SEDEMAC IPO: Issue Subscribed 90% On Day 3 So Far

After seeing muted investor interest on the initial couple of days, interest for deeptech company SEDEMAC’s initial public offering (IPO) picked up on the last day of bidding. As of 13:21 IST, the issue received bids for 50.44 Lakh shares against 56.33 Lakh shares on offer, translating to a 90% subscription.

Qualified institutional buyers (QIB) have placed the highest number of bids till now, bidding for 41.99 Lakh shares against 16.07 Lakh shares on offer.

These investors have oversubscribed their quota by 2.61X as of now.

However, interest from non institutional investors (NIIs) and retail investors (RIIs) has remained muted in comparison till now. NIIs have subscribed their quota by 36% subscription, placing bids for 4.42 Lakh shares against 12.05 Lakh shares earmarked for these investors.

RIIs continued to be the least interested in the company’s public issue. Retail investors have placed bids for 3.92 Lakh shares out of 28.13 Lakh shares in their quota, resulting in a 14% subscription of their quota.

Meanwhile, SEDEMAC’s employees placed bids for 19,602 shares against 8,169 shares reserved for them, translating to 2.4X oversubscription.

With its IPO closing today, SEDEMAC would become the fifth startup to list on the bourses in 2026. New-age tech companies like Aye Finance, Fractal, Amagi and Shadowfax have made their public market debuts in the first two months this year.

Prior to opening its IPO, the company raised ₹325.89 Cr from anchor investors like HDFC Mutual Fund, ADIA, Goldman Sachs, Invesco, among others.

The company allotted 24.10 Lakh equity shares to anchor investors at ₹1,352 per share, the upper end of its IPO price band of ₹1,287 to ₹1,352.

SEDEMAC Mechatronics, which designs and manufactures electronic control systems for mobility and industrial applications, received SEBI approval for its IPO last month.

It set a price band of ₹1,287 to ₹1,352 for its public issue, with the shares anticipated to be listed on the BSE on March 11 after the IPO closes tomorrow.

The IPO consists solely of an offer for sale (OFS) component of 80.43 Lakh shares. At the upper end of the price band, SEDEMAC is seeking an IPO valuation of ₹5,970 Cr ($657 Mn) while its selling shareholders are looking at netting a total of ₹1,087 Cr from the issue.

On the financial front, SEDEMAC reported a net profit of ₹71.4 Cr in the first nine months of the current financial year (9M FY26). Operating revenue for the period under review stood at ₹770.66 Cr, while expenses came in at ₹667 Cr.

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