India, March 4 -- Update | March 4, 2026, 19:40 IST

The IPO of SEDEMAC Mechatronics picked up pace towards the close of Day 1, largely driven by demand from institutional investors.

As of 17:00 IST, the issue was subscribed 27%, getting bids for 15.01 Lakh shares against 56.33 Lakh shares on offer.

The QIB portion was subscribed 87%, receiving bids for 14.04 Lakh shares against 16.07 Lakh shares reserved for them. The entire demand in this category came from mutual funds.

The NII category continued to see weak interest and was subscribed 1%. Against 12.05 Lakh shares on offer, it received bids for 8,371 shares. The above Rs.10 Lakh segment saw bids for 3,036 shares, while the Rs.2 Lakh to Rs.10 Lakh segment received bids for 5,335 sha...