What is the current status of the Sedemac Mechatronics IPO?

The Sedemac Mechatronics IPO was fully subscribed on its final day, March 6, but is currently trading at a ₹18 discount in the grey market.

When is the listing date for Sedemac Mechatronics shares?

Sedemac Mechatronics shares are slated to list on the BSE and NSE on March 11.

Who are the key customers of Sedemac Mechatronics?

Sedemac Mechatronics supplies electronic control units to major automotive OEMs such as TVS Motor Company and Bajaj Auto.

Home / Business and Economy / Sedemac IPO Faces Discounted Trading Before Listing

Sedemac IPO Faces Discounted Trading Before Listing

6 Mar

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Summary

Sedemac Mechatronics IPO trades at a ₹18 discount in grey market.
The IPO was fully subscribed on its final day, March 6.
Sedemac supplies critical electronic control units to auto OEMs globally.

The IPO of Sedemac Mechatronics Ltd, a Pune-based manufacturer of powertrain controls, was fully subscribed on Friday, March 6, the final day for bidding. However, the grey market premium (GMP) indicated a discount, with shares trading at ₹18 below the offer price. This suggests a potential listing price of ₹1334, a 1.33% decrease from the offer. Qualified Institutional Buyers showed the strongest interest, bidding 8.46 times their allocated quota. The overall subscription rate reached 2.68 times the offered shares. The IPO is structured as a 100% offer-for-sale, with promoters and other shareholders divesting their stakes. Sedemac Mechatronics is a key supplier of electronic control units to automotive OEMs in India, the US, and Europe, serving clients like TVS Motor Company and Bajaj Auto. The company's shares are scheduled to list on the BSE and NSE on March 11.

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