SEDMAC Mechatronics IPO: A Pre-Issue Analysis of Key Facts and Figures

SEDEMAC Mechatronics IPO Details

• ₹1,087.45 crore IPO to open on Wednesday, March 4 and close on Friday, March 6
• ₹1,287 to ₹1,352 per share price band for the IPO
• Monday, March 9: expected date for share allotment
• Wednesday, March 11: expected debut date on BSE and NSE

Key Highlights from RHP

1. ₹1,087.45 crore issue size for the offer for sale (OFS) of 8,043,300 shares of face value ₹10 each
2. ICICI Securities Limited, Avendus Capital Private Limited, and Axis Capital Limited as book-running lead managers
3. MUFG Intime India Private Limited as registrar of SEDEMAC Mechatronics IPO
4. Promoters Manish Sharma and Ashwini Amit Dixit among selling shareholders, along with Xponentia Opportunities Fund II, NRJN Family Trust, and Mace Private Limited
5. Objects of the offer:
   • Carry out the OFS
   • Achieve the benefits of listing the shares on the stock exchanges
   • Enhance the company's visibility and brand image
   • Provide a public market for the shares in India
6. SEDEMAC Mechatronics business:
   • Supplier of control-intensive, critical-to-the-application electronic control units to leading original equipment manufacturers
   • Presence in mobility and industrial markets in India, the United States, and Europe
7. SEDEMAC Mechatronics financial performance:
   • Revenue from operations for FY23: ₹4,230.28 million, FY24: ₹5,306.53 million, FY25: ₹6,583.63 million
   • Profit for FY23: ₹85.73 million, FY24: ₹58.78 million, FY25: ₹470.45 million
8. SEDEMAC Mechatronics promoters:
   • Shashikanth Suryanarayanan, Amit Arun Dixit, Manish Sharma, and Anaykumar Avinash Joshi as promoters
   • Promoters hold 9,850,500 shares of face value ₹10, representing 22.26% of issued, subscribed, and paid-up Equity Share capital
9. SEDEMAC Mechatronics management:
   • Six directors on the board, comprising three executive directors and three non-executive directors
   • Poyni Bhatt as Chairperson and one woman independent director
10. Key risk: high degree of revenue concentration with a small number of customers, particularly TVS Motor Company Limited, which contributed 75.48%, 80.46%, 83.46%, and 79.05% of revenue from operations for the nine months ended December 31, 2025, FY25, FY24, and FY23, respectively

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire