Sedemac Mechatronics has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for initial public offering (IPO).
According to the DRHP, the Company plans to raise funds through an Initial Public Offering. The total Offer comprises a 100% Offer For Sale of up to 8,043,300 equity shares (Total Offer Size). The Company will not receive any proceeds from the Offer for Sale.
Sedemac Mechatronics designs and supplies 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. The majority of the revenue from operations is attributed to products that incorporate novel control technologies that are conceived and developed entirely in-house, enabling the company to offer fresh proprietary solutions that provide distinct value to end-users or OEM customers.
Sedemac Mechatronics develop, designs and manufactures sensorless commutation (SLC) based integrated starter generators (ISG) ECUs for two-wheeler / 3-wheelers (2/3Ws) internal combustion engine (ICE) powered vehicles. The company holds approximately 30% market share of the domestic ISG ECU market (for 2W and 3W combined) in terms of volume and is amongst the top 4 players for Fiscal 2025.
The Company’s revenue from operations for the three months ended June 30, 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023 stood at ₹217.357 crore, ₹658.363 crore, ₹530.653 crore and ₹423.028 croe, respectively. The Profit for the period/year stands at ₹17.069 crore, ₹47.045 crore, ₹5.878 crore and ₹8.573 crore respectively during the same period.
ICICI Securities, Avendus Capital, and Axis Capital are the book-running lead managers (BRLM) to the offer.
