Sedemac Mechatronics’ IPO enters its second day of subscription today, March 5, 2026. The issue will remain open for bidding until March 6, 2026. The allotment is expected to be finalised on March 9, 2026, with the tentative listing scheduled for March 11, 2026, on both the NSE and BSE.

Sedemac Mechatronics Ltd supplies electronic control units (ECUs) that are essential for the functioning of various equipment. These application-specific, control-intensive components manage complex systems in real time. The company designs and manufactures sensorless commutation (SLC)-based integrated starter generator (ISG) ECUs for two- and three-wheelers powered by internal combustion engines. It also offers generator controllers (GCs) with integrated electronic governing (eGov) technology.

Sedemac Mechatronics IPO - Issue Details

Sedemac Mechatronics IPO is a book-built issue aggregating to ₹1,087.45 crore and comprises entirely an offer for sale (OFS) of 0.80 crore shares.

The price band has been fixed at ₹1,287 to ₹1,352 per share, with a minimum lot size of 11 shares. Retail investors are required to make a minimum investment of ₹14,157.

ICICI Securities, Avendus Capital, and Axis Capital are the book-running lead managers to the issue, while MUFG Intime India (formerly Link Intime India) is the registrar.

Sedemac Mechatronics IPO Day 2 Subscription Status

[March 05, 2026, 10:39 A.M.]

On Day 2, Sedemac Mechatronics IPO saw a subscription of 0.28 times as per NSE data on March 05, 2026, 10:39 am. The public issue was subscribed 0.04 times by the Retail Individual Investors (RIIs), 0.87 times from the Qualified Institutional Buyers (QIBs), 0.03 times by the Non Institutional Investors (NIIs) and 0.83 times by the Employees.

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Utilisation of IPO Proceeds

The Company will not receive any proceeds from the Offer for Sale. Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale in proportion of the Equity Shares offered by the respective Selling Shareholder as part of the Offer for Sale after deducting their proportion of Offer related expenses and relevant taxes thereon.

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Sedemac Mechatronics Ltd GMP

As per media reports, the Grey Market Premium (GMP) of Sedemac Mechatronics Ltd is reported at ₹60 which is 4.44% over the upper end of the price band.

Sedemac Mechatronics Ltd - Business Overview

Sedemac Mechatronics Ltd is a Pune-based automotive and industrial electronics company established in 2007 by Professor Shashikanth Suryanarayanan and former IIT Bombay students. The company designs and manufactures control-intensive electronic control units (ECUs), including powertrain controllers, motor control units, and integrated starter-generator systems for original equipment manufacturers (OEMs) across mobility and industrial segments. Its products are used in two-wheelers, power generators, and other industrial equipment, with a presence in India, the United States, and Europe.

The company has recorded strong growth in recent years. For FY25 (year ended March 31, 2025), Sedemac reported revenue of approximately ₹658 crore, compared to ₹531 crore in FY24. Profit after tax (PAT) increased significantly to around ₹47 crore in FY25 from ₹5.9 crore in FY24.

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