Pune-based powertrain controls and automotive components maker Sedemac Mechatronics, which is backed by Xponentia Capital Partners, A91 Partners, and 360 ONE, has filed draft document with the SEBI to raise funds via initial public offering (IPO).
The IPO comprises of entirely an offer-for-sale of 80.43 lakh shares by promoters and investors with no fresh issue component. Hence, the entire IPO proceeds will go to the selling shareholders and the company will not receive any funds from the offer.
Apart from promoters (Manish Sharma and Ashwini Amit Dixit), Xponentia Capital Partners, A91 Partners, 360 ONE, HDFC Life Insurance Company, Mace, and NRJN Family Trust are the selling shareholders in the IPO.
As per the DRHP filing on November 10, the promoters' shareholding in Sedemac Mechatronics that manufactures electronic components primarily powertrain controllers for automotive, and gensets sectors stands at 26.44 percent, while the public shareholders including A91 Partners (being the largest shareholder with 18.16 percent stake), Xponentia Capital Partners (11.06 percent), 360 ONE, and Mace hold 73.56 percent stake.
Sedemac is the first company in India to develop, design and manufacture sensorless commutation based integrated starter generators ECUs (electronic control units) for two-wheeler and 3-wheelers internal combustion engine (ICE) powered vehicles.
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TVS Motor Company is the largest customer of Sedemac with around 80 percent contribution to its revenue in the fiscal gone by, while other customers were Bajaj Auto, Kirloskar Oil Engines, Briggs and Stratton, and DEIF India.
The company claims the largest supplier of genset controllers in India has recorded profit of Rs 17 crore on revenue of Rs 217.4 crore for the quarter ended June 2025. Profit in the last fiscal 2025 at Rs 46.6 crore increased by over 8-fold from Rs 5.6 crore in previous financial year. Revenue in the same fiscal years soared 24 percent to Rs 658.4 crore, up from Rs 530.6 crore.
The book running lead managers handling the Sedemac Mechatronics IPO are ICICI Securities, Avendus Capital, and Axis Capital.
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