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SEDEMAC Mechatronics IPO
Sedemac Mechatronics Ltd
₹14,157 /11 sharesMinimum investment
IPO details
Minimum investment
₹14,157
Price range
₹1,287 - ₹1,352
Lot size
11
Issue size
1,087.45 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
4 Mar 2026
IPO open date
6 Mar 2026
IPO close date
9 Mar 2026
Allotment date
9 Mar 2026
Funds unblock or debit
11 Mar 2026
Tentative listing date
About
Founded in
2007
MD/CEO
Prof. Shashikanth Suryanarayanan
Parent organisation
Sedemac Mechatronics Ltd
SEDEMAC Mechatronics Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company’s manufacturing facilities are ISO 9001:2015 certified for quality management systems.
The company claims to have sold more than 10 million control-intensive products to the automotive (2/3W) and genset markets as of December 31, 2025.
The company claims to have supplied more than 2.24 million advanced and control-focused electronic control units (ECUs). These include integrated starter generators (ISG), electronic fuel injection (EFI), and ISG+EFI ECUs for engine-powered vehicles, as well as motor control units (MCUs) for electric vehicles.
The company stated that it also delivered over 200,000 critical control products, including automatic mains failure generator controllers (AMF GCs) and EFI ECUs for generators, across markets such as Europe, the United States of America, and India.
The company operates as a Tier-I supplier in India and works directly with original equipment manufacturers (OEMs). The company states that it integrates its own proprietary technologies into OEM platforms and provides support throughout the product lifecycle. It further explains that its customer relationships are built on continuous innovation and the introduction of new technologies that help OEMs stay competitive in their respective markets.
The company claims that it usually begins its engagement with OEMs by presenting a detailed technical proposal, often supported by a live demonstration. The company states that these proposals highlight clear benefits in areas such as performance, efficiency, cost, or reliability. If the proposal gains interest, it moves to pilot programs where both parties jointly evaluate system integration, production feasibility, and product durability. Only after several rounds of testing, validation, and technical improvements does the product enter full-scale production.
The company states that it developed innovations such as integrated eGov functionality, which enhances performance and lowers costs for OEMs. One of its major products, the AMF controller, monitors the main power supply, automatically starts generator engines during power failures, and shifts the load to ensure a continuous power supply. These controllers use advanced real-time algorithms to monitor power quality and engine health. As of December 31, 2025, the company has supplied more than 1.5 million components globally in this segment.
The company states that it is also active in the power tools market. Its sensorless motor control (SLC) technology is gaining attention in the battery-powered tools segment. It further states that it has completed proof-of-concept demonstrations for several leading global companies. The performance of this technology matches that of advanced solutions that use built-in motor position sensors, while offering improved reliability by eliminating the need for them.
The company has witnessed a consistent increase in revenue from operations. It increased from Rs 423.03 crore in FY23 to Rs 530.65 crore in FY24 and Rs 658.36 crore in FY25.
The company’s revenue is primarily dependent on its key customer, TVS Motor Company Limited. TVS Motor accounted for Rs 581.67 crore (75.48 percent) in the nine months ended December 31, 2025, of the company’s total revenue, and Rs 529.73 crore (80.46 percent) in FY25, Rs 442.89 crore (83.46 percent) in FY24 and Rs 334.40 crore (79.05 percent) in FY23. The loss of this particular customer or adverse fluctuations in their order volumes could hurt the company’s financial and business performance.
The company’s business is closely linked to the performance of the 2/3W industry; therefore, the mobility sector is its major revenue-generating segment. This segment accounted for Rs 652.18 crore (84.63 percent) in the nine months ended December 31, 2025, of the company’s total revenue, and Rs 564.13 crore (85.69 percent) in FY25, Rs 454.44 crore (85.64 percent) in FY24, and Rs 339.98 crore (80.37 percent) in FY23. Any adverse changes in the 2/3W industry due to economic conditions, government regulations, shifts in consumer demand, or supply chain disruptions could negatively impact the business operations and finances.
The company’s financial performance is also influenced by the demand for gensets in India and international markets, particularly within the industrial segment. This segment accounted for Rs 118.49 crore (15.37 percent) in the nine months ended December 31, 2025, of the company’s total revenue, and Rs 94.23 crore (14.31 percent) in FY25, Rs 76.21 crore (14.36 percent) in FY24 and Rs 83.04 crore (19.63 percent) in FY23. A long-term decline in market demand for gensets or a shift toward alternative energy sources could adversely affect the company’s operations and financial condition.
As of December 31, 2025, the company has total trade receivables amounting to Rs 143.04 crore. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company’s top 10 suppliers accounted for Rs 309.22 crore (63.63 percent) in the nine months ended December 31, 2025, of the company’s total purchases, and Rs 272.56 crore (63.64 percent) in FY25, Rs 256.29 crore (65.63 percent) in FY24 and Rs 191.57 crore (63.34 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company’s revenue is dependent on the sales of integrated starter generators (ISG) ECUs and ISGs combined with electronic fuel injection (EFI) ECU products. Their sales accounted for Rs 493.08 crore (63.98 percent) in the nine months ended December 31, 2025, of the company’s total revenue, and Rs 423.56 crore (64.34 percent) in FY25, Rs 313.26 crore (59.03 percent) in FY24, and Rs 221.55 crore (52.37 percent) in FY23. Any adverse fluctuations in the demand for these products or a sudden shift towards alternative technologies could negatively impact the company’s business and financial condition.
The company’s customers are currently geographically concentrated in India. The domestic customers account for Rs 699.74 crore (90.80 percent) in the nine months ended December 31, 2025, of the company’s total revenue, and Rs 612.93 crore (93.10 percent) in FY25, Rs 500.34 crore (94.29 percent) in FY24, and Rs 399.09 crore (94.34 percent) in FY23. Any adverse political, economic, or social disruptions in the country could hurt the company’s operations and finances.
The company’s total payables as of December 31, 2025, amounted to Rs 142.67 crore. Any delays in payments could adversely affect the company’s financial condition.
The company currently relies entirely on its two manufacturing facilities located in Pune, Maharashtra, to meet all its production needs. This concentration of operations in a single region exposes the company to regional and operational risks. Any disruption at these facilities could negatively affect its business performance and cash flow.
The company imports essential raw materials, including semiconductors and printed circuit boards, from the People’s Republic of China. This reliance increases its exposure to supply chain disruptions and geopolitical risks. Any trade restrictions, political tensions, or logistical challenges could raise costs, delay production, and disrupt operations, which may negatively affect the company’s business performance.
The company’s performance depends heavily on the commercial success and market acceptance of its customers’ end-use products. If demand for these products decreases or if customers reduce production, the company’s sales and revenue may decline. This could adversely impact its operations and financial condition.
The company is involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of December 31, 2025, the company had outstanding financial indebtedness of Rs 47.56 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Application details
For SEDEMAC Mechatronics IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹1287 - ₹1352 | Upto ₹2 Lakhs | 11 |
| High Networth Individual | ₹1287 - ₹1352 | ₹2 - ₹5 Lakhs | 11 |