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SEDEMAC MECHATRONICS LIMITED’S INITIAL PUBLIC OFFERING TO OPEN ON WEDNESDAY, MARCH 04, 2026

  • 9 hours ago
  • 4 min read

SEDEMAC Mechatronics Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹10 each (“Equity Shares”) on Wednesday, March 04, 2026. The Anchor Investor Bidding Date is one Working Day before the Bid/Offer Opening Date, being Monday, March 02, 2026. The Bid/ Offer Closing Date is Friday, March 06, 2026.


The Price Band of the Offer has been fixed from ₹1287 per Equity Shsare of face value ₹10 each to ₹1352 per Equity Share of face value ₹10 each. Bids can be made for a minimum of 11 Equity Shares of face value ₹10 each and multiples of 11 Equity Shares of face value ₹10 each thereafter.


The offer comprises an offer for sale of up to 8,043,300 Equity Shares of face value ₹10 each by existing promoter & promoter group selling shareholders, viz. Manish Sharma, and Ashwini Amit Dixit, and existing investor selling shareholders, viz. A91 Emerging Fund II LLP, NRJN Family Trust (represented by Entrust Family Office Legal & Trusteeship Services Private Limited), Xponentia Opportunities Fund II, Mace Private Limited, 360 One Special Opportunities Fund - Series 8, 360 One Monopolistic Market Intermediaries Fund, HDFC Life Insurance Company Limited, Xponentia Opportunities Limited, Society for Innovation and Entrepreneurship, Cyrus Jamshed Guzde, Capri Global Holdings Private Limited, SVS Trust No IV, Venktesh Investment and Trading Company Private Limited, Himanshu Kantilal Sanghavi HUF, Devang Mehta, Atul Hiralal Shah, Bakul Hiralal Shah, Devinjit Singh, Perumal Ramamurthy Srinivasan, Bhavya Kapoor, and Rahul Bahri.


This offer includes a reservation of up to [●] equity shares of face value of ₹ 10 each, aggregating up to ₹10.00 million (constituting up to [●] % of the post-offer paid-up equity share capital) for subscription by eligible Employees (employee reservation portion).


A discount of ₹128 per Equity share is being offered to Eligible Employees bidding in the Employee Reservation Portion.


Founded in 2007 by four IIT Bombay engineers, SEDEMAC Mechatronics has grown into a globally deployed control technology company and one of the few Bharatiya-origin suppliers to repeatedly deliver scalable, breakthrough innovations in automotive and industrial electronics.


The company is a leading supplier of control-intensive Electronic Control Units (ECUs) to major OEMs across India, the United States, and Europe. With fully in-house proprietary control technology capabilities, SEDEMAC serves two- and three-wheelers, electric vehicles, and generator applications.


Strategically, the company is expanding into commercial vehicles and the power tools segment, with successful proof-of-concept demonstrations in sensorless motor control and ongoing development of ECUs for commercial vehicle platforms — positioning it for the next phase of growth


This Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process and is in compliance with Regulation 6 (1) of the SEBI ICDR Regulations wherein in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”) provided that the Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which at least 40% shall be reserved for domestic Mutual Funds, Life Insurance Companies and Pension Funds, in the following manner (i) 33.33% shall be reserved for domestic Mutual Funds; and (ii) 6.67% shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds and Life Insurance Companies and Pension Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription in the Anchor Investor Portion reserved for Life Insurance Companies and Pension Funds, the balance Equity Shares shall be available for allocation to domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Offer Price.


However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders out of which (a) one-third of such portion shall be reserved for applicants with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations (“Retail Portion”), subject to valid Bids being received from them at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price.


Further, all potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) (as defined hereinafter) in which the Bid amount will be blocked by the SCSBs or the Sponsor Banks, as applicable, to participate in the Offer.


The Equity Shares of the Company are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of Bharat Limited (NSE) (BSE and NSE together, the Stock Exchanges).


ICICI Securities Limited, Avendus Capital Private Limited and Axis Capital Limited are the Book Running Lead Managers (BRLMs) to the Offer.


All capitalised terms not defined herein would have the same meaning as attributed to them in the RHP.

 
 
 

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