Sedemac Mechatronics IPO Opens On March 4 - Should You Apply?

Sedemac Mechatronics IPO: The initial public offering (IPO) Sedemac Mechatronics is set to open on March 4, 2026, and close on March 6, 2026. The company aims to raise Rs 1,087.45 crore through an entirely offer for sale of 8.04 million equity shares.

The price band has been fixed at Rs 1,287–1,352 per share and investors can bid in a lot size of 11 equity shares. At the upper price band, retail investors will need to commit a minimum of Rs 14,872 to apply for one lot.

Sedemac Mechatronics began as a college project in the labs of IIT Bombay. In 2004, Manish Sharma, along with seniors Pushkaraj Panse and Ashwini Amit Dixit, began working with professor Shashikanth Suryanarayanan on some industry projects. One project was a sensor-based steering system for Sona Koyo. Another was fuel injection controls for TVS Motors. While working on these, the three realised they shared a bigger dream: building a homegrown company to develop electronic automation for two- and three-wheelers. In 2007, they founded Sedemac Mechatronics.

Sedemac stands for Separating Decision Making from Actuation and Control. It is the operating principle behind mechatronics, which is the technology that combines electronics with mechanical engineering.

The first projects brought in Rs 25 lakh in business. Nexus Venture Partners also invested in the company. That's how a college project turned into a full-blown start-up.

Sedemac Mechatronics IPO Date, Details

The allotment for the Sedemac Mechatronics IPO is likely to be finalised on March 9, 2026. The shares are expected to debut on both the exchanges - BSE and NSE - with a tentative listing date of March 11, 2026.

ICICI Securities, Avendus Capital, and Axis Capital are managing the IPO, while MUFG Intime India is the registrar for the issue.

Since the issue is entirely offer for sale, the company will not receive any proceeds from the IPO, and all the funds raised will go to the selling promoters and shareholders. "Our company will not receive any proceeds from the offer for sale," the company said in it s red herring prospectus (RHP).

Sedemac Mechatronics IPO: Selling Promoters, Shareholders

Promoters Manish Sharma and Ashwini Amit Dixit will offload up to 45,000 and 67,500 equity shares, respectively, as part of the offer for sale.

Early investors such as A91 Emerging Fund II LLP, NRJN Family Trust, Xponentia Opportunities Fund II, Mace Private Limited, 360 One Special Opportunities Fund – Series 8, 360 One Monopolistic Market Intermediaries Fund, HDFC Life Insurance Company, and Xponentia Opportunities Limited will also pare their stakes in the IPO.

Sedemac Mechatronics IPO Reservation Structure

As per the IPO's reservation structure, up to 50 per cent of the net offer has been reserved for qualified institutional buyers (QIBs). Retail investors will be allocated not less than 35 per cent of the net offer, while non-institutional investors (NIIs) will have at least 15 per cent reserved for them.

This is a developing story...