SEDEMAC Mechatronics is launching a book-built IPO with a total issue size of ₹1,087.45 crore. The public offering is entirely an Offer for Sale (OFS) of 0.80 crore equity shares.
The IPO will open for subscription on March 4, 2026, and close on March 6, 2026. The share allotment is likely to be finalised on March 9, 2026. The company’s shares are proposed to be listed on both the BSE and NSE, with a tentative listing date of March 11, 2026.
The price band for the issue has been fixed between ₹1,287 and ₹1,352 per share. Investors must apply for a minimum lot of 11 shares. At the upper price band, the minimum investment required for retail investors is ₹14,872.
For Small Non-Institutional Investors (sNII), the minimum application size is 14 lots (154 shares) amounting to ₹2,08,208. For Big Non-Institutional Investors (bNII), the minimum requirement is 68 lots (748 shares) totaling ₹10,11,296.
ICICI Securities Ltd., Avendus Capital Pvt. Ltd., and Axis Capital Ltd. are the book-running lead managers, while MUFG Intime India Pvt. Ltd. is acting as the registrar to the issue.
(Source: RHP)
Company Overview
SEDEMAC Mechatronics Ltd., incorporated in 2007 and headquartered in Pune, is a technology-driven company specialising in advanced control electronics solutions. The company designs and manufactures powertrain controllers, motor control products, and integrated starter-generator solutions for automotive and industrial applications.
Its patented sensor-less motor control technology enables precise performance without external sensors, enhancing reliability, efficiency, and scalability. The company works closely with major OEMs across automotive and industrial segments, supporting increasing electrification in two-wheelers, three-wheelers, and power equipment.
With strong innovation capabilities and expanding global reach, SEDEMAC is positioned as a key player in intelligent control technologies.
(Source: RHP)
Industry Context
- Automotive and industrial sectors are rapidly electrifying, driven by stricter emission norms, fuel efficiency standards, and long-term sustainability initiatives globally.
- India’s electric two- and three-wheeler markets are seeing strong adoption, supported by government incentives, policy push, and increasing consumer awareness.
- Industrial automation and power equipment expansion is driving sustained demand for advanced motor control and intelligent electronic systems.
- Key risks include semiconductor supply constraints, raw material volatility, rapid technological shifts, and pricing pressure from large OEM customers.
(Source: RHP)
Business Strengths
- First-to-market advantage in control electronics innovation
- Agile R&D and product development capabilities
- Strong OEM partnerships across markets
- Synergy across automotive and industrial applications
- Focus on quality, reliability, and delivery excellence
(Source: RHP)
Financial Performance
SEDEMAC Mechatronics Ltd. – Financials (₹ in crore)
| Particulars | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 552.18 | 491.16 | 402.24 | 331.28 |
| Total Income | 219.96 | 662.54 | 535.9 | 429.87 |
| Profit After Tax | 17.07 | 47.05 | 5.88 | 8.57 |
| EBITDA | 45.69 | 125.07 | 83.12 | 54.24 |
| Net Worth | 321.52 | 303.88 | 124.43 | 115.22 |
| Reserves & Surplus | 320.39 | 303.35 | 124.03 | 114.93 |
| Total Borrowings | 42.18 | 49.62 | 150.62 | 109.61 |
(Source: RHP)
Key Ratios & Metrics (FY25)
| KPI | Value |
|---|---|
| ROE | 22.01% |
| ROCE | 33.79% |
| Debt/Equity | 0.21 |
| RoNW | 15.48% |
| PAT Margin | 7.15% |
| EBITDA Margin | 19.00% |
| Price to Book Value | 18.89 |
(Source: RHP)
Market Outlook & GMP Trends
As of February 27, 2026 (11:29 AM), SEDEMAC Mechatronics IPO is commanding a grey market premium (GMP) of ₹70 per share. Based on the upper price band of ₹1,352, the estimated listing price stands at ₹1,422 (cap price + GMP), indicating a potential gain of approximately 5.18% per share.
Retail Subject to Sauda is quoted at ₹600, while Small HNI Subject to Sauda stands at ₹8,400. However, GMP activity is still at an early stage and remains unofficial; it should not be considered a reliable indicator of actual listing performance.
(Source: Market updates)
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | March 4 – March 6, 2026 |
| Listing Date | Wednesday, March 11, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹1,287 – ₹1,352 per share |
| Lot Size | 11 Shares |
| Issue Type | Book Building IPO |
| Sale Type | Offer for Sale (OFS) |
| Total Issue Size | 80,43,300 shares (₹1,087 Cr) |
| Min. Retail Investment | ₹14,872 (1 lot) |
| Max. Retail Investment | ₹1,93,336 (13 lots) |
| Listing Exchange | BSE, NSE |
| Employee Discount | ₹128 per share |
Conclusion
SEDEMAC Mechatronics IPO offers exposure to India’s fast-growing control electronics and electrification ecosystem. The company benefits from strong OEM relationships, innovative patented technology, and improving financial performance.
While the company has demonstrated significant profit growth and strong return ratios, the valuation appears premium relative to earnings, and the issue being entirely an OFS means no fresh capital infusion into the business.
Investors should carefully evaluate long-term industry trends, technological sustainability, and valuation before making an investment decision.
Disclaimer: Investment in securities market is subject to market risks. Read all the related documents carefully before investing. This content is purely for information purpose only and in no way is to be considered as an advice or recommendation. The securities are quoted as an example and not as a recommendation. Investors are requested to do their own due diligence before investing.
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