Sedemac Mechatronics IPO sees modest demand on Day 2 with grey market trading at Rs 60 premium. The Rs 1,087 crore entirely offer-for-sale IPO was subscribed 27% on Day 1, driven primarily by strong institutional investor interest. Qualified Institutional Buyers showed robust demand at 87% subscription of their allocated portion, while retail and non-institutional segments lagged significantly at just 3% and 1% respectively. Grey market premium of 4.44% suggests an estimated listing price around Rs 1,412 per share against the upper price band of Rs 1,352. The Pune-based technology firm manufactures electronic control units for mobility and industrial applications. The company demonstrated strong financial growth with revenue rising from Rs 423 crore in FY23 to Rs 658 crore in FY25. Bidding closes on March 6 with listing planned on BSE and NSE.
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