to the company and often sets the tone for the public subscription phase.
In the case of the Sedemac Mechatronics IPO, this anchor round was completed ahead of the bidding process.
Sedemac Mechatronics IPO Size and Price Band
The Sedemac Mechatronics IPO is structured as a ₹1,087-crore initial public offering.
The company has set a price band of ₹1,287 to ₹1,352 per share.
At the top end of the price band, the company’s valuation comes close to ₹6,000 crore.
Key IPO Details
- Total IPO size: ₹1,087 crore
- Price band: ₹1,287 – ₹1,352 per share
- Shares offered: 56.32 lakh
- Bids received so far: 44.07 lakh
- Overall subscription: 78%
- Anchor investment raised: ₹326 crore
These figures outline the financial structure of the public issue and the scale of capital being raised.
Company Details: Sedemac Mechatronics
Sedemac Mechatronics is based in Pune and operates in the automotive technology space.
The company focuses on supplying electronic control units (ECUs) that are used in powertrain control systems.
These components are vital for vehicle performance, as they manage complex control functions within the engine and several other critical systems.
Sedemac Mechatronics supplies these products to original equipment manufacturers (OEMs) operating in mobility and industrial markets.
The company serves clients across India, the United States, and Europe, highlighting its presence in multiple global markets.
Key Customers
Some of the companies that source products from Sedemac Mechatronics include:
- TVS Motor Company
- Bajaj Auto
- Kirloskar Oil Engines
- Briggs and Stratton LLC
- DEIF India
These companies operate in sectors such as automotive manufacturing, industrial equipment, and engine systems.
Sedemac Mechatronics IPO Timeline
Investors tracking the Sedemac Mechatronics IPO timeline should note the following key dates associated with the public issue.
- IPO closing date: Friday
- Expected share allotment: March 9
- Proposed listing date: March 11
The shares are scheduled to be listed on the stock exchanges after the allotment process is completed.
Summary
The Sedemac Mechatronics IPO recorded 78% subscription by early afternoon on its final day of bidding. Institutional investors led the participation, with the QIB category subscribed 2.26 times.
The public issue aims to raise ₹1,087 crore, with the price band set between ₹1,287 and ₹1,352 per share. Prior to the opening of the IPO, the company had already secured ₹326 crore from anchor investors.
Based in Pune, Sedemac Mechatronics supplies electronic control units used in powertrain control systems to manufacturers in the mobility and industrial sectors. Its client base includes companies such as TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs and Stratton LLC, and DEIF India.
The share allotment is expected by March 9, while the company plans to list its shares on March 11.
Source: Moneycontrol
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