- By Aditya Pratap Singh
- Fri, 06 Mar 2026 11:47 AM (IST)
- Source:JND
SEDEMAC Mechatronics IPO GMP remained flat on March 6 as the Rs 1,087.45 crores Initial Public Offering (IPO) struggled to attract bidders. The IPO has been subscribed to only 51 per cent till the time of writing on the third and final day of bidding, indicating a tepi gain on the listing date.
Meanwhile, according to Investorgain, the grey market premium for the SDEMAC Mechatronics IPO is Rs 2 as the shares were trading at Rs 1,354 as compared to Rs 1,352-- the upper limit of the price band-- in the unofficial market.
SEDEMAC Mechatronics IPO Subscription Status
According to NSE Data, the initial share sale was subscribed 0.51 times or 51 per cent till 11:09 Am on March 6, the final day of subscription. Qualified Institutional Buyers Quota (1.36 times) and employees quota (2.07 times) were fully subscribed. While shares reserved for Retail Individual Investors and Non-Institutional Investors were partially subscribed at 0.12 and 0.28 times, respectively.
SEDEMAC IPO Details--Listing Date, Price Band And Other Details
The book-build share sale of Pune based company was opened for subscription on March 4, and it will close on March 6. The Rs 1,087.45 crore IPO is an entirely offer for sale, meaning the proceeds of the share sale would not go to the company but to existing shareholders, who are offloading their stakes.
Once the subscription period is over, the share allotment is expected to be finalised on March 9, and then the SEDEMAC Mechatronics shares will list on exchanges--NSE and BSE on March 11.
The price band for the IPO was fixed at Rs 1,287 to Rs 1,352, and investors have to buy a lot of 11 shares to place a bid.