Sedemac Mechatronics IPO subscribed 2.7x on final day; GMP falls sharply. Check details
The initial public offering (IPO) of Sedemac Mechatronics Ltd, a Pune-based manufacturer of powertrain controls and auto parts, managed to get fully subscribed on Friday, March 6 — the last and final day of bidding — amid strong demand from institutional investors. The offer was booked 46% at the end of the second day. According…