Sedemac Mechatronics IPO allotment: How to check status online on NSE, BSE, MUFG Intime India

Sedemac Mechatronics IPO allotment: The basis of allotment of the Sedemac Mechatronics IPO is expected to be finalised on Monday, March 9. The details regarding bid finalisation will be available on the websites of the NSE, the BSE and MUFG Intime India.

The initial share sale was subscribed 2.68 times, with bids for 1,51,11,151 shares as against 56,32,899 shares on offer, according to the BSE data.

The initial public offering, with a price band of ₹1,287 to ₹1,352 per share, sought to raise ₹1,087.45 crore via solely an offer for sale (OFS) of 80.43 lakh equity shares.

Those divesting their stake under the OFS route include promoters Manish Sharma and Ashwini Amit Dixit and investors selling shareholders like 360 One Group, A91 Emerging Fund II LLP, Xponentia Capital Partners, Mace Pvt Ltd, NRJN Family Trust and HDFC Life Insurance Company.

Since it is exclusively an OFS, the firm will not receive any proceeds from the issue.

Sedemac Mechatronics provides control-intensive, critical-to-the-application electronic control unit solutions to leading original equipment manufacturers in the mobility and industrial markets in India, the USA, and Europe.

Sedemac Mechatronics IPO allotment date and time

Sedemac Mechatronics IPO allotment is likely to be finalised on Monday, March 9, by late evening.

Sedemac Mechatronics IPO allotment status online on NSE; full steps

• Go to NSE's allotment status portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick ‘Equity & SME IPO bid details’
• Select 'Sedemac Mechatronics' under the symbol ‘SEDEMAC’
• Mention your application number and PAN card number
• Hit the 'Submit' button

How to check Sedemac Mechatronics IPO allotment status on BSE

• Go to the IPO allotment status page of BSE: https://bseindia.com/investors/appli_check.aspx.
• The issue type should be selected as 'Equity'
• From the ‘Issue Name’ list, pick ‘Sedemac Mechatronics Ltd’
• Mention PAN details or IPO application number
• Press the ‘Search’ button to view the allotment details

Steps to check Sedemac Mechatronics IPO allotment status on MUFG Intime India

• Go to this link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Sedemac Mechatronics Ltd’ from the issue names
• Fill in your PAN, Application No, DP/Client ID or Account No/IFSC
• Click on the 'Submit' button

Sedemac Mechatronics IPO listing date and time

Shares of Sedemac Mechatronics will hit the NSE and the BSE on Wednesday, March 11, at 10 am.

Sedemac Mechatronics IPO GMP

According to investorgain.com and media reports, unlisted shares of Sedemac Mechatronics Ltd are trading at ₹1,365, reflecting a grey market premium (GMP) of 0.96% compared to the upper price band of ₹1,352.