New Delhi, March 4 -- SEDEMAC Mechatronics IPO in focus: The initial public offering (IPO) of SEDEMAC Mechatronics, an auto ancillary company, which opened for subscription today, March 04, received a modest response from investors. By the end of the day, the issue was subscribed to just 0.27 times, with 15.01 lakh shares bid for against the 56.32 lakh shares on offer, according to exchange data.

The retail portion was subscribed 0.03 times, while Non-Institutional Investors (NIIs) subscribed just 0.01 times, and the Qualified Institutional Buyers (QIBs) portion was subscribed 0.87 times. The employee segment showed relatively better interest, as their portion was subscribed 0.59 times.

SEDEMAC Mechatronics aims to raise Rs.1,087.45 cro...