New Delhi, March 5 -- The public issue of SEDEMAC Mechatronics, which opened for subscription on March 4, will close on March 6. The company has set the price band at Rs.1,287 to Rs.1,352 per share. At the upper end of the band, the offering places the company's valuation at nearly Rs.6,000 crore. Till now, the issue has witnessed weak subscription and is not fully subscribed yet.

The company is expected to finalise the basis of allotment on March 9. Refunds to unsuccessful bidders are likely to begin on March 10, with shares credited to successful applicants' demat accounts the same day. SEDEMAC Mechatronics shares are tentatively scheduled to list on the BSE and NSE on March 11.

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