India, March 10 -- Early investors of deeptech company SEDEMAC, which is set to list on the exchanges on Wednesday (March 11), have raked in hefty returns via the IPO.

SEDEMAC's IPO consisted solely of an offer for sale (OFS) component of 80.43 Lakh shares worth Rs.1,087 Cr. The company set a price band of Rs.1,287 to Rs.1,352 per share for the IPO, valuing it at Rs.5,970 Cr ($657 Mn) at the upper end.

Mumbai-based venture capital (VC) firm A91 Partners emerged as the biggest gainer from the public listing. The firm raked in Rs.325 Cr by selling 24.1 Lakh shares, translating to a 3.6X return on its initial investment. Post offloading the shares, A91 Partners will still hold 56.2 Lakh shares worth Rs.760 Cr, making it the biggest shareho...