SEDEMAC Mechatronics pulls-off surprise on market debut; shares list at 14% premium
SEDEMAC Mechatronics sold its shares in the price band of Rs 1,287-1,352 apiece, applied for a minimum of 11 shares and its multiples to raise Rs 1,087 crore between March 04-06.
- Mar 11, 2026,
- Updated Mar 11, 2026 9:53 AM IST
Shares of SEDEMAC Mechatronics made a surprising stock market debut on Wednesday, March 11 as the industrial solutions player was listed at Rs 1,535 on NSE, a premium of 13.54 per cent over its issue price of Rs 1,352. Similarly, the stock was listed with a premium of 11.69 per cent at Rs 1,310 on BSE. Investors made a profit of more than Rs 2,000 on each lot.
The listing of SEDEMAC Mechatronics has been above expectations. Ahead of debut, it was commanding no grey market premium (GMP), suggesting a flat listing for the investors. However, it was commanding a discount in the unofficial market during the bidding period, while its GMP jumped to Rs 90 and then fell to Rs 45-50 post allotment.
The IPO of SEDEMAC Mechatronics ran for subscription between March 04-March 06. The company had offered its shares in the price band of Rs 1,287-1,352 per share with a lot size of 11 shares. The company eyed to raise a total of Rs 1,097 crore via IPO, which was entirely an offer-for-sale (OFS) of up to 4,41,61,500 equity shares.
The issue was overall subscribed only 2.68 with only 34,400 applications, fetching bids for Rs 2,043 crore. The portion for qualified-institutional bidders (QIBs) was subscribed 8.46 times. The quotas for non-institutional investors (NIIs) and retail bidders were undersubscribed at 77 per cent and 20 per cent, respectively. However, the employee portion was booked 2.95 times.
Incorporated in 2007, Pune-based SEDEMAC Mechatronics is a technology company specializing in control electronics. It designs and manufactures powertrain controllers, motor control products, and integrated starter-generator solutions for automotive and industrial applications. It focuses on innovation through patented sensor-less motor control technology.
Brokerage firms were mostly positive on the issue on a long-term basis. ICICI Securities, Axis Capital and Avendus Capital are the book running lead managers of the SEDEMAC Mechatronics IPO and MUFG Intime India is the registrar of the issue.
Shares of SEDEMAC Mechatronics made a surprising stock market debut on Wednesday, March 11 as the industrial solutions player was listed at Rs 1,535 on NSE, a premium of 13.54 per cent over its issue price of Rs 1,352. Similarly, the stock was listed with a premium of 11.69 per cent at Rs 1,310 on BSE. Investors made a profit of more than Rs 2,000 on each lot.
The listing of SEDEMAC Mechatronics has been above expectations. Ahead of debut, it was commanding no grey market premium (GMP), suggesting a flat listing for the investors. However, it was commanding a discount in the unofficial market during the bidding period, while its GMP jumped to Rs 90 and then fell to Rs 45-50 post allotment.
The IPO of SEDEMAC Mechatronics ran for subscription between March 04-March 06. The company had offered its shares in the price band of Rs 1,287-1,352 per share with a lot size of 11 shares. The company eyed to raise a total of Rs 1,097 crore via IPO, which was entirely an offer-for-sale (OFS) of up to 4,41,61,500 equity shares.
The issue was overall subscribed only 2.68 with only 34,400 applications, fetching bids for Rs 2,043 crore. The portion for qualified-institutional bidders (QIBs) was subscribed 8.46 times. The quotas for non-institutional investors (NIIs) and retail bidders were undersubscribed at 77 per cent and 20 per cent, respectively. However, the employee portion was booked 2.95 times.
Incorporated in 2007, Pune-based SEDEMAC Mechatronics is a technology company specializing in control electronics. It designs and manufactures powertrain controllers, motor control products, and integrated starter-generator solutions for automotive and industrial applications. It focuses on innovation through patented sensor-less motor control technology.
Brokerage firms were mostly positive on the issue on a long-term basis. ICICI Securities, Axis Capital and Avendus Capital are the book running lead managers of the SEDEMAC Mechatronics IPO and MUFG Intime India is the registrar of the issue.