New Delhi, March 11 -- SEDEMAC Mechatronics IPO Listing: SEDEMAC Mechatronics share price made a strong debut in the Indian stock market today, March 11. SEDEMAC Mechatronics share price was listed on Wednesday at Rs.1,535 apiece on NSE, a premium of 13.54% from its issue price of Rs.1,352. On BSE, the stock listed at Rs.1,510, up 11.69% from issue price.

The IPO outperformed Street expectations, as seen from the grey market premium (GMP). The GMP for the IPO stood at Rs.0 per share, which indicated a likely listing price of Rs.1,352 - same as IPO price.

SEDEMAC Mechatronics IPO witnessed decent subscription in the 3 days of bidding. It was subscribed 2.68 times by the end of Day 3. The retail portion was subscribed 0.20 times, the NII ...