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    Sedemac Mechatronics IPO subscribed 27% on Day 1 - Check GMP

    Sedemac Mechatronics IPO allotment is expected by March 9, while share listing is proposed on March 11.

    Paras Bisht
    March 04, 2026 / 17:04 IST
    Sedemac Mechatronics IPO opens for subscription.
    Snapshot AI
    • Sedemac Mechatronics IPO subscribed 1 percent on opening day, so far.
    • Anchor investors include Abu Dhabi Investment Authority, ICICI MF.
    • IPO closes March 6; listing expected on March 11.

    Sedemac Mechatronics initial public offer (IPO) got subscribed 27 percent in the primary market after the Rs 1,087-crore issue opened for subscription on Wednesday.

    Qualified Institutional Buyers(QIBs) portion got subscribed 87 percent. The non institutional investors (NII) part got booked 1 percent, while retail individual investors(RIIs) quota got subscribed 3 percent.

    Shares of the company were commanding a flat GMP in the unofficial market.

    The powertrain controls and auto parts manufacturer earlier garnered Rs 326 crore from anchor investors, including domestic mutual funds, insurance companies and foreign institutional investors.

    Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund (MF), Nippon India MF, Tata MF, HDFC MF, SBI MF and 3PIM India Equity (IFSC) Fund are among the anchor investors, according to a circular uploaded on BSE's website.

    Check All IPO News

    The initial share-sale will conclude on March 6. The price band has been fixed at Rs 1,287 to Rs 1,352 per share, valuing the company at close to Rs 6,000 crore at the higher end.

    Pune-based Sedemac Mechatronics is a supplier of control-intensive, critical-to-the-application electronic control units (ECU) to original equipment manufacturers (OEM) in the mobility and industrial markets in India, the US, and Europe.

    It develops, designs and manufactures sensor-less commutation-based integrated starter generators ECUs for two-wheeler and three-wheeler internal combustion engine-powered vehicles.

    The company's customers included TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs and Stratton LLC, and DEIF India.

    Sedemac Mechatronics IPO allotment is expected by March 9, while share listing is proposed on March 11.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Paras Bisht
    Paras Bisht A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.
    first published: Mar 4, 2026 11:09 am

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