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Sedemac Mechatronics fixes the price band for its ₹1,087 crore IPOSedemac Mechatronics will have a post-listing market capitalisation of ₹5,970.63 crore at the upper end of the price band.By Meghna Sen  February 26, 2026, 7:31:29 AM IST (Published)2 Min ReadA91 Partners, Catamaran Ventures, and Xponentia Capital-backed Sedemac Mechatronics Ltd has announced the price band for its initial public offering (IPO), which opens for subscription on March 4.

The company has fixed the price band between ₹1,187 to ₹1,352 per equity share. Investors can bid for one lot of 11 shares and then in multiples of 11.

The company has reserved shares worth ₹1 crore for its employees, who will receive them at a discount of ₹128 per share to the final offer price.

At the upper end of the price band, the company intends to raise ₹1087.45 crore. Sedemac Mechatronics will have a post-listing market capitalisation of ₹5,970.63 crore at the upper end of the price band.

The IPO anchor book will open for institutional investors on March 2, while the offer will close for the public on March 6.

About 50% of the net offer size has been reserved for qualified institutional buyers, 15% for non-institutional investors, and the remaining 35% for retail investors.

The proposed issue will be a complete offer for sale (OFS) of up to 80.43 lakh equity shares. As the entire issue is an OFS, the company will not receive any proceeds from the offer.

The selling shareholders, which include existing investors and promoters, will offload part of their holdings through the IPO.

Sedemac Mechatronics is touted to be one of India's leading manufacturers of genset controllers and supplies electronic control units (ECUs) that are critical to automotive and industrial applications.

The company's ECUs are used by leading original equipment manufacturers (OEMs) in India as well as in international markets such as the United States and Europe.

On the earnings front, Sedemac Mechatronics reported an eight-fold increase in profit to ₹47 crore for the year ended March 2025, up from ₹5.8 crore in the previous year.

Revenue during the same period rose 24% to ₹658.4 crore, compared with ₹530.6 crore a year earlier.

In the nine-month period ended December 2025, it recorded a profit of ₹71.4 crore on revenue of ₹770.6 crore.

ICICI Securities, Avendus Capital, and Axis Capital are acting as the book-running lead managers to the issue.

The company will finalise the IPO share allotment by March 9, and its equity shares will be available for trading on the bourses effective March 11.Continue ReadingTagsIPO