India, March 5 -- Update | March 5, 2026, 17:30 IST

SEDEMAC's IPO gathered pace on the second day of bidding, getting subscribed 46% by the end of the day. The issue received bids for 26.05 Lakh shares against 56.32 Lakh shares on offer.

Qualified institutional buyers led the pack, with the portion reserved for them oversubscribed 1.27X. They placed bids for 20.33 Lakh shares against 16.07 Lakh reserved, with mutual funds picking up the entire lot.

The portion reserved for non-institutional investors saw 25% subscription, receiving bids for 3.01 Lakh shares against 12.05 Cr shares reserved.

Retail buyers showed the least interest in the public issue, with the portion reserved for them seeing just 9% subscription. They bid for 2.58 Lak...