According to the DRHP, the proposed issue will be a complete offer for sale (OFS) of up to 80.43 lakh equity shares. As the entire issue is an OFS, the company will not receive any proceeds from the offer. The selling shareholders, which include existing investors and promoters, will offload part of their holdings through the IPO.
Sedemac Mechatronics is one of India’s leading manufacturers of genset controllers and supplies electronic control units (ECUs) that are critical to automotive and industrial applications. The company’s ECUs are used by leading original equipment manufacturers (OEMs) in India as well as in international markets such as the United States and Europe.
A key differentiator for Sedemac is its focus on in-house innovation. Most of its revenue is derived from products built on proprietary control technologies developed entirely within the company, which enables it to deliver customised and value-driven solutions to OEM clients.
Financially, the company has shown consistent growth over the years. Revenue from operations rose from Rs 423.03 crore in FY23 to Rs 530.65 crore in FY24, and further to Rs 658.36 crore in FY25. Profit also improved from Rs 8.57 crore in FY23 to Rs 5.88 crore in FY24 and Rs 47.05 crore in FY25. For the three months ended June 30, 2025, revenue stood at Rs 217.36 crore with a profit of Rs 17.07 crore.
ICICI Securities, Avendus Capital, and Axis Capital are acting as the book-running lead managers to the issue.(Disclaimer: The recommendations, suggestions, views, and opinions expressed by experts are their own and do not represent the views of The Economic Times.)