Society for Innovation and Entrepreneurship (SINE), supported by IIT Bombay, plans to sell 4 lakh shares in the SEDEMAC Mechatronics IPO. This move is detailed in the company’s red herring prospectus, which specifies the offloading of 4,08,000 equity shares. The incubator is set to earn around Rs 55 crore from this sale, representing 0.92% of the pre-offer paid-up equity share capital.
The public offering of SEDEMAC Mechatronics, based in Pune, began on March 4 and is set to conclude on March 6. BSE data shows that the IPO was oversubscribed, with bids received for 94,49,242 shares against 56,32,899 shares on offer, indicating a 1.68-times subscription by 2:18 pm. The IPO price band is fixed between Rs 1,287 and Rs 1,352 per share, valuing the company at nearly Rs 6,000 crore at the upper end.
SEDEMAC Mechatronics, headquartered in Pune, specializes in developing control-intensive electronic control units (ECUs) for OEMs in mobility and industrial sectors in India, the US, and Europe. The company’s offerings include sensor-less commutation-based integrated starter generator ECUs for two- and three-wheeler internal combustion engine vehicles. Key customers of SEDEMAC include TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs & Stratton LLC, and DEIF India.
In terms of financial performance, SEDEMAC reported revenue of Rs 217.35 crore and a net profit of Rs 17.07 crore for the quarter ended June 30, 2025. For the fiscal year 2025, the company recorded revenue of Rs 658.36 crore and a PAT of Rs 47.04 crore. SEDEMAC Mechatronics Ltd is expected to debut on Dalal Street on March 11.
The IPO allocation consists of 50% for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs). ICICI Securities, Avendus Capital, and Axis Capital are the book-running lead managers for the IPO.
