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Sedemac Mechatronics IPO subscribed 27%

Sedemac Mechatronics IPO subscribed 27%

by | Mar 4, 2026 | Share Market


The offer received bids for 15 lakh shares as against 56.2 lakh shares on offer.

Sedemac Mechatronics received bids for 15,00,510 shares as against 56,32,899 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (04 March 2026). The issue was subscribed 0.27 times.

The issue opened for bidding on 04 March 2026 and it will close on 06 March 2026. The price band of the IPO is fixed between Rs 1,287 and 1,352 per share. An investor can bid for a minimum of 11 equity shares and in multiples thereof.

The issue comprises only the offer for sale of 8043300 equity shares [of which the promoters is 112500 equity shares and the balance by investor selling shareholders]. The object of the issue is providing an exit option for ISS by listing equity shares in the exchange.

 

Sedemac Mechatronics, promoted by Prof. Shashikanth Suryanarayanan and team, designs and supplies critical ECUs and motors for vehicles and industrial equipment in India, the US, and Europe. Its key products include ISG ECUs, EFI ECUs, integrated ISG+EFI ECUs, MCUs for EVs, and genset controllers. The company holds approximately 35% of the domestic 2/3W ISG ECU market share, approximately 75% of the share in Indian genset controllers, and approximately 14% of the global share in genset controls. A pioneer in innovation, it introduced SmartIgn, eGov controllers, and SLC-based ISG ECUs, working closely with Tier-I OEMs to integrate proprietary solutions across product lifecycles.

Ahead of the IPO of Sedemac Mechatronics on 2 March 2026, the company raised Rs 325.88 crore from anchor investors by allotting 24.10 lakh shares at Rs 1,352 each to 23 anchor investors.

For the nine months ended 31 December 2025, the firm recorded a consolidated net profit of Rs 71.50 crore and sales of Rs 770.67 crore.

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Sedemac Mechatronics IPO subscribed 27%

Sugar stocks rally as oil surge lifts ethanol outlook

by | Mar 4, 2026 | Share Market


Last Updated : Mar 04 2026 | 5:16 PM IST

Shares of sugar companies advanced on Wednesday as rising crude oil prices triggered optimism around higher ethanol production and tighter global sugar supply.

Bajaj Hindusthan Sugar jumped 11.60%, while Dwarikesh Sugar Industries gained 9.03%. Shree Renuka Sugars rose 7.79% and Rajshree Sugars & Chemicals added 7.73%. Avadh Sugar & Energy climbed 4.59% and Uttam Sugar Mills advanced 4.31%. Praj Industries gained 3.91%, Dhampur Sugar Mills rose 3.37%, while Triveni Engineering & Industries edged up 0.20%.

The rally comes after oil prices surged following disruptions in tanker traffic through the Strait of Hormuz amid the escalating Iran-Israel-US conflict. The Strait of Hormuz is a critical global oil transit route, handling more than one-fifth of the worlds oil supply.

 

Higher crude prices tend to increase ethanol demand as fuel producers shift toward biofuels. In Brazil, the worlds largest sugarcane producer and exporter, stronger ethanol economics often lead mills to divert more cane toward ethanol production and away from sugar, tightening global sugar supply and supporting prices.

The expectation of reduced sugar output from Brazil and firmer global sugar prices has improved sentiment toward Indian sugar companies, which could benefit from stronger realizations and improved industry dynamics.

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First Published: Mar 04 2026 | 5:16 PM IST



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Sedemac Mechatronics IPO subscribed 27%

Rajya Sabha elections: BJP names nine candidates from six states

by | Mar 4, 2026 | Share Market


Last Updated : Mar 04 2026 | 4:04 PM IST

The Bharatiya Janata Party (BJP) has announced nine candidates for the 2026 biennial elections to the Rajya Sabha across six states. Tomorrow, March 5, is the last date for filing nominations for the March 16 elections.

From Bihar, the BJP has nominated party chief Nitin Nabin and state leader Shivesh Kumar.

In Assam, sitting MLA Terash Gowalla and cabinet minister Jogen Mohan have been fielded. Chief Minister Himanta Biswa Sarma has indicated the BJP will not contest the third seat, citing limited prospects.

From Chhattisgarh, Laxmi Verma, a member of the State Women Commission, has been named. In Haryana, former MP Sanjay Bhatia will contest.

 

In Odisha, the BJP has picked state unit president Manmohan Samal and outgoing MP Sujeet Kumar. From West Bengal, former state unit president Rahul Sinha has been fielded.

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First Published: Mar 04 2026 | 4:04 PM IST



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Sedemac Mechatronics IPO subscribed 27%

IOL Chemicals scales up chemical manufacturing capacities

by | Mar 4, 2026 | Share Market


IOL Chemicals & Pharmaceuticals announced that it has expanded its Ethyl Acetate and Acetic Anhydride manufacturing capacities through internal accruals.

The company has enhanced the manufacturing capacity of Ethyl Acetate from 1,00,000 MT per annum to 1,20,000 MT per annum with a capex of about Rs 4 crore. The additional capacity of 20,000 MTPA was completed on 2 March 2026.

The expansion has been undertaken to cater to sustained demand growth across various sectors and to improve margin realisation through optimal operating leverage.

In addition, the company has expanded the manufacturing capacity of Acetic Anhydride from 25,000 MTPA to 32,000 MTPA. The project entails a capital expenditure of about Rs 5.71 crore. The existing facility was operating at above 90% capacity utilisation prior to the expansion. The additional capacity of 7,000 MTPA was commissioned on 2 March 2026.

 

This expansion is aimed at optimising captive consumption as well as increasing merchant sales.

IOL Chemicals & Pharmaceuticals is one of the leading pharmaceutical (APIs) Companies and a significant player in the specialty chemicals space with world-class facilities. IOLCP has a wide presence across major therapeutic categories like pain management, anti-convulsants, anti-diabetes, anti-cholesterol and anti-platelets.

The companys consolidated net profit rose marginally by 0.2% to Rs 20.58 crore, while net sales increased 10.9% to Rs 580.39 crore in Q3 FY26 compared with Q3 FY25.

The counter dropped 1.77% to Rs 70 on the BSE.

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Sedemac Mechatronics IPO subscribed 27%

Petronet LNG, Mahanagar Gas slump as global LNG prices surge

by | Mar 4, 2026 | Share Market


Last Updated : Mar 04 2026 | 3:04 PM IST

Shares of Petronet LNG and Mahanagar Gas fell sharply after global liquefied natural gas prices climbed to their highest level since 2023 amid supply disruptions in the Middle East.

Petronet LNG dropped 8.86%, while Mahanagar Gas declined 8.12% as investors reacted to the sharp spike in LNG prices, which could increase input costs for gas importers and city gas distributors.

The surge in global LNG prices follows escalating geopolitical tensions in the Middle East that have disrupted supply chains and heightened concerns over energy security. Higher LNG costs could potentially pressure margins for companies dependent on imported natural gas.

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First Published: Mar 04 2026 | 3:04 PM IST



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Sedemac Mechatronics IPO subscribed 27%

Volumes jump at Sundram Fasteners Ltd counter

by | Mar 4, 2026 | Share Market


Last Updated : Mar 04 2026 | 3:04 PM IST

Sundram Fasteners Ltd witnessed volume of 21.77 lakh shares by 14:14 IST on NSE, a 45.28 times surge over two-week average daily volume of 48074 shares

Balrampur Chini Mills Ltd, Triveni Engineering and Industries Ltd, Zen Technologies Ltd, Sagility Ltd are among the other stocks to see a surge in volumes on NSE today, 04 March 2026.

Sundram Fasteners Ltd witnessed volume of 21.77 lakh shares by 14:14 IST on NSE, a 45.28 times surge over two-week average daily volume of 48074 shares. The stock dropped 1.16% to Rs.837.10. Volumes stood at 71612 shares in the last session.

Balrampur Chini Mills Ltd clocked volume of 53.47 lakh shares by 14:14 IST on NSE, a 20.95 times surge over two-week average daily volume of 2.55 lakh shares. The stock gained 6.63% to Rs.488.65. Volumes stood at 2.57 lakh shares in the last session.

 

Triveni Engineering and Industries Ltd clocked volume of 23.47 lakh shares by 14:14 IST on NSE, a 11.23 times surge over two-week average daily volume of 2.09 lakh shares. The stock gained 2.05% to Rs.403.50. Volumes stood at 3.3 lakh shares in the last session.

Zen Technologies Ltd notched up volume of 29.97 lakh shares by 14:14 IST on NSE, a 8 fold spurt over two-week average daily volume of 3.74 lakh shares. The stock rose 4.02% to Rs.1,399.50. Volumes stood at 10 lakh shares in the last session.

Sagility Ltd recorded volume of 1569.81 lakh shares by 14:14 IST on NSE, a 5.06 times surge over two-week average daily volume of 310.41 lakh shares. The stock gained 7.21% to Rs.41.64. Volumes stood at 305.32 lakh shares in the last session.

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First Published: Mar 04 2026 | 3:04 PM IST



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