SEDEMAC, a deep-tech company, has garnered significant attention from investors with its ongoing initial public offering (IPO). The IPO, which initially faced tepid interest, has seen a surge in subscriptions on its final day of bidding. Qualified institutional buyers (QIBs) have led the way, bidding for 41.99 lakh shares against 16.07 lakh shares on offer, resulting in a 90% subscription rate as of 13:21 IST.
On the other hand, interest from non-institutional investors (NIIs) and retail investors (RIIs) has been relatively subdued, with NIIs subscribing to only 36% of their quota and RIIs showing a 14% subscription rate. SEDEMAC’s employees have shown strong support, oversubscribing their allocated shares by 2.4 times.
SEDEMAC’s IPO marks the company’s foray into the public market, following a successful pre-IPO fundraise of ₹325.89 crore from anchor investors. The company’s IPO closure today positions it as the fifth startup to list on the bourses in 2026, joining the ranks of other new-age tech companies that have recently gone public.
Source: Inc42 Media