06-03-2026
SEDEMAC Mechatronics IPO Day 3 update as subscription reaches 46% with latest GMP trends
The ₹6,000 crore IPO is open from March 4 to March 6. The company has raised ₹326 crore from anchor investors. Despite a grey market discount, analysts suggest long-term investors may consider the issue due to strong expected revenue growth.
SEDEMAC Mechatronics IPO opened for subscription on March 4 and will close on March 6, with a price band of ₹1,287 to ₹1,352 per share, valuing the company at around ₹6,000 crore at the upper band. The IPO is entirely an offer for sale of up to 80,43,300 equity shares by promoters and other investors, so the company will not receive any proceeds from the issue. The Pune-based company designs and manufactures electronic control units (ECUs) used in automotive and industrial applications and supplies its products to major OEM clients across India and global markets. Ahead of the public issue, the company raised ₹326 crore from anchor investors including Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, HDFC Mutual Fund and SBI Mutual Fund. Financially, the company reported revenue of ₹658.36 crore and a profit after tax of ₹47.04 crore in FY25. The latest grey market premium (GMP) is around ₹4, indicating an estimated listing price of about ₹1,356 per share compared with the upper issue price of ₹1,352..