Sedemac Mechatronics IPO

About Sedemac Mechatronics IPO

The Sedemac Mechatronics IPO opens on Wednesday, Mar 4, 2026 and closes on Friday, Mar 6, 2026. The allotment of shares will take place on Monday, Mar 9, 2026. The credit of shares to the demat account will take place on Tuesday, Mar 10, 2026. The initiation of refunds will take place on Tuesday, Mar 10, 2026. The listing of shares will take place on Tuesday, Mar 10, 2026.

The offer consists of an offer for sale component. The offer for sale portion includes 0.80 crore shares of ₹1,087.45 crores. The total number of shares and aggregate amount are 80,43,300 shares (aggregating up to ₹1,087 crores).

Sedemac Mechatronics IPO’s price band is set at ₹1287 to ₹1352 per share. The lot size for an application is 11. The minimum amount of investment required by a retail investor is ₹14,872 (11 shares) (based on upper price). The lot size investment required by sNIIs is 14 lots (154 shares), amounting to ₹2,08,208, and for bNIIs, it is 68 lots (748 shares), amounting to ₹10,11,296.

Sedemac Mechatronics is a supplier of control-intensive, critical-to-the-application electronic control units (“ECUs”) to leading original equipment manufacturers (“OEMs”) in the mobility and industrial markets in India, the United States, and Europe. A majority of its revenue from operations is attributed to products which incorporate novel control technologies that are conceived and developed entirely in-house, enabling it to offer fresh proprietary solutions that provide distinct value to end-users or its OEM customers.

Objectives of Sedemac Mechatronics IPO

• Carry out the Offer for Sale of up to 8,043,300 equity shares of face value ₹10 each by the Selling Shareholders aggregating up to ₹ [TBA] million.
• Achieve the benefits of listing the equity shares on the Stock Exchanges

Industry Outlook

The 2W and 3W ICE segments have witnessed significant growth in recent years, driven by increasing demand for affordable and efficient transportation solutions. As the industry continues to evolve, the integration of electronic and electrical products has become a key focus area for manufacturers.

The market for ISG is valued at ₹ 1167.2 crores in Fiscal 2026 YTD and is expected to reach ₹ 3000-3100 crores by Fiscal 2031 growing at a CAGR or 13-15%. The volumes for ISG are expected to reach 1.42-1.47 crore units by Fiscal 2031, from over 0.65 crore units in Fiscal 2026 YTD. The penetration of ISG is expected to surpass 50% by Fiscal 2031 in the ICE segment driven by the growing adoption of ISG in the new and existing models. Attractive features like idle startstop, and improved performance make it an ideal choice for premium vehicles. Technology is also expected to make in-roads into the mass market segments, where this could be offered as a choice of variant. Further, on-going innovations in the control unit front, where bundled solutions are offered as a single unit for multiple controls, can further drive the adoption of ISG as integrated units in the 2W and 3W segment.

About Sedemac Mechtronics

Sedemac Mechatronics is a supplier of control-intensive, critical-to-the-application electronic control units (“ECUs”) to leading original equipment manufacturers (“OEMs”) in the mobility and industrial markets in India, the United States, and Europe.

Majority of its revenue from operations is attributed to products which incorporate novel control technologies that are conceived and developed entirely in-house, enabling it to offer fresh proprietary solutions that provide distinct value to end-users or its OEM customers.

Strengths of Sedemac Mechatronics

• First-to-market advantage driving market leadership.
• Agility at scale through integrated design, engineering, and manufacturing.
• Synergies driving cross market technology use, procurement advantages, and robust partnerships.
• Continued ability to innovate, scale, and embed differentiated technologies.
• Quality, traceability, and reliable delivery.

Risks of Sedemac Mechatronics

• They have a high degree of revenue concentration with a small number of customers, particularly a key customer, TVS Motor Company Limited (“TVS Motor”).
• Currently dependent on their two manufacturing facilities in Pune, Maharashtra, for all their production requirements.
• Exposed to evolving, stage-specific, and proposition-specific risks which may materially and adversely affect their operations.
• They are significantly dependent on the mobility segment.
• Their results are affected by demand for gensets in India and globally.
• They are significantly dependent on their top 10 suppliers for primary raw materials.
• They import critical raw materials such as semiconductors and printed circuit boards from the People’s Republic of China (“China”).
• They are highly dependent on sales of their ISG ECU, and integrated ECUs combining ISG and Electronic Fuel Injection Electronic Control (“ISG+EFI ECU”) products in the two/three-wheeler (2/3W) industry.

*Financial information for Sedemac Mechatronics is derived from the Restated Financial Information as at and for the Fiscal 2025.
Notes for Listed Peers:
(1) Revenue (for the year ended March 31, 2025) includes Revenue from operations.
(2) The financial information for the listed peer mentioned above is on a consolidated basis and is sourced from the annual report for the financial year ended March 31, 2025 submitted to stock exchanges.
(3) Net Asset Value per Equity Share is calculated as Net Worth divided by total of Number of equity shares outstanding as at the end of period/year and Number of Compulsorily Convertible Preference Shares outstanding as at the end of period/year. Denominator is adjusted for bonus issue that have changed the number of equity shares outstanding, without a corresponding change in resources.
(4) P/E has been computed based on the closing market price on BSE as on February 20, 2026 divided by the Diluted EPS for the year ended March 31, 2025.
(5) RoNW (%): Profit for the year ended March 31, 2025 divided by Net Worth.
(6) Net Worth has been defined as the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the restated statement of assets and liabilities, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation. Further, net worth has been computed as a sum of equity share capital, equity component of compulsorily convertible preference shares, reserves and surplus as of the last day of relevant period/year minus other comprehensive expense for the period/year.
(7) Financial information for peer - Schaeffler India Limited is on a consolidated basis and is sourced from the annual report of the company for the year ended December 31, 2024 submitted to stock exchanges.

Anchor Investor Bidding Date

Monday, March 2, 2026*

*The company, in consultation with the Book Running Lead Managers, may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations.

IPO Registrar and Book Running Lead Managers

• IPO Registrar: MUFG Intime India
• Book Running Lead Managers: ICICI Securities, Avendus Capital and Axis Capital

Sedemac Mechatronics Business Model

Sedemac Mechatronics is a supplier of control-intensive, critical-to-the-application electronic control units (“ECUs”) to leading original equipment manufacturers. It’s the first company in India to develop, design and manufacture sensorless commutation (“SLC”) based integrated starter generators (“ISG”) ECUs for two-wheeler / 3-wheelers (“2/3Ws”) internal combustion engine (“ICE”) powered vehicles.

Sedemac Mechatronics Company Growth Trajectory

Sedemac Mechatronics’ Total Income for FY25 was ₹662.536 crores, whereas in FY24 and FY23 it was ₹535.896 crores and ₹429.866 crores, respectively.

The Profit After Tax for FY25 was ₹47.045 crores, whereas in FY24 and FY23 it was ₹5.878 crores and ₹8.573 crores, respectively.

Their EBITDA for FY25 was ₹125.068 crores, whereas in FY24 and FY23 it was ₹83.124 crores and ₹54.240 crores, respectively.

Sedemac Mechatronics Market Position

According to the CRISIL Report, it’s among the key global players with a global market share of 14% in fiscal 2025 through its genset controllers and EFI ECUs for this market. It’s the largest supplier of genset controllers in India with a market share of approximately 75%-77% during the nine months ended December 31, 2025 (Source: CRISIL Report).

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹662.536 crores, ₹47.045 crores, and ₹125.068 crores, respectively.

How to apply for Sedemac Mechatronics IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.