New Delhi, March 11 -- SEDEMAC Mechatronics IPO Listing: SEDEMAC Mechatronics share price made a strong debut on Wednesday, March 11, defying the tepid sentiment in the Indian stock market.

SEDEMAC Mechatronics share price was listed at Rs.1,535 per share on NSE, a premium of 13.54% over the issue price of Rs.1,352. On BSE, the stock got listed at Rs.1,510, up 11.69% from the issue price.

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

SEDEMAC Mechatronics IPO witnessed decent subscription during the three days of bidding. It was booked 2.68 times by the end of the...