Primary market activity slows as Sedemac Mechatronics launches Rs 1,087 crore IPO. The Pune-based automotive electronics manufacturer opens subscription March 4-6 at Rs 1,287-1,352 per share, commanding a pre-IPO valuation of Rs 5,971 crore. However, weak grey market signals reflect cautious investor sentiment. While only one new IPO launches next week, nine companies are set to list, including Clean Max Enviro Energy Solutions and Shree Ram Twistex. Grey market premiums remain subdued across most listings, with several trading flat or negative, indicating investors are now focusing on fundamentals and valuations rather than chasing every offering. This shift signals a maturing primary market where subscription levels alone no longer guarantee strong listing gains.
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