SEDEMAC Mechatronics IPO

SEDEMAC Mechatronics Limited, a deep‑tech IIT start‑up backed by A91 Partners and Catamaran Ventures, is launching a ₹1,087.45 crore mainboard IPO from 4–6 March 2026, entirely an offer for sale (OFS) in the ₹1,287–₹1,352 price band, giving investors exposure to a niche leader in powertrain controls and electronic control units (ECUs) for automotive and industrial applications.

SEDEMAC Mechatronics IPO – Key details

The issue is pure OFS, so all proceeds go to selling shareholders (promoters and PE/financial investors); the company itself receives no fresh capital.

Business snapshot – what does SEDEMAC do?

• Core business: Design and manufacture of electronic control units (ECUs) and controllers for:
  • Gensets (generator set controllers).
  • Automotive powertrains (two‑wheelers, passenger vehicles, commercial vehicles).
  • Industrial engines and equipment.
• Positioning: One of India’s leading manufacturers of genset controllers and a key supplier of powertrain control solutions.
• Customers: Leading OEMs in India and overseas; ECUs supplied to clients in US and Europe, besides domestic players.
• Origin: Deep‑tech company with strong R&D roots and IIT linkages, backed by marquee investors A91 Partners, Catamaran Ventures, Xponentia Capital and others.

Company Financials (Restated)

The company has shown strong financial growth over the years. As of December 31, 2025, total assets stood at ₹676.01 crore, compared to ₹491.16 crore as of March 31, 2025, ₹402.24 crore as of March 31, 2024, and ₹331.28 crore as of March 31, 2023. Total income increased steadily to ₹775.31 crore for the period ended December 2025, up from ₹662.54 crore in FY25, ₹535.90 crore in FY24, and ₹429.87 crore in FY23.

Profit after tax (PAT) rose significantly to ₹71.50 crore as of December 2025, compared to ₹47.05 crore in FY25, ₹5.88 crore in FY24, and ₹8.57 crore in FY23, indicating improving profitability. EBITDA also strengthened consistently, reaching ₹161.07 crore as of December 2025, versus ₹125.07 crore in FY25, ₹83.12 crore in FY24, and ₹54.24 crore in FY23.

The company’s net worth expanded sharply to ₹411.23 crore as of December 2025, from ₹303.88 crore in FY25, ₹124.43 crore in FY24, and ₹115.22 crore in FY23. Reserves and surplus followed a similar upward trend, increasing to ₹366.74 crore as of December 2025, compared with ₹303.35 crore in FY25, ₹124.03 crore in FY24, and ₹114.93 crore in FY23. Meanwhile, total borrowings declined to ₹46.89 crore as of December 2025, down from ₹49.62 crore in FY25, ₹150.62 crore in FY24, and ₹109.61 crore in FY23, reflecting improved balance sheet strength.

Strengths of SEDEMAC Mechatronics IPO

• Niche leadership in genset controllers and powertrain ECUs with strong OEM relationships.
• Deep‑tech, R&D‑driven company with IIT roots and complex engineering capabilities.
• Diversified end‑markets across automotive, industrial, and power generation segments.
• Presence in both domestic and export markets (US, Europe), reducing single‑geography risk.
• Backing from reputed investors (A91 Partners, Catamaran, Xponentia, 360 ONE, HDFC Life) enhances governance comfort.
• Strong revenue and profit growth in recent years driven by rising electronics content in vehicles and equipment.

Risks of SEDEMAC Mechatronics IPO

• 100% OFS – no fresh capital to company, entire proceeds go to selling shareholders.
• High dependence on key OEM customers; loss of a large client could materially impact revenues.
• Exposure to automotive and industrial cycles, including genset demand and capex cycles.
• Valuation risk at upper band given mid‑size scale and sector cyclicality.
• Technology and obsolescence risk as powertrain and emission norms evolve rapidly.
• Competition from larger global ECU suppliers and in‑house OEM solutions.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services 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 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 IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro 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. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

1. What are the SEDEMAC Mechatronics IPO dates?
The SEDEMAC Mechatronics IPO opens on 4 March 2026 and closes on 6 March 2026. The basis of allotment is expected on 9 March, refunds and credit on 10 March, and listing on 11 March 2026 on BSE and NSE.

2. What is the SEDEMAC Mechatronics IPO price band and lot size?
The price band is fixed at ₹1,287–₹1,352 per share, with a lot size of 11 shares. For retail investors, the minimum investment is 1 lot = 11 shares ≈ ₹14,872 at the upper band.

3. What is the total issue size and structure of SEDEMAC Mechatronics IPO?
The IPO is a book‑built issue of ₹1,087.45 crore, comprising 80.43 lakh equity shares, structured as a 100% offer for sale (OFS) with no fresh issue component.ticker.

4. Who are the selling shareholders in the OFS?
Promoters Manish Sharma, Ashwini Amit Dixit and investors including A91 Emerging Fund II LLP, NRJN Family Trust, Xponentia Opportunities Fund, Mace Pvt Ltd, 360 ONE group, HDFC Life Insurance Company and others will offload part of their stake through the OFS.legal.

5. Will SEDEMAC Mechatronics receive any money from this IPO?
No. Since the IPO is entirely an OFS, all proceeds will go to the selling shareholders and SEDEMAC will not receive any funds from the issue.