New Delhi, March 6 -- The initial public offering (IPO) of Sedemac Mechatronics Ltd, a Pune-based manufacturer of powertrain controls and auto parts, managed to get fully subscribed on Friday, March 6 - the last and final day of bidding - amid strong demand from institutional investors.

The offer was booked 46% at the end of the second day.

According to BSE data, Sedemac Mechatronics IPO attracted bids for 1,51,10,909 shares, against the total offer of 56,32,899 shares, resulting in 2.68 bids.

Breaking down subscription by category, Qualified Institutional Buyers (QIBs) saw the highest bids at 8.46 times bids, while the quota for non-institutional investors was subscribed 77% and Retail Individual Investors (RIIs) segment was booked ju...