- Price Band fixed at ₹1,287 to ₹1,352 per equity share of the face value of ₹10 each
- Anchor Investor Bidding Date – Monday, March 02, 2026
- Bid /Offer Opening Date – Wednesday, March 04, 2026, and Bid/ Offer Closing Date – Friday, March 06, 2026
- Bids can be made for a minimum of 11 Equity Shares and in multiples of 11 Equity Shares thereafter
- A discount of ₹128 per Equity share is being offered to Eligible Employees bidding in the Employee Reservation Portion
NE BUSINESS BUREAU
AHMEDABAD, FEB 28
Sedemac Mechatronics, a powertrain controls and auto parts manufacturer, on Friday announced it will float its ₹ 1,087 crore initial share-sale for public subscription on March 4. The company’s maiden public offering will conclude on March 6 and the bidding for anchor investors will take place on March 2,
The price band has been fixed at ₹ 1,287-1,352 per share, valuing the company at close to ₹ 6,000 crore at the higher end.
Bids can be made for a minimum of 11 Equity Shares of face value ₹10 each and multiples of 11 Equity Shares of face value ₹10 each thereafter.
The IPO is entirely an Offer For Sale (OFS) of up to 80,43,300 equity shares by promoters Manish Sharma and Ashwini Amit Dixit and investors selling shareholders.
Under the OFS, A91 Emerging Fund II LLP, NRJN Family Trust, Mumbai-based Xponentia Capital Partners, Mace Pvt Ltd, 360 One group, and HDFC Life Insurance Company were the other investors who will offload their stakes in the company.
Since the public issue is completely an OFS, Sedemac Mechatronics will not receive any proceeds from the IPO.
Founded in 2007 by four IIT Bombay engineers, SEDEMAC Mechatronics has grown into a globally deployed control technology company and one of the few Indian-origin suppliers to repeatedly deliver scalable, breakthrough innovations in automotive and industrial electronics.
Pune-based Sedemac Mechatronics is a supplier of control-intensive, critical-to-the-application electronic control units (ECU) to original equipment manufacturers (OEM) in the mobility and industrial markets in India, the US, and Europe.
It develops, designs and manufactures sensor-less commutation-based integrated starter generators ECUs for two-wheeler and three-wheeler internal combustion engine powered vehicles.
The company’s customers included TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs and Stratton LLC, and DEIF India, the United States, and Europe. With fully in-house proprietary control technology capabilities, SEDEMAC serves two- and three-wheelers, electric vehicles, and generator applications.
On the financial front, the company reported a revenue of Rs 217.35 crore and profit after tax (PAT) of Rs 17.07 crore as on June 30, 2025.
It had posted a revenue of ₹ 658.36 crore and PAT of ₹ 47.04 crore in FY25. Sedemac Mechatronics is expected to make its stock market debut on March 11.
The issue allocation includes 50 per cent for qualified institutional buyers (QIBs), 35 per cent for retail invetors and 15 per cent for non-institutional investors (NIIs).
A discount of ₹128 per Equity share is being offered to Eligible Employees bidding in the Employee Reservation Portion.
Strategically, the company is expanding into commercial vehicles and the power tools segment, with successful proof-of-concept demonstrations in sensorless motor control and ongoing development of ECUs for commercial vehicle platforms — positioning it for the next phase of growth
The Equity Shares of the Company are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) (BSE and NSE together, the Stock Exchanges).
ICICI Securities Limited, Avendus Capital Private Limited and Axis Capital Limited are the Book Running Lead Managers (BRLMs) to the Offer.
