Sedemac mechatronics ipo gmp

What is the current status of the Sedemac Mechatronics IPO?

The Sedemac Mechatronics IPO has raised questions regarding its market performance, particularly with a current GMP of -5. This indicates a negative sentiment among investors as the public subscription period continues.

As of now, the IPO price band is set between ₹1,287 and ₹1,352, with an estimated listing price of ₹1,347 per share. The company has successfully secured ₹326 crore from anchor investors prior to the IPO.

The IPO features an offer for sale (OFS) of up to 80,43,300 equity shares. As of the second day of subscription, the overall IPO subscription status stands at 46%, with the retail portion subscribed at 9% and the non-institutional investor (NII) portion booked at 25%. Qualified Institutional Buyers (QIBs) have shown stronger interest, with their portion receiving 1.27x bids.

Employees of Sedemac Mechatronics have demonstrated significant confidence in the company, subscribing for 93% of their allocated quota.

Financially, the company reported a revenue of ₹217.35 crore and a profit after tax (PAT) of ₹17.07 crore as of June 30, 2025. These figures provide a glimpse into the company’s operational health leading up to its public offering.

The IPO subscription opened on March 4 and is set to close on March 6, creating a tight window for potential investors to participate.

Despite the current negative GMP, the IPO has seen varied historical GMP figures, with the lowest recorded at ₹-17.00 and the highest at ₹130. This fluctuation highlights the uncertainty surrounding investor sentiment.

The book-running lead managers for this IPO are ICICI Securities, Avendus Capital, and Axis Capital, who are tasked with guiding the offering through its public phase.

Details remain unconfirmed regarding the final outcome of the IPO and its implications for Sedemac Mechatronics in the broader market context.