SEDEMAC Mechatronics IPO Day 2: Issue subscribed 46%, QIBs lead amid tepid response

SEDEMAC Mechatronics IPO: The initial public offering (IPO) of SEDEMAC Mechatronics Limited has been witnessing tepid investor response and concluded the second day of its public bidding on Thursday, March 5, 2026, with the issue subscribed 46 per cent of the public offer, according to the provisional exchange data.

SEDEMAC Mechatronics IPO subscription status

At the end of the second day, the IPO had received bids for 26.05 lakh shares out of the net offer, resulting in a 0.46 times the overall subscription, with Qualified Institutional Buyers (QIBs) leading the bidding.

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• Qualified Institutional Buyers (QIBs) have booked 1.27 times, with 20.33 lakh shares bid out of the 16.07 lakh shares reserved.
• Non-Institutional Investors (NIIs) have subscribed 0.25 times, with 3.01 lakh shares bid out of 12.05 lakh reserved.
• Retail Individual Investors (RIIs) have booked 0.09 times with 2.58 lakh shares bid out of 28.12 lakh shares allotted.

SEDEMAC Mechatronics IPO details

The Rs 1,087 crore IPO is a book build issue consisting entirely of an offer for sale (OFS) of 0.80 crore shares.

SEDEMAC Mechatronics IPO price band and lot size

The price band for the IPO has been fixed at Rs 1,287 to Rs 1,352 per share. Investors can bid in lots of 11 shares. At the upper price band of Rs 1,352 per share, the minimum investment required for retail investors is Rs 14,872.

The issue also includes a reservation of up to 8,169 shares for eligible employees, who are being offered a Rs 128 per share discount to the issue price.

SEDEMAC Mechatronics IPO key dates

The public issue opened for bidding on March 4 and will remain open till March 6.

Allotment date: The allotment of shares is expected to be finalised on March 9, 2026.

Listing date: The company is scheduled to list on the BSE and NSE with a tentative listing date of March 11, 2026.

SEDEMAC Mechatronics IPO Lead Manager and Registrar

The book-running lead manager for the issue is ICICI Securities Ltd, while MUFG Intime India Pvt Ltd has been appointed as the registrar.

About SEDEMAC Mechatronics Ltd

Incorporated in 2007, SEDEMAC Mechatronics specialises in control electronics for automotive and industrial applications. The company supplies essential electronic control units (ECUs) to original equipment manufacturers (OEMs) across India, the United States, and Europe.

It designs and manufactures a wide range of products, including:

• Powertrain controllers
• Motor control products
• Sensorless commutation (SLC)-based integrated starter generators (ISG)
• Electronic control units (ECUs)
• Electric machines

The company is led by Managing Director Shashikant Suryanarayan and primarily caters to two-wheelers, three-wheelers and internal combustion engine (ICE) vehicles, offering sensor-less computation-based integrated starter generator (ISG) ECUs.