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11 days ago
[Update] SEDEMAC IPO: Issue Subscribed 46% On Day 2
![[Update] SEDEMAC IPO: Issue Subscribed 46% On Day 2](https://inc42.com/cdn-cgi/image/quality=90/https://asset.inc42.com/2025/11/SEDEMAC-Soc.jpg)
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D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
SEDEMAC’s IPO was subscribed 31% on the second day of bidding, with investors placing bids for 17.42 Lakh shares
Qualified institutional buyers (QIB) had bid for 87% of their allotment by 13:45 PM IST, amounting to around 14 Lakh shares
Retail and non-institutional investors have comparatively shown muted interest for the IPO, bidding for 6% and 12% of their quotas, respectively
Update | March 5, 2026, 17:30 IST
SEDEMAC’s IPO gathered pace on the second day of bidding, getting subscribed 46% by the end of the day. The issue received bids for 26.05 Lakh shares against 56.32 Lakh shares on offer.
Qualified institutional buyers led the pack, with the portion reserved for them oversubscribed 1.27X. They placed bids for 20.33 Lakh shares against 16.07 Lakh reserved, with mutual funds picking up the entire lot.
The portion reserved for non-institutional investors saw 25% subscription, receiving bids for 3.01 Lakh shares against 12.05 Cr shares reserved.
Retail buyers showed the least interest in the public issue, with the portion reserved for them seeing just 9% subscription. They bid for 2.58 Lakh shares against 28.12 Cr shares reserved.
Original | March 5, 2026, 14:00 IST
Deeptech company SEDEMAC’s initial public offering (IPO) continued to see tepid investor interest amid a turbulent broader market on its second day of bidding. As of 14:00 IST, the company’s IPO attracted 17.42 Lakh bids against the 56.33 Lakh shares available for subscription, translating to a 31% subscription.
Institutional investors continued to shoulder most demand for the public issue. Qualified institutional buyers (QIB) placed the highest bids for 14.04 Lakh shares against the 16.07 Lakh shares earmarked for them. This translates to a 87% subscription of their quota.
The entire bidding for the QIB portion came from mutual funds, while foreign institutional investors and domestic financial institutions haven’t shown any interest in the listing yet.
Retail investors (RIIs) and non-institutional investors (NIIs) have comparatively shown a more muted interest in the company’s offering. Retail investors placed bids for 1.77 Lakh shares out of 28.12 Lakh shares in their quota, resulting in a 6% subscription of their quota.
Meanwhile, NIIs have placed bids for 1.52 Lakh shares against 12.05 Lakh shares earmarked for them, translating to a 13% subscription of their quota. Investors bidding for shares worth more than ₹10 Lakh have led interest in this category, with these NIIs placing bids for 1.27 Lakh shares.
Meanwhile, the company’s employees have oversubscribed their bidding quota by 1.27X, placing bids for 10,373 shares against 8,169 shares reserved for them.
SEDEMAC has 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. On the first day of bidding, the issue was subscribed 27%.
The public listing 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,
The IIT Bombay-incubated company received SEBI’s nod for the IPO earlier this month after filing draft papers in November last year.
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.
The mixed interest shown for SEDAMAC’s fresh issue is in line with IPOs of other new-age tech startups like Aye Finance and Fractal Analytics, which also saw mixed investor demand during initial bidding in 2026.
For SEDEMAC, muted investor interest is also reflective of the company’s grey market price (GMP), which showed a sharp decline on the second day of its subscription. As per data from investorgain.com, the company’s IPO GMP today stood at ₹20, a hefty cut from ₹55 GMP yesterday.
Meanwhile, brokerage firm SBI Securities has advised investors to subscribe to SEDEMAC’s IPO for a long term. In an IPO note, the brokerage firm noted that listing/short term gains from the IPO are unlikely.
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ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
SEDEMAC’s IPO was subscribed 31% on the second day of bidding, with investors placing bids for 17.42 Lakh shares
Qualified institutional buyers (QIB) had bid for 87% of their allotment by 13:45 PM IST, amounting to around 14 Lakh shares
Retail and non-institutional investors have comparatively shown muted interest for the IPO, bidding for 6% and 12% of their quotas, respectively
Update | March 5, 2026, 17:30 IST
SEDEMAC’s IPO gathered pace on the second day of bidding, getting subscribed 46% by the end of the day. The issue received bids for 26.05 Lakh shares against 56.32 Lakh shares on offer.
Qualified institutional buyers led the pack, with the portion reserved for them oversubscribed 1.27X. They placed bids for 20.33 Lakh shares against 16.07 Lakh reserved, with mutual funds picking up the entire lot.
The portion reserved for non-institutional investors saw 25% subscription, receiving bids for 3.01 Lakh shares against 12.05 Cr shares reserved.
Retail buyers showed the least interest in the public issue, with the portion reserved for them seeing just 9% subscription. They bid for 2.58 Lakh shares against 28.12 Cr shares reserved.
Original | March 5, 2026, 14:00 IST
Deeptech company SEDEMAC’s initial public offering (IPO) continued to see tepid investor interest amid a turbulent broader market on its second day of bidding. As of 14:00 IST, the company’s IPO attracted 17.42 Lakh bids against the 56.33 Lakh shares available for subscription, translating to a 31% subscription.
Institutional investors continued to shoulder most demand for the public issue. Qualified institutional buyers (QIB) placed the highest bids for 14.04 Lakh shares against the 16.07 Lakh shares earmarked for them. This translates to a 87% subscription of their quota.
The entire bidding for the QIB portion came from mutual funds, while foreign institutional investors and domestic financial institutions haven’t shown any interest in the listing yet.
Retail investors (RIIs) and non-institutional investors (NIIs) have comparatively shown a more muted interest in the company’s offering. Retail investors placed bids for 1.77 Lakh shares out of 28.12 Lakh shares in their quota, resulting in a 6% subscription of their quota.
Meanwhile, NIIs have placed bids for 1.52 Lakh shares against 12.05 Lakh shares earmarked for them, translating to a 13% subscription of their quota. Investors bidding for shares worth more than ₹10 Lakh have led interest in this category, with these NIIs placing bids for 1.27 Lakh shares.
Meanwhile, the company’s employees have oversubscribed their bidding quota by 1.27X, placing bids for 10,373 shares against 8,169 shares reserved for them.
SEDEMAC has 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. On the first day of bidding, the issue was subscribed 27%.
The public listing 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,
The IIT Bombay-incubated company received SEBI’s nod for the IPO earlier this month after filing draft papers in November last year.
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.
The mixed interest shown for SEDAMAC’s fresh issue is in line with IPOs of other new-age tech startups like Aye Finance and Fractal Analytics, which also saw mixed investor demand during initial bidding in 2026.
For SEDEMAC, muted investor interest is also reflective of the company’s grey market price (GMP), which showed a sharp decline on the second day of its subscription. As per data from investorgain.com, the company’s IPO GMP today stood at ₹20, a hefty cut from ₹55 GMP yesterday.
Meanwhile, brokerage firm SBI Securities has advised investors to subscribe to SEDEMAC’s IPO for a long term. In an IPO note, the brokerage firm noted that listing/short term gains from the IPO are unlikely.
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
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Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
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AI Description
The article discusses the SEDEMAC IPO, highlighting the subdued investor interest reflected in its grey market price (GMP) decline on the second day of subscription. This suggests challenges in attracting investor confidence.