SEDEMAC Mechatronics IPO Price Band Set at ₹1,287–₹1,352 for OFS Issue

The SEDEMAC Mechatronics IPO has been launched with a price band of ₹1,287 to ₹1,352 per equity share of face value ₹10 each. The public issue will open for subscription on March 4, 2026, and close on March 6, 2026, while anchor investor bidding is scheduled for March 2, 2026. Structured entirely as an offer for sale, the SEDEMAC Mechatronics IPO will not involve any fresh issuance of shares, ensuring that proceeds go directly to the selling shareholders.

Price Band and Subscription Details

The SEDEMAC Mechatronics IPO allows investors to bid for a minimum of 11 equity shares and in multiples of 11 thereafter. The defined price band reflects the company’s positioning in control-intensive automotive electronics and ECU development across domestic and global markets.

Employee Reservation and Discount

Eligible employees participating in the Employee Reservation Portion are offered a discount of ₹128 per equity share. The total allocation reserved for employees is capped at ₹10 million, reinforcing internal participation in the SEDEMAC Mechatronics IPO.

Offer Structure and Selling Shareholders

The entire issue comprises an offer for sale of up to 8,043,300 equity shares. Since the SEDEMAC Mechatronics IPO is purely an OFS, the company will not receive any capital from the transaction. Existing promoters and institutional investors are divesting part of their holdings through this offering.

Institutional and Promoter Participation

Selling shareholders include promoters Manish Sharma and Ashwini Amit Dixit, along with investors such as A91 Emerging Fund II LLP, HDFC Life Insurance Company Limited, 360 One Special Opportunities Fund, and Xponentia Opportunities Fund II. Their participation underscores institutional confidence ahead of the SEDEMAC Mechatronics IPO listing.

Business Overview and Expansion Strategy

Founded in 2007 by four engineers from the Indian Institute of Technology Bombay, SEDEMAC Mechatronics has evolved into a supplier of proprietary Electronic Control Units to major OEMs across India, the United States, and Europe. The company serves two-wheelers, three-wheelers, electric vehicles, and generator segments with in-house control technology.

Future Growth Areas

According to the Red Herring Prospectus, the company has completed proof-of-concept demonstrations in sensorless motor control and is developing ECUs for commercial vehicle platforms. Expansion into the commercial vehicle segment and power tools market is expected to support long-term strategic growth following the SEDEMAC Mechatronics IPO.

Book Building and Listing Framework

The SEDEMAC Mechatronics IPO is being conducted through the book building process. ICICI Securities Limited, Avendus Capital Private Limited, and Axis Capital Limited have been appointed as Book Running Lead Managers. The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited.

Allocation Structure Under SEBI Regulations

The allocation framework complies with SEBI ICDR Regulations. Up to 50% of the net offer is allocated to Qualified Institutional Buyers, with up to 60% of the QIB portion available for anchor investors on a discretionary basis. Not less than 15% is reserved for Non-Institutional Bidders, while a minimum of 35% is allocated to Retail Individual Bidders, ensuring balanced participation across investor categories.

The SEDEMAC Mechatronics IPO reflects a structured exit by existing shareholders while positioning the company for broader public market visibility in the automotive electronics and ECU segment.