SEDEMAC Mechatronics IPO Overview
SEDEMAC Mechatronics Limited is a Pune, Maharashtra–based deeptech and industrial engineering company that designs and manufactures control-intensive electronic products — especially electronic control units (ECUs), powertrain controllers and motor control systems for automotive, genset and industrial applications. The company traces its origins to a lab at Indian Institute of Technology Bombay where founder Prof. Shashikanth Suryanarayanan and his students built what later became SEDEMAC, now a leading supplier of advanced control systems to OEMs in India, the US and Europe.
SEDEMAC is launching a major IPO of ₹1,087.45 crore that is structured entirely as an Offer For Sale (OFS) — meaning existing shareholders are selling shares, and the company will not receive fresh capital. The price band is fixed at ₹1,287 – ₹1,352 per share, and the issue is set to be listed on both the BSE and NSE mainboards.
IPO DETAILED INFORMATION
Issue Details
| Parameter | Details |
| IPO Type | Book Built – Mainboard |
| IPO Open Date | 4 March 2026 (Wednesday) |
| IPO Close Date | 6 March 2026 (Friday) |
| Anchor Investor Bidding | 2 March 2026 (Monday) |
| Allotment Date | 9 March 2026 (Expected) |
| Credit to Demat | 10 March 2026 (Expected) |
| Refund Initiation | 10 March 2026 (Expected) |
| Listing Date | 11 March 2026 (Tentative) |
| Price Band | ₹1,287 to ₹1,352 per share |
| Face Value | ₹10 per share |
| Lot Size | 11 shares |
| Min Investment (Retail) | ₹14,872 (1 lot at upper band) |
| sNII Investment | ~₹2,08,208 (14 lots) |
| bNII Investment | ~₹10,11,296 (68 lots) |
| Issue Size | ₹1,087.45 crore (approx) |
| Fresh Issue | ₹0 – No Fresh Issue (100% OFS) |
| Offer For Sale (OFS) | ~80.43 lakh shares |
| Total Shares Offered | ~80,43,300 equity shares |
| Listing | BSE & NSE (Mainboard) |
Note: The IPO is completely an OFS — SEDEMAC will receive no fresh capital from the issue, and all proceeds go to selling shareholders.
Issue Break-up
| Category | Allocation | Approx Shares |
| Qualified Institutional Buyers (QIB) | ≤ 50% | ~40,21,650 |
| Retail Individual Investors | ≥ 35% | ~28,15,155 |
| Non-Institutional Investors (NII) | ≥ 15% | ~12,06,495 |
| Total | 100% | ~80,43,300 |
(Standard SEBI OFS allocation structure applied.)
Selling Shareholders (OFS Only)
- Promoters / Founders:
- Prof. Shashikanth Suryanarayanan
- Amit Arun Dixit
- Manish Sharma
- Anaykumar Avinash Joshi
- Investors Selling:
- A91 Emerging Fund II LLP
- NRJN Family Trust
- Xponentia Opportunities Fund II
- Mace Pvt. Ltd
- 360 ONE Special Opportunities Fund – Series 8
- 360 ONE Monopolistic Market Intermediaries Fund
- HDFC Life Insurance Co. Ltd
(This list reflects major shareholders selling shares in the OFS.)
All proceeds from the IPO go to selling shareholders; SEDEMAC Mechatronics will not receive funds under this offer.
Objects of the Issue (Fund Utilization)
Since this is entirely an Offer For Sale, SEDEMAC Mechatronics will not use IPO proceeds for corporate purposes. Instead, proceeds will be distributed to existing shareholders selling their stake as part of their investment monetisation strategy.
Lead Managers & Registrar
- Book Running Lead Managers (BRLMs):
- ICICI Securities Ltd.
- Avendus Capital Pvt. Ltd.
- Axis Capital Ltd.
- Registrar to the Issue: MUFG Intime India Pvt. Ltd.
Promoters & Management
SEDEMAC Mechatronics was founded by a group of technologists and entrepreneurs:
- Prof. Shashikanth Suryanarayanan – Co-founder, key promoter (associated with IIT-Bombay)
- Amit Arun Dixit – Joint promoter
- Manish Sharma – Promoter
- Anaykumar Avinash Joshi – Promoter
The founders developed the company from a research lab project into a leading Indian manufacturer of control electronics for vehicular and industrial applications.
COMPANY DETAILS
SEDEMAC Mechatronics Ltd. was incorporated in July 2007 and is headquartered in Pune, Maharashtra, India. It specialises in designing and manufacturing powertrain controllers, motor control products and integrated starter-generator (ISG) solutions, selling to major OEMs in India and internationally, including the United States and Europe.
Key Business Areas:
- Integrated electric & sensorless motor control systems for automotive, electric mobility and industrial machines.
- Electronic Control Units (ECUs), genset controllers and powertrain electronics.
- Products based on proprietary sensor-less commutation (“SLC”) and control technology.
Operations & Market:
- Customer base includes OEMs in two-wheelers, three-wheelers, power equipment and industrial equipment segments.
- ISO-certified manufacturing with a focus on scalability and exports.
Financial Snapshot
| Financial Year | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY25 | ~658.4 | ~47.0 |
| FY24 | ~530.6 | ~5.9 |
| FY23 | ~429.9 | ~8.6 |
(Revenue and PAT sourced from latest filings & media reports.)
Growth Highlights:
- Revenue grew ~24% from FY24 to FY25.
- PAT jumped ~8× in FY25 versus FY24.
Company Strengths
- Innovative deeptech product portfolio structuring advanced sensorless motor and ECU technologies.
- Strong OEM relationships domestically & internationally (US, Europe).
- Proprietary control technologies developed in-house offering competitive advantage.
- Fast revenue & profit growth, with strong FY25 performance.
- Strategic leadership backed by academic entrepreneurship (IIT-Bombay roots).
- ISO-certified manufacturing & diversified product range.
Key Risks & Challenges
- Highly competitive electronics & automotive supplier sector, with global players.
- Market cycles impact automotive & industrial demand, affecting future sales.
- OFS nature — no fresh capital for growth via IPO, depends on post-listing secondary market performance.
- Valuation risk — large issue size and premium pricing implies valuation expectations must be met by performance.
- Tech execution risk — sustaining product innovation and quality at scale.
Disclaimer
This document is for informational and educational purposes and does not constitute investment advice. Investors should read the Red Herring Prospectus (RHP) and consult certified financial advisors before making investment decisions. Past performance is not indicative of future results and all investments carry risk.
