SEDEMAC Mechatronics IPO
SEDEMAC Mechatronics Ltd. is launching a book-building IPO comprising an offer for sale of 80,43,300 equity shares aggregating to approximately Rs. 1,087.45 crore. The IPO opens for subscription on Wednesday, March 4, 2026 and closes on Friday, March 6, 2026. The allotment is expected to be finalised on Monday, March 9, 2026, and the shares are proposed to be listed on BSE and NSE with a tentative listing date of Wednesday, March 11, 2026.
Listing- Yet to be listed
SEDEMAC Mechatronics IPO
IPO Size: Rs. 1,087.45 crore (Offer for Sale)
Business: Control electronics and powertrain control solutions
Network: Pune-based technology company
Key Risk: Premium valuation and technology adoption risk
Chanakya View: Electrification theme strong; valuation comfort key
🕗 Last Update: 26 February 2026, 6.00 AM
👉 GMP | Reviews | Subscription | Allotment
👉 Chanakya Grey Market Intelligence – 8 PM Edition | News Crux |Â
👉 Power Calls | Breakout Stocks | Coffee Can Portfolio |Â
IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Opening Date | Wednesday, 4 Mar 2026 |
| IPO Closing Date | Friday, 6 Mar 2026 |
| Listing Date (Tentative) | Wednesday, 11 Mar 2026 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 1287 – Rs. 1352 |
| Lot Size | 11 Shares |
| Issue Type | Book Building IPO |
| Sale Type | Offer For Sale |
| Total Issue Size | 80,43,300 Equity Shares |
| Total Issue Amount | Rs. 1,087.45 crore |
| Fresh Issue | Nil |
| Offer for Sale | 80,43,300 Equity Shares |
| Listing At | BSE, NSE |
| Employee Discount | Rs. 128 |
| Share Holding Pre Issue | 4,37,37,000 shares |
| Share Holding Post Issue | 4,37,37,000 shares |
IPO Timetable (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Wed, Mar 4, 2026 |
| IPO Closes | Fri, Mar 6, 2026 |
| Allotment | Mon, Mar 9, 2026 |
| Refunds | Tue, Mar 10, 2026 |
| Credit of Shares | Tue, Mar 10, 2026 |
| Listing | Wed, Mar 11, 2026 |
Investor Reservation
| Category | Shares Offered |
|---|---|
| QIB | Not more than 50.00% of Net Offer |
| NII | Not less than 15.00% of Net Offer |
| Retail | Not less than 35.00% of Net Offer |
IPO Lot Size & Investment Amount
| Category | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min) | 1 | 11 | 14,872 |
| Retail (Max) | 13 | 143 | 1,93,336 |
| S-HNI (Min) | 14 | 154 | 2,08,208 |
| S-HNI (Max) | 67 | 737 | 9,96,424 |
| B-HNI (Min) | 68 | 748 | 10,11,296 |
What Does SEDEMAC Mechatronics Ltd. Do?
SEDEMAC Mechatronics Ltd., incorporated in 2007, is a Pune-based technology company specialising in control electronics for automotive and industrial applications. The company designs and manufactures powertrain controllers, motor control products and integrated starter-generator solutions.
A key technology focus is its patented sensor-less motor control capability, enabling precise motor performance without external sensors. SEDEMAC works closely with OEMs to deliver reliable, efficient and scalable electronic solutions.
With increasing electrification in two-wheelers, three-wheelers and power equipment, SEDEMAC’s product suite is positioned to benefit from rising demand for intelligent control systems and energy-efficient powertrain solutions.
Competitive Strengths
First-to-Market advantage
Agility
Synergy across markets and products
Continued ability to build fresh propositions
Quality and Delivery
Financials (Rs. crore – Restated)
| Particulars | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 552.18 | 491.16 | 402.24 | 331.28 |
| Total Income | 219.96 | 662.54 | 535.90 | 429.87 |
| EBITDA | 45.69 | 125.07 | 83.12 | 54.24 |
| PAT | 17.07 | 47.05 | 5.88 | 8.57 |
| Net Worth | 321.52 | 303.88 | 124.43 | 115.22 |
| Reserves & Surplus | 320.39 | 303.35 | 124.03 | 114.93 |
| Total Borrowings | 42.18 | 49.62 | 150.62 | 109.61 |
Key Performance Indicators (KPI)
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 22.01% |
| ROCE | 33.79% |
| Debt/Equity | 0.21 |
| RoNW | 15.48% |
| PAT Margin | 7.15% |
| EBITDA Margin | 19.00% |
| Price to Book Value | 18.89 |
Valuation Snapshot
| Particulars | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | 10.76 | 15.61 |
| P/E (x) | 125.69 | 86.61 |
| Particulars | Details |
|---|---|
| Market Cap (Pre-IPO) | Rs. 5,913.24 Cr |
Company Address
SEDEMAC Mechatronics Ltd.
Survey No. 270/1/A/2, Pallod Farms Baner Road, Baner
Pune, Maharashtra – 411045
IPO Lead Manager(s)
| Lead Manager |
|---|
| ICICI Securities Ltd. |
| Avendus Capital Pvt. Ltd. |
| Axis Capital Ltd. |
IPO Registrar
| Registrar | Contact |
|---|---|
| MUFG Intime India Pvt. Ltd. | +91-22-4918 6270 |
| sedemac.ipo@in.mpms.mufg.com |
SEDEMAC Mechatronics IPO – Review
SEDEMAC Mechatronics operates in the control electronics and electrification technology space, a segment witnessing structural tailwinds from EV adoption, powertrain efficiency upgrades and increasing automation across automotive and industrial applications. The company’s patented sensor-less motor control technology, strong ROCE profile and improving balance sheet position provide long-term growth visibility.
Financial performance has shown strong acceleration, with significant improvement in profitability between FY24 and FY25, indicating operating leverage and scaling benefits. Low debt levels and strong margins support the company’s technology-led positioning.
However, the IPO is priced at premium valuation multiples even on post-issue earnings, which leaves limited room for near-term re-rating unless growth momentum sustains. Dependency on OEM cycles and technology adoption pace remain key monitorables.
Chanakya View
Neutral to Positive. Suitable for investors seeking exposure to electrification and advanced control technology themes with a medium- to long-term investment horizon. APPLY
About Chanakya IPO Analysis
Chanakya provides independent IPO analysis combining fundamentals, grey market intelligence and technical insights for retail and long-term investors.
Disclaimer
This IPO coverage is for informational purposes only. Investors are advised to read the RHP/DRHP carefully and consult a SEBI-registered investment advisor before investing.
Quicklinks