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Stake sale · AI & Deep Tech

A91 Partners and Xponentia sell SEDEMAC shares via bulk deals

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SEDEMAC logo
Date
Company
SEDEMAC
What it does
Electronic control systems manufacturer
Kind
Stake sale
Amount
₹1,456.4 Cr
Stage
public
Founded
2007
Sector
AI & Deep Tech

What they do

The enterprise builds specialized electronic controllers targeted at industrial use cases alongside vehicle transportation markets

What happened

Institutional backers A91 Partners and Xponentia offloaded shares worth ₹1,456.4 Cr through bulk deals following the initial public offering lock-in expiry

Why it matters

The transaction saw participation from multiple buyers including government funds and mutual funds while the company reported strong quarterly net profits

The details

  • Institutional investors including A91 Partners and Xponentia sold significant holdings in SEDEMAC through multiple bulk deals.
  • The total value of the shares that changed hands reached approximately ₹1,456.4 Cr following the expiration of the initial public offering lock-in period.
  • A91 Emerging Fund II LLP offloaded 16.10 Lakh shares at an average price of ₹3,010 per share.
  • Private investment firm Xponentia parted with 16.85 Lakh equities across a trio of large transactions, alongside equity reductions by Mace Private Limited and the NJRN Family Trust.
  • Buyers acquiring these shares included the Government of Singapore, Amansa Holdings, Invesco Mutual Fund, and SBI Mutual Fund.
  • SEDEMAC previously went public earlier in the year through an initial public offering comprising an offer for sale component.

The bigger picture

  • This marks the second time these institutional backers have reduced their holdings in the firm since its stock market debut.
  • The share sale follows the official expiry of the post-listing lock-in period preventing early investors from immediately offloading shares.

About the business

  • SEDEMAC specializes in creating advanced electronic control systems used across mobility and industrial sectors.
  • The mobility segment generates the vast majority of the company's total revenue.
  • The enterprise operates as a deeptech venture focusing on specialized hardware and control electronics.
  • Financial disclosures indicate strong growth with operating revenue and net profit surging during the recent quarter.

The deal

Type
stake-sale

Investors

  • Government of Singapore (buyer) — Sovereign fund that acquired shares in the block deal.
  • SBI Mutual Fund (buyer) — Domestic mutual fund participant in the secondary transaction.

Founders

  • Shashikanth Suryanarayana, Co-founder
  • Pushkaraj Panse, Co-founder
  • Manish Sharma, Co-founder
  • Amit Dixit, Co-founder

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