SEDEMAC Mechatronics is launching an initial public offering (IPO) worth ₹1,087.45 crore. The issue is entirely an Offer for Sale (OFS) of 0.80 crore shares, which means existing shareholders are selling their stake and the company will not receive any fresh funds from the IPO.
The IPO will open for subscription on March 4, 2026, and close on March 6, 2026. The allotment is expected to be finalised on March 9, 2026, and the shares are likely to list on the BSE and NSE on March 11, 2026.
The price band for the IPO has been fixed at ₹1,287 to ₹1,352 per share. The lot size is 11 shares. At the upper price band, the minimum investment required for a retail investor is ₹14,872. For small non-institutional investors (sNII), the minimum application is 14 lots or 154 shares, amounting to ₹2,08,208. For big non-institutional investors (bNII), the minimum is 68 lots or 748 shares, requiring an investment of ₹10,11,296.
ICICI Securities Ltd. is the book running lead manager to the issue, while MUFG Intime India Pvt. Ltd. is acting as the registrar.
SEDEMAC Mechatronics IPO Objectives
The IPO is entirely an offer for sale, and the company will not receive any proceeds from it.
About SEDEMAC Mechatronics
SEDEMAC Mechatronics Ltd, established in 2007 and headquartered in Pune, operates in the field of advanced control electronics. The company develops and manufactures electronic control systems such as powertrain controllers, motor control units, and integrated starter-generator systems used in automotive and industrial segments.
A key differentiator for SEDEMAC is its in-house developed sensor-less motor control technology. This innovation allows systems to function with precision without relying on external sensors, helping improve efficiency, reduce complexity, and lower costs. The company partners with leading original equipment manufacturers (OEMs) to design customised and scalable control solutions tailored to specific applications.
SEDEMAC has aligned its product portfolio with the rising shift toward electrification, particularly in two-wheelers, three-wheelers, and power equipment. Backed by consistent operational growth and an expanding international presence, the company is strengthening its position in the evolving control systems and mobility technology landscape.
Industry Outlook
- Premiumisation Driving Higher Tech Adoption: The two-wheeler market is steadily shifting toward premium motorcycles and scooters with higher engine capacity and advanced features. Features such as connectivity, keyless ignition, silent start systems, and improved performance are becoming standard in higher segments. This increases demand for advanced control electronics and integrated systems.
- Rapid Electrification and EV Growth:Electric two-wheeler penetration is projected to reach 25–30% by FY30, with the segment expected to grow at a strong pace. Legacy OEMs and new-age players are expanding EV portfolios and production capacity. Electrification requires sophisticated motor control, battery integration, and power management systems. This structural shift supports long-term demand for electronic control solutions.
- Shorter Replacement Cycles Boosting Volumes:Replacement cycles have reduced from 10–12 years to around 6–7 years, increasing purchase frequency. Faster technological upgrades and better financing access are encouraging earlier vehicle upgrades. Rising premiumisation and electrification further accelerate this trend. Higher repeat demand supports sustained volume growth across segments.
How To Apply for the SEDEMAC Mechatronics IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the SEDEMAC Mechatronics IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of SEDEMAC Mechatronics IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of SEDEMAC Mechatronics
Registered office: Survey No. 270/1/A/2, Pallod Farms Baner Road, Baner, Baner Gaon, Haveli, Pune, Maharashtra, 411045
Phone Number: +91 20 6715 7200
Email ID: cs@sedemac.com
SEDEMAC Mechatronics IPO Reservation
| Investor Category | Shares Offered |
| QIB (Qualified Institutional Buyers) | Not more than 50% of the Net Offer |
| Retail Investors | Not less than 35% of the Net Offer |
| NII (Non-Institutional Investors) | Not less than 15% of the Net Offer |
SEDEMAC Mechatronics IPO Lot Size Details
| Application Category | Lots | Shares | Amount (₹) |
| Retail (Min) | 1 | 11 | ₹14,872 |
| Retail (Max) | 13 | 143 | ₹1,93,336 |
| S-HNI (Min) | 14 | 154 | ₹2,08,208 |
| S-HNI (Max) | 67 | 737 | ₹9,96,424 |
| B-HNI (Min) | 68 | 748 | ₹10,11,296 |
SEDEMAC Mechatronics IPO Promoter Holding
The promoters of the company are Prof. Shashikanth Suryanarayanan, Amit Arun Dixit, Manish Sharma and Anaykumar Avinash Joshi.
| Description | Percentage Holding |
| Promoter Holding (Pre-Issue) | 26.43% |
| Promoter Holding (Post-Issue) | To be updated |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for SEDEMAC Mechatronics IPO
| Metric | FY25 |
| EBITDA Margin (%) | 19.00% |
| Profit Margin (%) | 7.15% |
| Return on Capital Employed (RoCE) (%) | 13.04% |
| Return on Equity (RoE) (%) | 28.87% |
| Debt–Equity Ratio | 0.18 |
SEDEMAC Mechatronics IPO Prospectus
SEDEMAC Mechatronics IPO Registrar and Lead Managers
SEDEMAC Mechatronics IPO Lead Managers
- ICICI Securities Ltd.
Registrar for SEDEMAC Mechatronics IPO
Name: MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sedemac.ipo@in.mpms.mufg.com
Financial Performance of SEDEMAC Mechatronics
| Metric (₹ million) | FY23 | FY24 | FY25 |
| Revenue from Operations | 5,306.53 | 6,583.63 | 6,583.63* |
| Profit for the Year | 58.78 | 4,230.28 | 470.45 |
| EBITDA | 542.40 | 831.24 | 1,250.68 |
| Basic EPS (₹) | 1.45 | 85.73 | 10.93 |
SEDEMAC Mechatronics Peer Comparison
| Company | Revenue (₹ Mn) | EPS (₹) | NAV (₹/Share) | P/E (x) | RONW (%) |
| SEDEMAC Mechatronics Ltd. | 6,583.63 | 10.93 | 71.57 | NA | 15.48 |
| Bosch Ltd. | 180,874.00 | 683.25 | 4,682.43 | 53.89 | 14.59 |
| ZF Commercial Vehicle Control Systems India Ltd. | 38,309.63 | 242.90 | 1,697.00 | 52.19 | 14.31 |
| Sona BLW Precision Forgings Ltd. | 35,460.21 | 9.92 | 88.39 | 49.49 | 10.94 |
| Schaeffler India Ltd. | 82,323.80 | 60.10 | 341.57 | 68.06 | 17.59 |
Strengths and Opportunities for SEDEMAC Mechatronics IPO
- The company has pioneered several control-intensive technologies, creating strong entry barriers. Early OEM adoption reinforces long-term market leadership.
- It was the first globally to developsensorless ISG systems for small 2W/3W ICE vehicles. Over 7.5 million units installed underline its scale and credibility.
- It commands around 75% market share in India’s genset controller segment by volume. Globally, it ranks among leading suppliers in this category.
- Technologies likeSmartIgn have been deployed in over 43 million vehicles cumulatively. Continuous product evolution strengthens competitive positioning.
- Complete ownership of design, engineering, and manufacturing enables faster innovation. This integration allows swift response to regulatory and supply disruptions.
Risks and Threats for SEDEMAC Mechatronics IPO
- The company’s product lifecycle model exposes it to evolving risks at each stage of development and adoption. Failure to secure anchor customer support can limit commercialization and wider market acceptance.
- Over 80% of revenue is derived from the mobility segment, primarily two- and three-wheelers. Any slowdown or regulatory disruption in this industry could materiallyimpact performance.
- The industrial segment, particularly gensets, faces regulatory and environmental headwinds. A shift toward cleaner alternatives may reduce long-term demand for genset controllers.
- A significant share of revenue comes from ISG and integrated ECU product lines. Reduced demand, technology shifts, or operational disruptions in this segment could sharply affect earnings.
- A large portionof revenue is generated from a few key customers, especially TVS Motor. Loss or reduction of orders from major clients could materially affect revenues and cash flows.
