Sedemac Mechatronics IPO Day 2: Subscription Status and Key Highlights Sedemac Mechatronics’ initial public offering (IPO) entered its second day of subscription on March 5, 2026, with the application window remaining open until March 6. The final allotment of shares is expected on March 9, and the company is set to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on March 11. The IPO is a book-built offering aggregating ₹1,087.45 crore, entirely comprising an offer for sale (OFS) of 0.80 crore shares. The price band for the issue has been set at ₹1,287 to ₹1,352 per share, with a minimum lot size of 11 shares. Retail investors must commit a minimum of ₹14,157 to participate. The lead managers for the IPO are ICICI Securities, Avendus Capital, and Axis Capital, while MUFG Intime India serves as the registrar. The company’s product portfolio includes electronic control units (ECUs) designed for complex systems in real-time applications. These components are critical for managing equipment in industries such as automotive and industrial electronics. Sedemac specializes in sensorless commutation (SLC)-based integrated starter generator (ISG) ECUs for two- and three-wheelers powered by internal combustion engines. It also provides generator controllers (GCs) equipped with integrated electronic governing (eGov) technology. On the second day of subscription, the Grey Market Premium (GMP) for Sedemac Mechatronics shares was reported at ₹60, reflecting a 4.44% premium over the upper end of the price band. This indicates strong investor interest ahead of the final allotment. Sedemac Mechatronics Ltd, based in Pune, was founded in 2007 by Professor Shashikanth Suryanarayanan and former IIT Bombay students.#sedemac_mechatronics #icici_securities #avendus_capital #axis_capital #mufg_intime_india
