New Delhi, March 2 Sedemac Mechatronics, a manufacturer of powertrain controls and auto parts, has raised ₹326 crore from anchor investors ahead of the launch of its initial public offering for public subscription, according to an exchange update.
The funds were allocated to 23 funds, including domestic mutual funds, insurance companies, and foreign institutional investors.
The Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund (MF), Nippon India MF, Tata MF, HDFC MF, SBI MF, and 3PIM India Equity (IFSC) Fund are among the anchor investors, according to a circular uploaded on the BSE website.
According to the circular, Sedemac Mechatronics allotted 24.10 lakh equity shares to anchor investors at ₹1,352 per share. The total amount raised from these investors aggregates to ₹326 crore.
The company's ₹1,087-crore initial share sale will open for public subscription on March 4 and conclude on March 6. The price band has been fixed at ₹1,287 to ₹1,352 per share, valuing the company at close to ₹6,000 crore at the higher end.
The IPO is entirely an offer for sale (OFS) of up to 80,43,300 equity shares by promoters Manish Sharma and Ashwini Amit Dixit, and investors selling shareholders.
Under the OFS, A91 Emerging Fund II LLP, NRJN Family Trust, Mumbai-based Xponentia Capital Partners, Mace Pvt Ltd, 360 One group, and HDFC Life Insurance Company are among the other investors who will offload their stakes in the company.
Since the public issue is completely an OFS, Sedemac Mechatronics will not receive any proceeds from the IPO.
Sedemac Mechatronics, based in Pune, is a supplier of control-intensive, application-critical electronic control units (ECU) to original equipment manufacturers (OEM) in the mobility and industrial markets in India, the US, and Europe.
It develops, designs, and manufactures sensor-less, commutation-based integrated starter generator ECUs for two-wheeler and three-wheeler internal combustion engine-powered vehicles.
The company's customers include TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs and Stratton LLC, and DEIF India.
On the financial front, the company reported a revenue of ₹217.35 crore and profit after tax (PAT) of ₹17.07 crore as of June 30, 2025. It had reported a revenue of ₹658.36 crore and PAT of ₹47.04 crore in FY25.
Sedemac Mechatronics is expected to make its stock market debut on March 11.
The issue allocation includes 50 per cent for qualified institutional buyers (QIBs), 35 per cent for retail investors, and 15 per cent for non-institutional investors (NIIs).
ICICI Securities, Avendus Capital, and Axis Capital are the book-running lead managers for the IPO.
