The primary market will see Sedemac Mechatronics Rs 1,087 crore IPO open next week, while nine companies line up for listings across mainboard and SME platforms. Muted grey market premiums and selective investor interest reflect cautious sentiment despite healthy subscription levels.
IPO Calendar: Primary market to see 1 new public offer, but 9 listings grab headlines next week
Synopsis
The primary market will see Sedemac Mechatronics’ Rs 1,087 crore IPO open next week, while nine companies line up for listings across mainboard and SME platforms. Muted grey market premiums and selective investor interest reflect cautious sentiment despite healthy subscription levels.
The primary market will see limited new openings next week, with just one company launching its public offer for subscription. However, as many as nine companies are scheduled to list across mainboard and SME platforms. The only new issue opening next week is the Rs 1,087 crore IPO of Sedemac Mechatronics. The offer, which is entirely an offer for sale, will open on March 4 and close on March 6. The price band is set at Rs 1,287-1,352 per share.
At the upper end, the company commands a pre-IPO market cap of around Rs 5,971 crore. The minimum retail investment stands at Rs 14,872 for one lot of 11 shares.
Sedemac, a Pune-based technology company incorporated in 2007, designs and manufactures control electronics for automotive and industrial applications. It is known for its sensorless commutation-based integrated starter generator ECU technology for two- and three-wheelers.
The company has shown steady financial growth, with total income rising to Rs 775 crore for the nine months ended December 2025, and profit after tax at Rs 71 crore.
Since the issue is entirely an OFS, the proceeds will go to selling shareholders and not to the company. Market participants will closely track grey market activity and anchor participation to gauge investor appetite, especially given the mixed sentiment seen in recent listings.
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Listings to dominate the week
While fresh fundraising activity is muted, listings will drive the action. Clean Max Enviro Energy Solutions, which barely scraped through with just about full subscription on the final day due to institutional support, is scheduled to debut. Its grey market premium is currently negative, suggesting a cautious listing.
Shree Ram Twistex, which was subscribed nearly 44 times, enters the market with strong retail and NII participation. However, its GMP is flat at 0%, indicating expectations of a listing close to the issue price.
PNGS Reva Diamond Jewellery, subscribed 1.3 times overall, is also trading at a negative GMP, hinting at limited listing gains. Omnitech Engineering, with 1.2 times subscription, carries a flat grey market signal.
On the SME side, Yaap Digital, Accord Transformer, Mobilise App, Kaisa Retail and Striders Impex will make their debuts. Among these, only Accord Transformer is showing a decent GMP of around 9% over its issue price, suggesting relatively better listing interest. The others are either flat or weak in the unofficial market.
This reflects a cautious primary market. High subscription levels are no longer automatically translating into strong grey market premiums. Investors appear selective, focusing on fundamentals, valuations and sector outlook rather than chasing every issue.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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