SEDEMAC Mechatronics Files DRHP with SEBI for ₹800-1,000 Crore IPO via Offer for Sale

Pune-based SEDEMAC Mechatronics Limited, a provider of advanced control systems for engines and powertrains, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise between ₹800 crore and ₹1,000 crore through an Initial Public Offering (IPO). The public issue will be a pure Offer for Sale (OFS) of 8,043,300 equity shares with a face value of ₹10 each.

IPO Structure and Allocation

The IPO is entirely an Offer for Sale by existing shareholders, meaning SEDEMAC will not receive any proceeds from the issue. The offer includes 45,000 shares by promoter shareholders, 67,500 shares by promoter group shareholders, and 7,930,800 shares by investor shareholders.

The issue will follow the Book Building Process in accordance with SEBI’s ICDR Regulations. The share allocation structure will be as follows: not more than 50 percent of the offer reserved for Qualified Institutional Buyers (QIBs), at least 15 percent for Non-Institutional Investors (NIIs), and a minimum of 35 percent for Retail Individual Investors (RIIs).

In addition, up to 5 percent of the post-offer capital will be reserved for employees under the employee quota.

ICICI Securities Limited, Avendus Capital Private Limited, and Axis Capital Limited are the Book Running Lead Managers (BRLMs) for the IPO, while MUFG Intime India Private Limited will act as the registrar.

The company has already received in-principle approval for listing from both the BSE and the NSE.

Financial Overview

SEDEMAC Mechatronics has recorded consistent growth across key financial metrics in recent years, according to its restated consolidated financial statements.

Total assets increased from ₹3,312 million in FY23 to ₹4,912 million in FY25, further rising to ₹5,522 million as of Q1 FY26. Cash and cash equivalents improved significantly to ₹145 million in Q1 FY26, indicating effective liquidity management. The company’s inventory levels have steadily increased, signalling growth in operations and production scalability.

Company Background and Business Model

SEDEMAC Mechatronics Limited was incorporated in 2007 and became a publicly traded entity in September 2024. The company’s promoters include Prof. Shashikanth Suryanarayanan, Amit Arun Dixit, Manish Sharma, and Anaykumar Avinash Joshi. Its registered office is located at Pallod Farms, Baner Road, Pune.

The company specialises in the design and manufacture of engine controllers, motion control systems, and powertrain management solutions. Its products cater to diverse sectors, including automotive, generator, and industrial equipment manufacturing.

Read More: ANMI Urges SEBI to Restore Bank Nifty Weekly Derivatives.

Conclusion

With its upcoming IPO, SEDEMAC Mechatronics aims to provide liquidity to existing investors while strengthening its market visibility. Backed by their R&D, a diversified product base, and growing demand for energy-efficient powertrain solutions, the company looks to expand expanding field of mechatronic and embedded control technologies.

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