IPO · Mobility & Logistics

Sedemac Mechatronics ipo opens March 4

By Startup Enthusiast · 26 February 2026

What they do

Sedemac designs and makes electronic control systems for vehicles and industrial machines

Its ₹1,087 crore IPO is entirely an offer for sale, with a price band of ₹1,287-1,352 per share

The IPO values the company at about ₹5,970 crore; it is the fifth new-age tech IPO of 2026

Sedemac Mechatronics' IPO opens for bidding on March 4, 2026 and closes on March 6, 2026.
Anchor bidding (a pre-IPO allocation to large investors) will take place on March 2, 2026.
Shares are expected to start trading on stock exchanges on March 11, 2026.
The IPO is entirely an offer for sale (OFS) – existing shareholders sell their shares; no new money goes to the company – of up to 80.43 lakh shares.
The price band is ₹1,287 to ₹1,352 per share.
At the upper price band, the company seeks a valuation of about ₹5,970 crore ($657 million).
The IPO size is ₹1,087 crore.
SEBI (Securities and Exchange Board of India) approved the IPO in February 2026; draft papers were filed in November 2025.

Sedemac is the fifth new-age tech company to go public in 2026, following Aye Finance, Fractal Analytics, Amagi, and Shadowfax.
Investor appetite for 2026 IPOs has been weak, with attention shifting to predictable cash flows, sustainable unit economics, and operational discipline.
The company's net profit for the first nine months of FY26 was ₹71.4 crore on operating revenue of ₹770.66 crore.
Full FY25 net profit was ₹47.1 crore, up 8 times year-on-year, while operating revenue grew 24% to ₹658.4 crore.

Sedemac creates electronic control systems for vehicles and industrial equipment.
Its product range includes engine and motor control units, integrated starter generators, fuel injection systems, and genset controllers.
The mobility segment contributes nearly 86% of its revenue.
Its customers are two-wheelers, three-wheelers, electric vehicles, and small industrial powertrains.
Key clients are Tata Motors, Mahindra Group, Ashok Leyland, and TVS Motors.
The company is headquartered in Pune.

NRJN Family Trust (selling shareholder) — It is the biggest selling shareholder, offering **10.5 lakh shares**.
Xponentia Capital (selling shareholder) — It is the biggest selling shareholder, offering **10.43 lakh shares**; it held a **11.06%** pre-IPO stake.
A91 Partners (selling shareholder) — It held the highest pre-IPO stake at **18.16%**.
360 ONE Asset (selling shareholder)
HDFC Life Insurance (selling shareholder)
Mace Group (selling shareholder)