Sedemac Mechatronics IPO to Open on March 4; Price Band Set at Rs 1,287–1,352 Per Share
Sedemac Mechatronics will launch its initial public offering on March 4, aiming to raise Rs 1,087 crore through a public issue structured entirely as an Offer For Sale. The price band for the IPO has been fixed at Rs 1,287 to Rs 1,352 per equity share, valuing the company at nearly Rs 6,000 crore at the upper end of the band.The maiden public offering will close on March 6, while bidding for anchor investors is scheduled for March 2. The company is expected to list on the stock exchanges on March 11.
IPO Structure and Share Sale Details
The IPO comprises an Offer For Sale of up to 80,43,300 equity shares by promoters Manish Sharma and Ashwini Amit Dixit, along with other selling shareholders.Investors participating in the OFS include A91 Emerging Fund II LLP, NRJN Family Trust, Xponentia Capital Partners based in Mumbai, Mace Pvt Ltd, 360 One group, and HDFC Life Insurance Company.
As the public issue is entirely an Offer For Sale, Sedemac Mechatronics will not receive any proceeds from the IPO. The funds raised will go to the selling shareholders.
The issue allocation has been structured with 50 percent reserved for qualified institutional buyers, 35 percent for retail investors, and 15 percent for non institutional investors.
ICICI Securities, Avendus Capital, and Axis Capital are acting as the book running lead managers to the issue.
Business Profile and Financial Performance
Headquartered in Pune, Sedemac Mechatronics manufactures powertrain controls and auto parts. The company supplies control intensive, application critical electronic control units to original equipment manufacturers in the mobility and industrial markets across India, the United States, and Europe.It develops, designs, and manufactures sensor less commutation based integrated starter generator ECUs for two wheeler and three wheeler internal combustion engine powered vehicles.
Its customer base includes TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs and Stratton LLC, and DEIF India.
On the financial front, Sedemac Mechatronics reported revenue of Rs 217.35 crore and profit after tax of Rs 17.07 crore as of June 30, 2025. In FY25, the company posted revenue of Rs 658.36 crore and a profit after tax of Rs 47.04 crore.
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