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Powertrain-focused Sedemac’s Rs.1,087-Cr IPO subscribed 2.68x

Business Line   IPO Prospectus  

Pune-based Sedemac Mechatronics' initial public offering (IPO) of INR 1,087 crore was subscribed 2.68 times. The IPO is entirely an Offer-for-Sale (OFS) of 8,043,300 equity shares by promoters Manish Sharma and Ashwini Amit Dixit and other selling shareholders including A91 Partners (via A91 Emerging Fund II LLP), Nandan Nlekani (NRJN Family Trust), Xponentia Capital Partners and 360 One.The price band for the IPO was set between INR 1,287 and INR 1,352 per share, valuing the company at about INR 6,000 crore at the higher end. The qualified institutional buyers (QIBs) category was subscribed 8.46 times, while the non-institutional investors category received 77% subscription, and the retail individual investors (RIIs) category was subscribed 20%.Sedemac is a supplier of control-intensive electronic control units (ECUs) to original equipment manufacturers (OEMs) in the mobility and industrial markets across India, the US, and Europe. The company's customers include TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs & Stratton LLC, and DEIF India.

Between May 2010 and Apr 2025, Sedemac Mechatronics had attracted about USD 127 M from Nexus Venture Partners, India Innovation Fund, Nandan Nilekani, TR Capital, Iron Pillar, Raintree Ventures, 360 ONE, A91 Partners, Xponentia Capital, Catamaran, White Oak Capital Management and others.For FY25, Sedemac Mechatronics had reported about INR 658 Cr in Operating Income and about INR 47 Cr in PAT.