Sedemac Mechatronics Ltd. shares listed at a solid premium to its IPO price on Wednesday. The scrip opened at Rs 1,535 on the NSE, 13.5% higher than the issue price of Rs 1,352. On the BSE, the stock debuted at Rs 1,510.
The Rs 1,087.45-crore IPO was exclusively an offer for sale of 80.43 lakh shares and had no fresh issue component. The subscription window closed on March 6.
The company had raised Rs 325.88 crore from anchor investors, including Goldman Sachs, Abu Dhabi Investment Authority, 3P Investment Managers, WhiteOak Capital and Pinebridge Global Funds.
Under the OFS, promoters Manish Sharma and Ashwini Amit Dixit, along with investors such as Mace Private Limited, A91 Emerging Fund II LLP, Xponentia Opportunities Fund II, 360 One Monopolistic Market Intermediaries Fund, and HDFC Life Insurance Co. will offload their stake.
About the Company
Sedemac Mechatronics is a supplier of control-intensive, critical-to-the-application electronic control units, or ECUs, to leading original equipment manufacturers (OEMs) in the mobility and industrial markets in India, Europe and the United States. It is the first domestic company to develop, design and make sensorless commutation-based integrated starter generator ECUs for 3-wheelers and two-wheeler internal combustion engine-powered vehicles.
According to its offer documents, the company is also a market leader in India for genset controllers with an estimated market share of 75% to 77% during the nine months ended December 2025.
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