India, March 4 -- The IPO of deeptech company SEDEMAC Mechatronics opened to a muted demand and was subscribed just 1% at 12:21 IST on the first day of bidding.

The public issue received bids for 64,064 shares against 56.33 Lakh shares on offer.

The portion reserved for qualified institutional buyers (QIBs), which includes foreign and domestic institutions and mutual funds, received no bids.

The non-institutional investors (NII) category was subscribed 0.01 times. It got bids for 6,996 shares against 12.05 Lakh shares on offer. Within this, the higher application size segment (above Rs.10 Lakh) saw bids for 3,036 shares, while the Rs.2 Lakh to Rs.10 Lakh segment got bids for 3,960 shares.

The retail portion was subscribed 2%, getting ...