SEDEMAC Mechatronics IPO Update: Day 3 Subscription at 46%, Latest GMP Trends
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The IPO worth ₹6,000 crore is available from March 4 to March 6. The company has secured ₹326 crore from anchor investors. Although there is a discount in the grey market, analysts believe long-term investors might find this opportunity worthwhile due to anticipated strong revenue growth.
The SEDEMAC Mechatronics IPO opened for subscription on March 4 and will close on March 6. The price range for shares is ₹1,287 to ₹1,352, which values the company at approximately ₹6,000 crore if priced at the upper end. This IPO consists entirely of a sale of up to 80,43,300 equity shares from promoters and other investors, meaning the company will not receive any funds from this sale.
Based in Pune, SEDEMAC designs and makes electronic control units (ECUs) used in both automotive and industrial sectors, and it supplies products to major original equipment manufacturers (OEMs) in India and around the world. Before the public offering, the company raised ₹326 crore from anchor investors, including Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, HDFC Mutual Fund, and SBI Mutual Fund.
In terms of finances, SEDEMAC reported revenue of ₹658.36 crore and a profit after tax of ₹47.04 crore for FY25. The current grey market premium (GMP) is about ₹4, suggesting an estimated listing price of approximately ₹1,356 per share, slightly higher than the upper issue price of ₹1,352.
Based in Pune, SEDEMAC designs and makes electronic control units (ECUs) used in both automotive and industrial sectors, and it supplies products to major original equipment manufacturers (OEMs) in India and around the world. Before the public offering, the company raised ₹326 crore from anchor investors, including Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, HDFC Mutual Fund, and SBI Mutual Fund.
In terms of finances, SEDEMAC reported revenue of ₹658.36 crore and a profit after tax of ₹47.04 crore for FY25. The current grey market premium (GMP) is about ₹4, suggesting an estimated listing price of approximately ₹1,356 per share, slightly higher than the upper issue price of ₹1,352.
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Originally published on major financial portals.
