Upcoming IPO, March 2 -- The initial public offering (IPO) of SEDEMAC Mechatronics, an auto ancillary company, is set to open for bidding on Wednesday, March 04, and will remain available to investors until Friday, March 06.

It aims to raise Rs.1,087.45 crore through this IPO, which is entirely an offer for sale of 0.80 crore shares, offering shares in the range of Rs.1287-1352 per share.

The minimum lot size for retail investors has been set at one lot, consisting of 11 shares, requiring a minimum investment of Rs.14,872. Investors can apply for a maximum of 13 lots, which requires capital of Rs.1,93,336.

The allotment of the issue is likely to be finalised on March 06, and the shares are scheduled to be listed on both the BSE and NSE...