Sedemac Mechatronics IPO subscribed 2.68 times so far on Day 3: Check allotment date

Sedemac Mechatronics IPO has been subscribed 2.68 times so far on Friday, March 6, the final day of bidding. It has received bids for 1,50,78,514 shares compared to 56,32,899 shares on offer, as per the NSE data until 4:15 pm.

The qualified institutional buyers' (QIBs) portion was subscribed 8.46 times, while the category reserved for retail investors was booked 19%. The quota for non-institutional investors (NIIs) got a 77% subscription.

The initial public offering, with a price band of ₹1,287 to ₹1,352 per share, is exclusively an offer for sale of 80.43 lakh equity shares valued at ₹1,087.45 crore by promoters Ashwini Amit Dixit and Manish Sharma and investor selling shareholders.

Under the OFS, investors HDFC Life Insurance Company, A91 Emerging Fund II LLP, Xponentia Capital Partners, 360 One Group, NRJN Family Trust and Mace Pvt Ltd are divesting their stake.

Sedemac Mechatronics supplies control-intensive, critical-to-the-application electronic control units or ECUs to original equipment manufacturers in the mobility and industrial markets in India, the United States of America, and Europe. Its clients include Kirloskar Oil Engines, TVS Motor Company, Briggs and Stratton LLC, Bajaj Auto and DEIF India.

Sedemac Mechatronics IPO: Allotment and listing date

How to check Sedemac Mechatronics IPO allotment status on NSE

• Visit the allotment status page of NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Pick 'Sedemac Mechatronics' under the symbol ‘SEDEMAC’
• Enter your PAN details and application number
• Click on submit

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

• Visit this link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Sedemac Mechatronics Limited’ from the IPO names
• Enter Application No, DP/Client ID, PAN, or Account No/IFSC
• Hit the 'Submit' button