Sedemac Mechatronics makes strong market debut with 19 percent surge. The automotive components manufacturer's shares listed at a 13.5 percent premium on NSE, opening at ₹1,535 against the IPO price of ₹1,352 and climbing to an intraday high of ₹1,613.50. The ₹1,087-crore offering received 2.68 times overall subscription, with institutional investors driving demand through 8.46 times subscription in the QIB segment. The company supplies advanced powertrain control systems to major automotive players including TVS Motor, Bajaj Auto, and Kirloskar Oil Engines. Strong investor appetite reflects confidence in the powertrain controls sector and the company's established client relationships within India's automotive industry.
