Sedemac Mechatronics raises Rs 326 crore from 23 anchor investors; Rs 1,087-crore IPO to open on March 4

Sedemac Mechatronics IPO News

• Sedemac Mechatronics raises Rs 326 crore from 23 anchor investors
• Rs 1,087-crore IPO to open on March 4
• Price band for offer at Rs 1,287–1,352 per share

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Pune-based control-intensive components maker Sedemac Mechatronics has raised Rs 325.88 crore from 23 anchor investors on March 2, ahead of the opening of its Rs 1,087-crore initial public offering (IPO).

The first IPO of the current month will open for public subscription on March 4 and close on March 6. The price band has been fixed at Rs 1,287–1,352 per share. The issue comprises entirely an offer-for-sale (OFS) of 80.43 lakh equity shares by promoters and existing investors.

Xponentia-, 360 ONE-, and A91 Partners-backed Sedemac has finalised the allocation of 24.1 lakh shares to anchor investors at the upper end of the price band.

“Out of the total allocation of 24.1 lakh shares, 16.41 lakh shares were allotted to 10 domestic mutual funds, including HDFC Asset Management Company, SBI Mutual Fund, ICICI Prudential AMC, Aditya Birla Sun Life AMC, Helios MF, HSBC Mutual Fund, and Sundaram MF,” the company said in its exchange filing.

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Marquee investors such as Goldman Sachs, Abu Dhabi Investment Authority, 3P Investment Managers, WhiteOak Capital, and Pinebridge Global Funds also participated in the anchor book.

The company will not receive any proceeds from the IPO, as the entire issue is an offer-for-sale. The funds will be received by the selling shareholders, including Manish Sharma, A91 Emerging Fund, Xponentia Opportunities Fund, Mace, 360 ONE, and HDFC Life Insurance Company.

Sedemac Mechatronics manufactures control-intensive, critical-to-application electronic control units (ECUs) to original equipment manufacturers (OEMs) in the mobility and industrial markets across India, the United States, and Europe. As of December 2025, the company had sold more than one crore control-intensive products to the automotive (two- and three-wheeler) and genset markets.

The company will finalise the IPO share allotment by March 9, while its shares are expected to be available for trading on the BSE and NSE effective March 11.

The merchant bankers managing the Sedemac Mechatronics IPO are ICICI Securities, Avendus Capital, and Axis Capital.