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10 days ago
[Update] SEDEMAC IPO Closes With 2.68X Oversubscription
![[Update] SEDEMAC IPO Closes With 2.68X Oversubscription](https://inc42.com/cdn-cgi/image/quality=90/https://asset.inc42.com/2026/03/SEDEMAC-social.jpg)
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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Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
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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Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.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.
The issue on third day ended with an oversubscription of 2.68X, where investors cumulatively bid for 1.51 Cr shares against 56.32 Lakh shares on offer
Qualified institutional buyers (QIB) continued to show the strongest interest in the public float, subscribing their quota by 8.46X
Prior to opening its IPO, SEDEMAC raised ₹325.89 Cr from anchor investors like HDFC Mutual Fund, ADIA, Goldman Sachs, Invesco, among others
Update | March 06, 19:45 IST
After a slow start, SEDEMAC’s initial public offering (IPO) closed with a healthy oversubscription. Investors cumulatively bid for 1.51 Cr shares against 56.32 Lakh shares on offer, resulting in an oversubscription of 2.68X.
Qualified institutional buyers (QIB) continued to show the strongest interest in the public float, with these investors oversubscribing their quota by 8.46X. QIBs placed bids for 1.36 Cr shares against 16.07 Lakh shares reserved for them.
Meanwhile, the non institutional investor (NII) and retail investor (RIIs) portions remained undersubscribed by the end of day three of bidding. NIIs placed bids for 9.3 Lakh shares against 12.05 Lakh shares on offer, subscribing their quota by 77%.
RIIs subscribed their quota by a mere 20%, placing bids of 5.62 Lakh shares against 28.12 Lakh shares reserved for them.
The employee quota saw a 2.95X oversubscription, with these investors placing bids for 24,112 shares against 8,169 shares reserved for them.
Original | March 06, 13:53 IST
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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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.
The issue on third day ended with an oversubscription of 2.68X, where investors cumulatively bid for 1.51 Cr shares against 56.32 Lakh shares on offer
Qualified institutional buyers (QIB) continued to show the strongest interest in the public float, subscribing their quota by 8.46X
Prior to opening its IPO, SEDEMAC raised ₹325.89 Cr from anchor investors like HDFC Mutual Fund, ADIA, Goldman Sachs, Invesco, among others
Update | March 06, 19:45 IST
After a slow start, SEDEMAC’s initial public offering (IPO) closed with a healthy oversubscription. Investors cumulatively bid for 1.51 Cr shares against 56.32 Lakh shares on offer, resulting in an oversubscription of 2.68X.
Qualified institutional buyers (QIB) continued to show the strongest interest in the public float, with these investors oversubscribing their quota by 8.46X. QIBs placed bids for 1.36 Cr shares against 16.07 Lakh shares reserved for them.
Meanwhile, the non institutional investor (NII) and retail investor (RIIs) portions remained undersubscribed by the end of day three of bidding. NIIs placed bids for 9.3 Lakh shares against 12.05 Lakh shares on offer, subscribing their quota by 77%.
RIIs subscribed their quota by a mere 20%, placing bids of 5.62 Lakh shares against 28.12 Lakh shares reserved for them.
The employee quota saw a 2.95X oversubscription, with these investors placing bids for 24,112 shares against 8,169 shares reserved for them.
Original | March 06, 13:53 IST
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.
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.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
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
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Explore 75,000+ startups, 3,500+ investors, 25,000+ funding rounds and more. Build shortlists and export them instantly.
Login or create a free account to continue reading in private mode.
AI Description
SEDEMAC's IPO experienced a significant oversubscription, closing at 2.68X. This indicates strong investor interest and confidence in the company's potential.