The initial public offering (IPO) of Sedemac Mechatronics closed with an overall subscription of 2.68 times, receiving a moderate response from investors across categories.
The ₹1,087-crore IPO was structured entirely as an offer for sale (OFS), where promoters and existing shareholders sold around 80.43 lakh equity shares. Since it was an OFS, the company itself will not receive any proceeds from the issue, and the funds will go to the selling shareholders.
The price band for the issue was fixed at ₹1,287 to ₹1,352 per share. Investors were required to apply for a minimum lot of 11 shares.
Among the different investor categories, qualified institutional buyers (QIBs) showed the strongest interest in the issue. The portion reserved for institutional investors was subscribed about 8.46 times, reflecting strong participation from large investors such as mutual funds and financial institutions.
In comparison, participation from other investor categories remained relatively lower. The non-institutional investor (NII) segment, which includes high-net-worth individuals, was subscribed around 0.77 times. Meanwhile, the portion reserved for retail investors saw a subscription of about 0.20 times.
Overall, the IPO received bids for approximately 15.11 million shares against the 5.63 million shares offered. Market analysts noted that demand was largely driven by institutional investors, while retail participation remained limited.
Based in Pune, Sedemac Mechatronics develops advanced electronic control solutions used in the automotive industry. The company designs systems that help manage engine performance and other vehicle functions, supplying technology to automobile manufacturers.
The share allotment for the IPO is expected to be finalised shortly, after which the company’s shares are likely to be listed on the National Stock Exchange of India and the BSE.
Market experts said the subscription level indicates a balanced response to the issue. While institutional investors showed strong confidence in the company’s business model and growth prospects, participation from retail investors was comparatively subdued.
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