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News Topical, Digital Desk : New IPO Listing: Shares of Pune-based auto component manufacturer Sedemac Mechatronics Limited were listed on the Indian stock market today. The company's initial public offering (IPO) received strong demand from investors, and the listing was robust. The shares (Sedemac Mechatronics Share Price) listed at ₹1,535 on the NSE, a 14 percent premium. The shares listed at ₹1,510 on the BSE.
SEDEMAC Mechatronics IPO Details:
This mainboard IPO was open for subscription from March 4 to March 6. The IPO allotment date was set for March 9. The company raised a total of ₹1,087.45 crore through this book-building issue. The entire issue was an offer for sale of 80.43 lakh equity shares.
The price band for the SEDEMAC Mechatronics IPO was set at ₹1,287 to ₹1,352 per share. According to NSE data, the IPO was subscribed 2.68 times. The Retail Individual Investors (RII) category received 20 percent subscription, while the Non-Institutional Investors (NII) category saw 77 percent subscription. The Qualified Institutional Buyers (QIB) category saw 8.46 times subscription. ICICI Securities Limited is the book running lead manager for the issue, while MUFG Intime India was appointed as the registrar for the IPO.
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