Sedemac Mechatronics shares settle 7% higher on debut day; should you buy, sell or hold?

Sedemac Mechatronics share price: Stock lists at a premium on NSE, BSE.

• Sedemac Mechatronics listed at a premium on NSE and BSE.
• Analysts suggest partial profit booking for short-term investors.
• Company supplies ECUs to OEMs in India, US, and Europe.

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Sedemac Mechatronics shares settled 7 percent higher on the debut day on Wednesday at Rs 1,451.10 per share on the NSE

The stock listed at a decent premium on the exchanges, following a 2.68 times subscription in the primary market between March 4-6.

Shares of the powertrain controls and auto parts manufacturer company were listed at Rs 1,535 per share on the NSE, a premium of 13.54 percent. The Rs 1,087-crore issue had a price band of Rs 1,287-1,352 per share.

On the BSE, the shares of the company were listed at Rs 1,510 per share, a premium of 11.69 percent. Earlier, it garnered Rs 326 crore from anchor investors.

Sedemac Mechatronics shares were commanding a flat GMP in the unofficial market.

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Sedemac Mechatronics share listing: Should you buy, sell or hold?

Narendra Solanki, Head of Fundamental Research – Investment Services at Anand Rathi Shares and Stock Brokers, said investors with a long-term perspective may continue to hold the stock, while others could consider partial profit booking and retain the remaining position for the long term.

Sedemac Mechatronics share listing: Analysts recommend partial profit booking

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

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

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