India, Feb. 26 -- Deeptech company SEDEMAC Mechatronics' IPO will open for bidding on March 4 (Wednesday) and close on March 6 (Friday). The anchor bidding will take place on March 2 (Monday).

Notably, the IPO will not have any fresh issue and will comprise only an offer for sale (OFS) of up to 80.43 Lakh shares. The company kept the size of the OFS component unchanged from its DRHP in its RHP.

It has set a price band of Rs.1,287 to Rs.1,352 per share for the IPO. At the upper end of the price band, the company is seeking a valuation of about Rs.5,970 Cr (about $657 Mn). The size of the IPO would be Rs.1,087 Cr.

The IIT Bombay-incubated startup received SEBI's nod for the IPO earlier this month.

Selling shareholders include cofounders...