Sedemac Mechatronics shares list at 14% premium over IPO price on bourses

Shares of Sedemac Mechatronics made their D-Street debut on Wednesday, listing at nearly a 14% premium to the IPO price. The stock opened at Rs 1,535 on the NSE, a 13.54% premium over the issue price of Rs 1,352. On the BSE, it opened at Rs 1,510, up 11.6% from the issue price.

The listing exceeded unlisted market expectations, which had anticipated a flat debut. The GMP for Sedemac Mechatronics hovered around zero ahead of the debut, suggesting the stock might have listed close to its issue price of Rs 1,352 per share on both the BSE and NSE.

The Rs 1,087 crore IPO of Sedemac Mechatronics had opened for subscription from March 4 to March 6. The public issue was entirely an offer for sale (OFS) of about 80.43 lakh shares, meaning the company itself will not receive any proceeds from the issue and the funds will go to existing shareholders selling their stakes.


The issue received moderate overall demand, with the IPO being subscribed 2.68 times by the final day of bidding. Institutional investors led the demand, with the qualified institutional buyers (QIB) portion subscribed 8.46 times, while the non-institutional investor (NII) category saw 0.77 times subscription. Retail participation remained subdued, with the retail portion subscribed only 0.20 times.

Ahead of the IPO opening, Sedemac had raised Rs 325.9 crore from anchor investors on March 2.

Founded in 2007, Sedemac Mechatronics is a Pune-based technology company focused on control electronics for automotive and industrial applications. The company designs and manufactures powertrain controllers, motor control units and integrated starter-generator solutions, supplying products to several automotive original equipment manufacturers.

The company is among the first in India to develop sensorless commutation-based integrated starter generator (ISG) electronic control units for two-wheelers and three-wheelers with internal combustion engines. Its portfolio spans engine-powered two- and three-wheelers, electric vehicles, e-bikes and generator applications.

Its key products include ISG ECUs, EFI ECUs, combined ISG+EFI controllers, electric vehicle motor controllers and electric machines used in two-wheelers, three-wheelers and electric bicycles.

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Financially, the company has reported steady growth over the past few years. For the nine months ended December 2025, SEDEMAC reported total income of Rs 775 crore and profit after tax of Rs 71 crore. In the financial year ended March 2025, the company posted revenue of Rs 662 crore and profit after tax of Rs 47 crore.

The company has also improved its operating metrics, with EBITDA margins expanding to about 20.9% as of December 2025, while return ratios such as ROE and ROCE stood above 20% and 32% respectively.

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At the upper end of the price band, the IPO values Sedemac Mechatronics at a market cap of around Rs 5,970 crore.

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