SEDEMAC Mechatronics IPO price band: The SEDEMAC Mechatronics Limited IPO price band has been fixed in the range of ₹1,287 to ₹1,352 per equity share of the face value of ₹10. The SEDEMAC Mechatronics IPO date of subscription is scheduled for Wednesday, March 4 and will close on Friday, March 6. The allocation to anchor investors for the SEDEMAC Mechatronics IPO is scheduled to take place on Monday, March 2.
The floor price and cap price are 128.7 times and 135.2 times the face value of the equity shares, respectively. The SEDEMAC Mechatronics IPO lot size is 11 equity shares and in multiples of 11 equity shares thereafter.
SEDEMAC Mechatronics IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employees have been reserved equity shares aggregating up to ₹1 crore.
Tentatively, SEDEMAC Mechatronics IPO basis of allotment of shares will be finalised on Monday, March 9 and the company will initiate refunds on Tuesday, March 10, while the shares will be credited to the demat account of allottees on the same day following refund. SEDEMAC Mechatronics share price is likely to be listed on BSE and NSE on Wednesday, March 11.
(more to come)