SEDEMAC Mechatronics ₹1,087.45 Crore Offer For Sale IPO Opens March 4, 2026; Targets BSE, NSE Listing On March 11

SEDEMAC Mechatronics’ ₹1,087.45 crore initial public offering will open for subscription on March 4, 2026 and close on 6 March 6, 2026, according to issue details released in its offer documents. The public issue is entirely an Offer for Sale (OFS) of 8,043,300 equity shares, with no fresh issue component, indicating that proceeds will accrue to the selling shareholders rather than the company.

The IPO is structured as a book-built issue and is proposed to list on the BSE and NSE, with a tentative listing date of March 11, 2026.

Issue Structure, Price Band and Lot Size Details

The price band for the IPO has been fixed at ₹1,287 to ₹1,352 per equity share of face value ₹10 each. At the upper end of the band, the total issue size aggregates to approximately ₹1,087.45 crore.

Investors can bid for a minimum lot of 11 shares. At the upper price band of ₹1,352 per share, the minimum retail investment amounts to ₹14,872. Retail investors may apply for up to 13 lots (143 shares), translating to ₹193,336.

For small non-institutional investors (S-NII), the minimum application is 14 lots (154 shares), amounting to ₹208,208. For big non-institutional investors (B-NII), the minimum bid stands at 68 lots (748 shares), aggregating to ₹1,011,296.

Allocation Break-Up And Reservation

As per the stated reservation structure:

• Qualified Institutional Buyers (QIBs): Not more than 50% of the net offer
• Retail Individual Investors (RIIs): Not less than 35% of the net offer
• Non-Institutional Investors (NIIs): Not less than 15% of the net offer

Such allocation is in line with prevailing regulatory norms for mainboard book-built public issues.

Timeline and Listing Schedule

The IPO will open on Wednesday, March 4, 2026, and close on Friday, 6 March 6, 2026. The basis of allotment is expected to be finalised on March 9, 2026.

Refunds are scheduled to be initiated on March 10, 2026, with credit of shares to demat accounts also expected on the same day. The equity shares are tentatively scheduled to list on March 11, 2026.

ICICI Securities Ltd. is acting as the book running lead manager to the issue, while MUFG Intime India Pvt. Ltd. has been appointed as the registrar.

Offer For Sale Structure Explained

An Offer for Sale (OFS) implies that existing shareholders are divesting part of their holdings through the public issue. The company does not receive any proceeds from such a structure. Instead, funds are transferred to the selling shareholders, and the listing primarily facilitates liquidity and public market participation.

The final pricing will be determined through the book-building process based on investor demand within the stated price band.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=SEDEMAC&series=EQ&type=Forthcoming