A major IPO is set to open in March — the SEDEMAC Mechatronics IPO. The company is currently seeing positive activity in the gray market. This is a mainboard IPO with a total issue size of ₹1,087.45 crore.
The IPO will open for investors on March 4, 2026, and bidding will remain open until March 6, 2026.
The entire issue is an Offer for Sale (OFS), meaning existing investors will sell 80 lakh (8 million) shares, and the company itself will not receive fresh funds.
Contents
Price Band, Lot Size & Listing
The IPO price band has been fixed at ₹1,287 to ₹1,352 per share.
The lot size is 11 shares, so retail investors must invest at least ₹14,872 (11 × ₹1,352) to apply.
Since it is a mainboard IPO, the shares will be listed on both:
BSE
NSE
Grey Market Premium (GMP) Trend
According to Investors Gain, the IPO is currently trading at a ₹28 premium in the gray market.
On February 26, the GMP was much higher at ₹130. So far:
Highest GMP: ₹130
Lowest GMP: ₹28
The IPO’s book-running lead manager is ICICI Securities Limited.
Investor Quota Allocation
The share reservation structure for the IPO is:
Up to 50% for Qualified Institutional Buyers (QIBs)
At least 35% for retail investors
At least 15% for Non-Institutional Investors (NIIs)
About the Company
Founded in 2007 and based in Pune, SEDEMAC Mechatronics manufactures motor control products and integrated starter generator solutions used in the automotive sector.