SEDEMAC Mechatronics IPO opens on March 4: Know about financials, business model, IPO details & more

SEDEMAC Mechatronics IPO is set to open for subscription on March 4. The company is a Tier-1 supplier of electronic controllers and mechatronic systems that are used in vehicle and industrial equipment. The company started its business in 2007 from a laboratory and has developed into a technology-focused manufacturing organization which provides product development services to original equipment manufacturer (OEM) clients who use the company’s products in multiple stages of product development.

The company sold over 92 Lakhs ECUs between FY18 and 9MFY26. The company held approximately 35% domestic market share in ISG ECUs for 2 / 3 wheelers as of 9MFY26, which positioned it among the top four market competitors. The company functions as the leading genset controller manufacturer in India through its industrial division, which achieved approximately 75% to 77% market share from October 2022 to December 2025 while maintaining 14% global market share in genset controllers and EFI ECUs for gensets during FY25.

SEDEMAC Mechatronics IPO details

SEDEMAC Mechatronics IPO aims to raise ₹1,087 crore through its public issue by selling over 80 lakh shares. The IPO is a complete offer for sale of ₹1,087 crore and net IPO proceeds will go to selling shareholders.

The company has fixed the price band of the issue at ₹1287 to ₹1352 per share. The lot size, or the minimum bid quantity to apply for the issue, is 11 shares. This equates to a minimum investment amount of ₹14,872 per lot at the upper end of the price band under the retail investors category.

SEDEMAC Mechatronics has appointed ICICI Securities as the book-running lead manager of the IPO, while MUFG Intime India is the registrar for the issue.

SEDEMAC Mechatronics IPO timeline

SEDEMAC Mechatronics IPO will remain open for subscription on Wednesday, March 4 and will remain open until Friday, March 6, 2026. After the bidding is closed, the allotment of shares is expected to be finalised on March 9.

Successful bidders can expect the shares to be credited to their demat accounts by March 10, with others receiving refunds on the same day. SEDEMAC Mechatronics shares are scheduled to list on the BSE and NSE on Wednesday, March 11, 2026.

SEDEMAC Mechatronics Financials

SEDEMAC Mechatronics IPO objective

• Carry out the offer for sale: The IPO consists of an OFS only, of ₹1,087.00 crore. The company is not getting any cash from OFS issue. All the money from selling these shares will go straight to the current shareholders who are selling their stakes.
• Listing on stock exchanges: Post-listing, with a larger public float due to OFS, the stock becomes more liquid and attractive for institutional and retail investors.

About the company

The company operates through two segments: Mobility and Industrial. It offers Integrated Starter Generator (ISG) ECUs and Electronic Fuel Injection (EFI) ECUs, and combined ISG+EFI ECUs and Motor Control Units (MCUs) for electric vehicles and electric machines, which include magnetos and motors designed for engine-powered and electric 2/3 wheelers and Genset Controllers (GCs) as its primary product range. The company has experienced rapid expansion in its EV MCU market, shipping 45,731 EV MCUs during 9MFY26 after only shipping 786 units in FY23. SEDEMAC Mechatronics is also developing new business lines, which include power tools, outdoor equipment and commercial vehicle after-treatment controllers.

SEDEMAC Mechatronics operates two technical centres together with two manufacturing facilities that are located in Pune and is currently constructing its third facility, which will cover 80,000 sq ft, while its fourth facility for electric motor production is under development at Chakan. Manufacturing capacity at MF1 increased from 24.7 lakhs equivalent ISG ECUs as of March 31, 2023, to 39.9 lakhs as of March 31, 2025, and capacity utilisation reached 93.39% for 9MFY26.

The company's main clients include TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs & Stratton, DEIF and Cummins India. TVS Motor accounted for 75.48% of revenue during 9MFY26 and 80.46% in FY25. The company obtains approximately 43% to 54% of its revenue through imported raw materials.