Sedemac mechatronics ipo gmp
What is the current status of the Sedemac Mechatronics IPO?
The Sedemac Mechatronics IPO has raised significant interest, but it currently faces challenges with a GMP of -5. This raises questions about investor sentiment and the potential performance of the shares upon listing.
Key details of the IPO
The IPO price band is set between ₹1,287 and ₹1,352, with an estimated listing price of ₹1,347 per share. The company has already secured ₹326 crore from anchor investors prior to the public offering.
The offering includes an offer for sale (OFS) of up to 80,43,300 equity shares. Notably, Sedemac Mechatronics will not receive any proceeds from the IPO as it is entirely an OFS.
Financial performance
As of June 30, 2025, Sedemac Mechatronics reported a revenue of ₹217.35 crore and a profit after tax (PAT) of ₹17.07 crore. These figures provide a glimpse into the company’s financial health leading up to the IPO.
Subscription status
As of day two of the IPO, the overall subscription status stands at 46%. The retail portion has seen a subscription of 9%, while the non-institutional investors (NII) portion has booked 25%. The qualified institutional buyers (QIBs) portion has received bids of 1.27x.
Interestingly, employees of the company have shown strong support, subscribing to 93% of their allocated quota, indicating confidence in the company’s prospects.
The IPO is being managed by book-running lead managers ICICI Securities, Avendus Capital, and Axis Capital. The current market conditions and investor appetite will play a crucial role in determining the success of this offering.
Looking ahead
As the public subscription period continues until March 6, 2026, the market will be closely watching the final subscription numbers and any changes in the GMP. Details remain unconfirmed regarding how these factors will influence the final listing of Sedemac Mechatronics shares.
