SEDEMAC Mechatronics IPO
SEDEMAC Mechatronics IPO was a Mainboard book-built Offer for Sale (OFS) of 80.43 lakh equity shares aggregating to approximately ₹1,087.35 crore. The IPO price band was ₹1,287 to ₹1,352 per share, with a lot size of 11 shares. The IPO opened on March 4,
SEDEMAC Mechatronics IPO Details
SEDEMAC Mechatronics IPO bidding started from Mar 4, 2026 and ended on Mar 6, 2026. The allotment for SEDEMAC Mechatronics IPO was finalized on Mar 9, 2026. The shares got listed on the NSE and the BSE on Mar 11, 2026.
SEDEMAC Mechatronics IPO GMP
SEDEMAC Mechatronics IPO GMP reflects the unofficial Grey Market Premium of the shares before listing. The GMP moved sharply during the IPO period, showing significant changes in grey-market sentiment. It reached ₹101 on February 26 and later moved into negative territory before recovering. The GMP is an unofficial indicator and should not be considered a guarantee of the actual listing price. SEDEMAC Mechatronics ultimately listed at ₹1,535 on NSE against the issue price of ₹1,352.
SEDEMAC Mechatronics IPO Timeline (Tentative)
SEDEMAC Mechatronics IPO opened for subscription on March 4, 2026, and closed on March 6, 2026. The basis of allotment was finalized on March 9, refunds were initiated on March 10, and the shares were listed on March 11, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Mar 4, 2026 |
| IPO Close Date | Fri, Mar 6, 2026 |
| Basis of Allotment | Mon, Mar 9, 2026 |
| Initiation of Refunds | Tue, Mar 10, 2026 |
| Credit of Shares to Demat | Tue, Mar 10, 2026 |
| Listing Date | Wed, Mar 11, 2026 |
| IPO Opens | March 4, 2026 |
| IPO Closes | March 6, 2026 |
| Basis of Allotment | March 9, 2026 |
| Refund Initiation | March 10, 2026 |
| Share Credit | March 10, 2026 |
| Listing Date | March 11, 2026 |
SEDEMAC Mechatronics IPO Lot Size
SEDEMAC Mechatronics IPO had a minimum lot size of 11 shares. At the upper price band of ₹1,352 per share, one lot required a minimum investment of ₹14,872.
| Application | 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 Reservation
SEDEMAC Mechatronics IPO comprises a total issue size of 80,43,300 shares. The net offer to the public is 80,35,131 shares, after excluding 8,169 shares under a preferential allotment. Of the Net offer 40,17,565 (50.00%) are allocated to QIB, 12,05,270 (15.00%) allocated to NII 28,12,296 (35.00%) allocated to RII.
SEDEMAC Mechatronics IPO Subscription
SEDEMAC Mechatronics IPO received 2.68 times overall subscription by the end of the bidding period. QIB demand was particularly strong at 8.46 times, while the retail portion was subscribed 0.20 times.
| Category | Subscription (times) |
|---|---|
| QIB | 8.46x |
| NII | 0.77x |
| RII | 0.20x |
| Employees / Others | 2.95x |
| Total | 2.68x |
About SEDEMAC Mechatronics
Incorporated in 2007, SEDEMAC Mechatronics Ltd is a Pune-based technology company specializing in control electronics. It designs and manufactures powertrain controllers, motor control products, and integrated starter-generator solutions for automotive and industrial applications.
The company focuses on innovation through patented sensor-less motor control technology, enabling precise performance without external sensors. SEDEMAC works closely with major OEMs, offering reliable, efficient, and scalable electronic solutions.
The company is the first in India to develop, design, and manufacture sensorless commutation (SLC)-based integrated starter generators (ISG) ECUs for two-wheeler and three-wheeler (2W/3W) internal combustion engine (ICE) powered vehicles.
The company's flagship products include ISG ECUs, EFI ECUs, combined ISG+EFI ECUs, MCUs for electric vehicles, electric machines (magnetos / motors) for both engine-powered and electric bicycles and 2/3W and GCs.
Products:
- Mobility: Engine-powered Two and Three Wheelers, E-bikes, Small electric vehicles for e-scooters, e-rickshaws, and e-LCVs,Commercial Vehicles
- Generators
As of December 31, 2025, the company had 496 employees.
Competitive Strengths:
- First-to-Market advantage
- Agility
- Synergy across markets and products
- Continued ability to build fresh propositions
- Quality and Delivery
Strengths
- Strong in-house engineering capabilities: SEDEMAC has in-house hardware and embedded-software development capabilities, supported by a technology-focused R&D team.
- Proprietary technology: Its sensorless control technology provides differentiation in integrated starter-generator and motor-control applications.
- High entry barriers: Automotive OEM validation cycles, platform integration and calibration requirements can create switching costs and make it difficult for new competitors to enter established programs.
- Strong OEM relationships: The company has long-standing relationships with leading automotive OEMs and expertise across ICE and EV control systems.
- Growing financial performance: Revenue and profitability have increased strongly in recent years, supported by growth in its control-electronics business.
- EV opportunity: The company is expanding its capabilities in EV motor-control units, giving it exposure to the long-term electrification trend.
- Experienced management: The promoters and management team have significant technical and industry experience.
Risks to Consider
- High customer concentration: TVS Motor contributed 75.48% of revenue for the nine months ended December 31, 2025 and 80.46% in FY2025, creating significant dependence on a single customer.
- Dependence on key products: ISG and combined ISG+EFI ECU products accounted for about 64% of revenue in the nine months ended December 31, 2025, creating product-concentration risk.
- ICE transition risk: A significant part of the current business is linked to internal-combustion-engine applications, while the industry is moving toward EVs.
- EV execution risk: EV products are still at an earlier stage of adoption, so the company must successfully scale its EV business as conventional ICE demand evolves.
- Geographical concentration: Domestic customers accounted for 90.80% of revenue in the nine months ended December 31, 2025, limiting geographical diversification.
- Supplier concentration: Disruptions from important suppliers could adversely affect production, business operations and financial performance.
- 100% OFS structure: The IPO was entirely an Offer for Sale, so SEDEMAC did not receive any proceeds from the issue for expansion or other corporate purposes.
- Premium valuation: The IPO was priced at a high earnings multiple, leaving limited margin for error if the company's growth slows.
KPIs & Valuation
SEDEMAC's key performance indicators show significant improvement in profitability and operating efficiency. Its EBITDA increased from ₹54.24 crore in FY2023 to ₹125.07 crore in FY2025, while the EBITDA margin improved substantially over the period.
Objects of the Issue
SEDEMAC Mechatronics IPO was a 100% Offer for Sale, with no fresh issue of shares. Therefore, the company did not receive any proceeds from the IPO. The proceeds from the Offer for Sale went to the respective selling shareholders.
- Since the IPO consisted entirely of an Offer for Sale of 8,043,300 equity shares, there was no fresh capital raised by SEDEMAC Mechatronics.
Promoters, Lead Managers & Registrar
SEDEMAC Mechatronics Limited was promoted by Prof. Shashikanth Suryanarayanan, Amit Arun Dixit, Manish Sharma and Anaykumar Avinash Joshi. The IPO was managed by three Book Running Lead Managers, while MUFG Intime India Private Limited acted as the Registrar to the Offer.
Promoters
Lead Managers (BRLM)
SEDEMAC Mechatronics IPO Review
SEDEMAC Mechatronics has a strong position in control-intensive electronic systems for automotive and industrial applications. Its product portfolio includes ISG ECUs, EFI ECUs, combined ISG+EFI ECUs, electric-vehicle motor control units and genset controllers. The company has also demonstrated strong recent revenue and profit growth.
A key positive is the company's technology-focused business model and exposure to automotive electronics and electrification. Its improving EBITDA and PAT indicate significant operating growth in the reported periods.
However, the IPO was entirely an OFS, so the company did not receive fresh funds for expansion. Investors should also carefully consider customer concentration, dependence on the automotive industry, the transition from internal-combustion-engine applications toward EVs, and the relatively high valuation implied by the IPO price.
How to Apply
SEDEMAC Mechatronics IPO was a 100% Offer for Sale (OFS) and applications were required to use the ASBA process, including UPI for eligible UPI bidders.
Through UPI
- Open your stockbroker's app or website.
- Go to the IPO section.
- Select SEDEMAC Mechatronics IPO.
- Select the investor category and enter the number of lots.
- Enter your UPI ID linked to your own bank account.
- Submit the IPO application.
- Open your UPI app and approve the mandate request.
- The application amount will be blocked in your bank account.
- If shares are allotted, the required amount will be debited.
- If shares are not allotted, the blocked amount will be released.
Last updated Aug 13, 2026.