Kolkata: Till the end of the second day of the bidding process, SEDEMAC Mechatronics IPO attract 0.46 times subscription overall — 0.09 times in the retail category, 1.27 times in QIB category and 0.25 times in the NII category. At the end of the first day of the bidding process, SEDEMAC Mechatronics IPO was subscribed 0.27 times overall — 0.03 times in the retail category, 0.87 times in QIB segment and 0.01 times in the NII category. The QIB subscription is significant since banks and mutual funds and similar bodies are categorised as QIB. They have the deep pockets and analytical skills to understand the nuances of any IPO. Also SBI Securities has recommended subscription for long-term investors and has virtually ruled out significant listing gains.

SEDEMAC Mechatronics IPO GMP

The SEDEMAC Mechatronics IPO GMP is displaying some rare movements indeed. It was n he negative zone before the IPO opened. Then on he first day of the bidding process it jumped to Rs 55-60 range where it was in early hours of March 5. But then again it slumped back to the negative territory. According to investorgain, SEDEMAC Mechatronics IPO GMP in early morning of March 6 stood at (-) Rs 5. The estimated listing price is Rs 1,347 at this level of GMP. However, it must be mentioned that GMP is an unofficial indicators that can be extremely volatile and cannot guarantee any listing gain (or loss).

SEDEMAC Mechatronics IPO price band, lot size

SEDEMAC Mechatronics IPO price band is fixed at Rs 1,287-1,352. The minimum investible lot for a retail investor is 11 shares which calls for an application money of Rs 14,872 based on upper price. ICICI Securities is the book running lead manager and MUFG Intime India is the registrar of the issue.

SEDEMAC Mechatronics IPO important dates

Bid closes: Today, March 6
Allotment: March 9
Refund: March 10
Credit of shares: March 10
Listing: March 11

SEDEMAC Mechatronics business

The Pune-based company designs, develops, and manufactures control-intensive Electronic Control Units (EC) for two-wheelers, three-wheelers, EVs, light commercial vehicles, and gensets. It boasts of a wide array of products such as ISG ECUs, EFI ECUs, ISG+EFI ECUs, EV motor controllers, and genset control units. The company has business in India apart from the US and Europe. TVS Motor is its largest customer, while formidable brands such as Hero MotoCorp, Bajaj Auto, Mahindra, Kirloskar Oil Engines, and Generac also feature on the client list of the company.

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