Sedemac Mechatronics Launches Rs 1,087 Crore IPO With Price Band Rs 1,287-1,352

Sedemac Mechatronics has set its IPO price band between Rs 1,287 and Rs 1,352 per share for an Rs 1,087 crore offer for sale (OFS), with the issue opening on March 4 and closing on March 6. The IPO comprises 80.43 lakh equity shares sold entirely by promoters and investors, with no fresh shares issued, so proceeds will go to selling shareholders. The company, a supplier of electronic control units for automotive and industrial markets in India, the US, and Europe, plans to list shares on March 11. The IPO includes reservations for institutional, non-institutional, retail investors, and employees.