What is the current status of the Sedemac Mechatronics IPO?
The Sedemac Mechatronics IPO has raised significant interest, but what does the current GMP indicate about its market performance? As of now, the IPO’s grey market premium (GMP) is recorded at -5, suggesting a lukewarm reception among investors.
Key Financials and Subscription Details
The IPO, which commenced on March 4 and will conclude on March 6, features a price band set between ₹1,287 and ₹1,352. The company has successfully secured ₹326 crore from anchor investors prior to the public offering. The IPO includes an offer for sale (OFS) of up to 80,43,300 equity shares.
As of June 30, 2025, Sedemac Mechatronics reported a revenue of ₹217.35 crore and a profit after tax (PAT) of ₹17.07 crore. The estimated listing price of the shares is around ₹1,347 apiece.
Subscription Status
On the second day of the IPO, the overall subscription status stood at 46%. Qualified institutional buyers have shown strong interest, booking 87% of the shares allocated to them. However, the retail portion has only been subscribed at 9%, while the non-institutional investor (NII) segment was booked at 25%. Employees of the company have demonstrated notable confidence, subscribing for 93% of their allocated quota.
Market Context and Future Outlook
The lowest GMP recorded for this IPO is ₹-17.00, while the highest stands at ₹130. The book-running lead managers overseeing this IPO are ICICI Securities, Avendus Capital, and Axis Capital. As the IPO progresses, the market will be keenly watching how these subscription figures evolve and what they may indicate for the company’s future performance.
Details remain unconfirmed regarding the final subscription numbers and their implications for the stock’s performance post-listing.
