Sedemac Mechatronics IPO Issue Booked 2.60 Times On Day 3, But GMP Indicates Discount At Listing; Check Details

Sedemac Mechatronics’ initial public offering (IPO) is in its final day of issue window in the primary market. The IPO subscription window opened on March 4 and closed on March 6. The public issue has drawn firm demand from investors, with the issue being booked 2.60 times over the number of shares on offer. However, according to the grey market premium (GMP), the stock could be listed at a discount to the issue price on the exchanges. Sedemac Mechatronics IPO: Subscription Status Sedemac Mechatronics IPO has been subscribed 2.60 times over the issue size, with investors applying for around 14.75 million shares. Qualified institutional buyers (QIBs) led the demand, booking 8.30 times their quota, or applying for 13.32 million shares. Non-institutional investors (NIIs) applied for 73 per cent of their quota, booking for 883,806 shares so far. Larger NIIs have booked 85 per cent of their reserved quota, while smaller NIIs have booked 51 per cent of their quota so far. The share allotment is expected to be finalised on March 9, and the shares will tentatively list on the NSE and the BSE on March 11. Sedemac Mechatronics IPO: Offer Size, Price Band Sedemac Mechatronics IPO is a pure offer-for-sale (OFS) issue of 8 million shares worth Rs 1,087.45 crore. The issue price has been set at Rs 1,287-1,352 per share, with a minimum lot size of 11 shares. Retail investors had to invest Rs 14,872 at the upper end of the price band to apply for the issue. ICICI Securities is the book-running lead manager, while MUFG Intime India is the registrar of the issue. Sedemac Mechatronics IPO: GMP According to various websites tracking the GMP, the GMP is currently showing a discount of Rs 11 from the upper end of the issue price band. According to the latest GMP, shares of the company are expected to list at Rs 1,341 apiece, or 0.8 per cent lower on the exchanges. Sedemac Mechatronics IPO: Key Financials Sedemac Mechatronics reported their net profit at Rs 71.50 crore for the first nine months of the financial year 2025-2026. During the same period, the company posted its revenue from operations at Rs 770.66 crore. The company posted its net profit at Rs 47.05 core for FY25, with operating revenue of Rs 65.84 crore.