SEDEMAC Mechatronics IPO to Open on March 4, Check Price Band, Lot Size, and More
Pune-based, critical, control-intensive electronic control unit manufacturer SEDEMAC Mechatronics is gearing up for a public debut with a ₹1,087.45 crore initial public offering (IPO). The company filed its red herring prospectus (RHP) on February 25, 2025.
The SEDEMAC Mechatronics IPO will remain open from March 4, 2025, until March 6, 2025, for subscription.
IPO Details
- Issue Structure: According to the RHP, the IPO is a book-building issue of ₹1,087.45 crore, consisting entirely of an offer for sale (OFS) of 0.80 crore worth of shares.
- Price Band: The price band is set between ₹1,287 and ₹1,352 per share.
- Lot Size: 11 shares per lot
- Minimum Investment: ₹14,872 per lot
- Allotment & Listing: The basis of allotment will be finalised by March 9, 2025, and tentative listing on BSE and NSE is March 11, 2025.
- Book-running Lead Managers: ICICI Securities Limited, Avendus Capital Private Limited, and Axis Capital Limited are the book-running lead managers for the IPO.
- Registrar: MUFG Intime India Private Limited
- Use of Proceeds: As the issue is entirely an offer for sale, the company will not receive any proceeds, and the Selling Shareholders will be entitled to their respective portion of the proceeds.
About the Company
SEDEMAC Mechatronics designs and manufactures control-intensive, critical-to-the-application electronic control units that serve as mission-critical components for leading original equipment manufacturers (“OEMs”) in the automotive, off-highway and industrial equipment sectors across India and global markets.
Their core offerings comprise electronically controlled systems that govern essential engine, powertrain and electrification functions, enabling performance optimisation, regulatory compliance and enhanced operating efficiency.
The company’s revenue from operations increased from ₹423.03 crore in FY 2023 to ₹530.65 crore in FY 2024. However, profit for the year declined to ₹5.88 crore in FY 2024 from ₹8.57 crore in FY 2023.
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