SEDEMAC Mechatronics IPO GMP Today Crashes On Day 2; Issue Booked 0.29x So Far: Should You Subscribe?

SEDEMAC Mechatronics IPO GMP Today: The initial public offering (IPO) of SEDEMAC Mechatronics is experiencing a lukewarm response, especially among retail investors, on day 2, Thursday, March 5, of its subscription. The IPO GMP today (grey market premium on Thursday) showed a sharp decline on the second day of its subscription.

For primary market investors who are closely tracking the mainboard IPO, its GMP and other details, here is all the information you need to know about SEDEMAC Mechatronics IPO.

SEDEMAC Mechatronics IPO Day 2 Subscription Status

SEDEMAC Mechatronics IPO was subscribed around 0.29 times till 12:44 pm on Thursday, March 5, according to Chittorgarh.com. The IPO's subscription status stood at 0.06 times in the retail category, 0.87 times in the QIB category, and 0.06 times in the NII Category, at 12:44 pm, as per the website.

SEDEMAC Mechatronics IPO GMP Today

SEDEMAC Mechatronics IPO GMP today stood at Rs 20, indicating a listing at Rs 1372 per share (which is the sum of IPO GMP Today and issue price), as per investorgain.com. The company's IPO GMP Today stood at Rs 55 on March 4.

SEDEMAC Mechatronics IPO GMP Today: Should You Subscribe to the IPO?

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.

SBI Securities in its IPO Note recommended to 'Subscribe' SEDEMAC Mechatronics for 'Long-Term'. However, IPO investors are unlikely to get any short-term gain from SEDEMAC IPO.

"At the upper price band of the issue price of Rs 1,352, the stock is valued at 62.6x FY26E P/E on annualised basis. We recommend investorsto SUBSCRIBE to the issue for long term. Listing/short term gains are unlikely," noted SBI Securities in its note, released earlier this week.

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.

The IPO opened for subscription on Wednesday, March 4, and will close on Friday, March 6. The allotment is likely to be on March 9 and listing is expected on March 11.