Xponentia Capital- and A91 Partners-backed Sedemac Mechatronics, a manufacturer of control-intensive products for the automotive and genset segments, filed its Red Herring Prospectus (RHP) with the Registrar of Companies on February 25, as it is set to launch its Rs 1,087-crore maiden public issue on March 4.
The one-day IPO anchor book will open for institutional investors on March 2, while the offer will close for the public on March 6. The company will finalise the IPO share allotment by March 9, and its equity shares will be available for trading on the bourses effective March 11.
The price band for the offer has been fixed at Rs 1,287-1,352 per share, valuing the company at Rs 5,970.6 crore.
The initial public offering (IPO) is entirely an offer for sale (OFS) of 80.43 lakh equity shares, with no fresh issue component. Promoters Manish Sharma and Ashwini Amit Dixit, along with seven investors — including A91 Emerging Fund, NRJN Family Trust, Xponentia Opportunities Fund, and 360 ONE — will be the selling shareholders in the OFS.
Hence, the entire proceeds from the IPO will be received by the selling shareholders, and the company will not receive any funds from the offer.
The company has reserved shares worth Rs 1 crore for its employees, who will receive them at a discount of Rs 128 per share to the final offer price.
Investors can bid for a minimum of 11 equity shares and in multiples of 11 shares thereafter. Hence, the minimum investment for retail investors in the IPO would be Rs 14,872, while the maximum investment would be Rs 1,93,336.
Half of the net offer size has been reserved for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.
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Pune-based Sedemac Mechatronics, which supplies control-intensive components to leading original equipment manufacturers in the mobility and industrial markets across India, the United States, and Europe, had filed its IPO papers in November 2025. The proposal was subsequently approved by the Securities and Exchange Board of India earlier in February 2026.
Incorporated in 2007, the company, promoted by Shashikanth Suryanarayanan, Amit Arun Dixit, Manish Sharma, and Anaykumar Avinash Joshi, claims to be the first in India to develop sensorless commutation-based integrated starter generator ECUs (electronic control units) for two- and three-wheeler internal combustion engine (ICE)-powered vehicles. It is also a market leader in India for genset controllers, with a market share of over 75 percent.
On the financial front, Sedemac Mechatronics reported an eight-fold increase in profit to Rs 47 crore for the year ended March 2025, up from Rs 5.8 crore in the previous year. Revenue during the same period rose 24 percent to Rs 658.4 crore, compared with Rs 530.6 crore a year earlier.
In the nine-month period ended December 2025, it recorded a profit of Rs 71.4 crore on revenue of Rs 770.6 crore.
The merchant bankers managing the Sedemac Mechatronics IPO are ICICI Securities, Avendus Capital, and Axis Capital.
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