Deeptech IIT startup Sedemac Mechatronics announces IPO dates and price band. Check all details here
Sedemac Mechatronics, a deeptech firm born from IIT Bombay, has set its IPO price band at Rs 1,287–1,352 per share for its Rs 1,087 crore offer. The IPO, entirely an offer for sale, opens March 4 and closes March 6, with listing expected on March 11.
By Veer Sharma, ETMarkets.com | Updated:
ETMarkets.com
Sedemac Mechatronics, a deeptech enterprise founded by Professor Shashikanth Suryanarayanan and his students in a lab at IIT Bombay in 2007-08, has fixed the price band for its Rs 1,087 crore initial public offering (IPO) at Rs 1,287–1,352 per share.
The one-day anchor book for institutional investors will open on March 2, while the public issue will open March 4 and close on March 6. The company is expected to finalise the share allotment by March 9, and its equity shares are scheduled to list on the stock exchanges on March 11.
The 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 Asset — are the selling shareholders.
As the public issue is completely an OFS, the entire proceeds will go to the selling shareholders and Sedemac Mechatronics will not receive any funds from the offer.
Sedemac Mechatronics is one of India’s leading manufacturers of genset controllers and supplies electronic control units (ECUs) that are critical for automotive and industrial applications. Its ECUs are used by leading original equipment manufacturers (OEMs) in India as well as in international markets such as the United States and Europe.
A significant portion of the company’s revenue is generated from products built on proprietary control technologies developed in-house, enabling it to deliver customised and value-driven solutions to OEM clients.
On the financial front, revenue from operations increased from Rs 423.03 crore in FY23 to Rs 530.65 crore in FY24, and further to Rs 658.36 crore in FY25. Profit stood at Rs 8.57 crore in FY23, Rs 5.88 crore in FY24 and rose sharply to Rs 47.05 crore in FY25. For the three months ended June 30, 2025, the company reported revenue of Rs 217.36 crore and a profit of Rs 17.07 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The one-day anchor book for institutional investors will open on March 2, while the public issue will open March 4 and close on March 6. The company is expected to finalise the share allotment by March 9, and its equity shares are scheduled to list on the stock exchanges on March 11.
The 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 Asset — are the selling shareholders.
As the public issue is completely an OFS, the entire proceeds will go to the selling shareholders and Sedemac Mechatronics will not receive any funds from the offer.
Sedemac Mechatronics is one of India’s leading manufacturers of genset controllers and supplies electronic control units (ECUs) that are critical for automotive and industrial applications. Its ECUs are used by leading original equipment manufacturers (OEMs) in India as well as in international markets such as the United States and Europe.
A significant portion of the company’s revenue is generated from products built on proprietary control technologies developed in-house, enabling it to deliver customised and value-driven solutions to OEM clients.
ADVERTISEMENT
On the financial front, revenue from operations increased from Rs 423.03 crore in FY23 to Rs 530.65 crore in FY24, and further to Rs 658.36 crore in FY25. Profit stood at Rs 8.57 crore in FY23, Rs 5.88 crore in FY24 and rose sharply to Rs 47.05 crore in FY25. For the three months ended June 30, 2025, the company reported revenue of Rs 217.36 crore and a profit of Rs 17.07 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
