The IPO price band has been established between ₹166 and ₹175 per equity share, with a minimum lot size of 85 shares. This pricing strategy aims to attract a broad range of investors, from retail to institutional. Notably, the IPO has already secured ₹45.01 crore from three anchor investors, indicating strong initial interest.

As of Day 2 of the subscription, the IPO has been subscribed 71% overall. The Qualified Institutional Buyers (QIB) portion was subscribed 1.18 times, while the Non-Institutional Investors (NII) portion was booked 0.38 times, and the retail portion saw a subscription rate of 0.58 times. This mixed response reflects varying levels of interest among different investor categories.

In the grey market, the premium (GMP) for the IPO is currently at +₹2, suggesting a modest expectation for the stock’s performance post-listing. The estimated listing price of Om Power Transmission shares is projected to be around ₹177, slightly above the upper price band of the IPO. This indicates a cautious optimism among investors regarding the company’s future performance.

According to SBICAP Securities, at the upper price band of ₹175, the issue is valued at a Price-to-Earnings (P/E) ratio of 27.1x based on FY25 earnings and 19.2x based on annualized 9MFY26 earnings. This valuation reflects the company’s strong growth trajectory, with revenue, EBITDA, and profit after tax (PAT) growing at a compound annual growth rate (CAGR) of 52%, 73%, and 88% respectively from FY23 to FY25.

Exencial Research Partners has also highlighted that Om Power Transmission represents a compelling investment opportunity, supported by a robust order book exceeding ₹744 crore and strong return metrics. Analysts recommend subscribing to the IPO, citing a favorable long-term outlook for the company.

The basis of allotment for the IPO will be finalized on April 15, with refunds initiated on April 16. Shares are expected to be credited to demat accounts on the same day and listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on April 17. As the IPO progresses, market observers will be closely watching the final subscription numbers and the company’s performance post-listing.

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The Sedemac Mechatronics IPO has raised questions regarding its market performance, particularly with a current Grey Market Premium (GMP) of -5. This indicates a negative sentiment among investors ahead of the public offering.

The IPO is priced within a band of ₹1,287 to ₹1,352, with an estimated listing price of ₹1,347 per share. The company has already secured ₹326 crore from anchor investors prior to the IPO launch.

Key Financials and Subscription Status

As of June 30, 2025, Sedemac Mechatronics reported a revenue of ₹217.35 crore and a profit after tax (PAT) of ₹17.07 crore. The IPO includes an offer for sale (OFS) of up to 80,43,300 equity shares.

On the second day of the subscription period, the overall subscription status stood at 46%. The retail portion has seen a subscription rate of just 9%, while Qualified Institutional Buyers (QIBs) have shown more interest, with their portion receiving 1.27 times the bids.

Employee Participation and Market Sentiment

Interestingly, employees of Sedemac Mechatronics have subscribed for 93% of their allotted quota, reflecting internal confidence in the company’s prospects. However, the current GMP of -5 raises concerns about broader market sentiment.

Historically, the lowest GMP recorded for this IPO is ₹-17.00, while the highest stands at ₹130, indicating significant fluctuations in investor expectations.

Management and Oversight

The book-running lead managers for the IPO are ICICI Securities, Avendus Capital, and Axis Capital, who are tasked with ensuring a smooth process as the company prepares to enter the public market.

As the IPO progresses, further developments will shed light on investor interest and market dynamics. Details remain unconfirmed regarding the final outcome of the offering and its potential impact on the company’s future.

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