SEDEMAC Mechatronics IPO GMP Today Recovers; Issue Booked 0.51x on Day 3 So Far; Should You Subscribe?

SEDEMAC Mechatronics IPO GMP Today: SEDEMAC Mechatronics initial public offering (IPO) was subscribed around 51x in the first half of day 3, ie on Friday, March 6. SEDEMAC Mechatronics IPO GMP Today (grey market premium) saw some recovery after seeing a sharp decline on Thursday.

For primary market investors who are closely tracking the IPO, here are all the details related to SEDEMAC Mechatronics IPO.

SEDEMAC Mechatronics IPO Subscription

SEDEMAC Mechatronics IPO Day 3 subscription was recorded at 0.51 times till 11 am, according to Chittorgarh.com. The IPO was subscribed 0.12 times in the retail category, 1.36 times in the QIB (ex-anchor) category, and 0.28 times in the NII category by March 6.

The issue was subscribed to around 0.27 times on day 1 and 0.46 times on day 2. SEDEMAC Mecharonics IPO is seeing weak participation from retail investors.

SEDEMAC Mechatronics IPO GMP Today

The SEDEMAC Mechatronics IPO GMP today stood at Rs 2, indicating the IPO listing at Rs 1354 per share (which is the sum of IPO GMP today and the IPO's issue price band), as per investorgan.com. According to the website, SEDEMAC Mechatronics IPO GMP fell to Rs -5 on Thursday, March 5. Investors must note that an IPO GMP indicates its demand in the unregulated market and is not a reliable way to predict its listing day performance.

SEDEMAC Mechatronics IPO Details

The mainboard IPO is a bookbuild issue of Rs 1,087.45 crore and is an entirely offer for sale IPO. The company has fixed IPO price band at Rs 1,287 to Rs 1,352 per share. The lot size for an application is 11 and the minimum amount of investment for retail investors is Rs 14,872.

SEDEMAC Mechatronics IPO: Should You Subscribe?

The Pune-based IT firm has a specialisation in design, manufacture and supply of advanced, control‑intensive Electronic Control Units (ECUs). These units are used for mobility and industrial applications. The company is a dominant player in the industry, especially in the Tier 1 regions. Its strong market position and focus on strong research and development (R&D) will likely help SEDEMAC Mechatronics in generating strong revenue.

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