MSME Technology

SEDEMAC Mechatronics, a Pune-based technology company, saw a surge of 19.34% on the National Stock Exchange, reaching a high of Rs 1,613.50 from the issue price. The IPO raised Rs 1,087.35 crores through an offer for sale of 0.80 crore shares, with an issue price of Rs 1,352 per equity share. The allotment for IPO shares was finalised on March 09.