SEDEMAC Mechatronics, a deeptech company, has raised ₹325.89 Cr from anchor investors, including HDFC Mutual Fund, Abu Dhabi Investment Authority, and Goldman Sachs, ahead of its upcoming IPO. The company allocated 24.10 Lakh equity shares to these anchor investors at ₹1,352 per share, which represents the upper end of its IPO price band ranging from ₹1,287 to ₹1,352.
Notably, 68.09% of the anchor allocation, equivalent to 16.41 Lakh shares, was assigned to 10 domestic mutual funds across 14 schemes, such as HDFC Mutual Fund, SBI Mutual Fund, and ICICI Prudential Mutual Fund.
SEDEMAC’s IPO, valued at about ₹5,970 Cr (approximately $652 Mn) at the top end of the price band, consists entirely of an offer for sale (OFS) of up to 80.43 Lakh shares, with a total IPO size of ₹1,087 Cr. The company is set to debut on the exchanges on March 11, following SEBI’s approval for its IPO last month. Selling shareholders in the OFS include cofounders Manish Sharma and Ashwini Amit Dixit, as well as NRJN Family Trust and Xponentia Capital.
Source: Inc42 Media