SEDEMAC Mechatronics IPO Price Band Set at ₹1,287–₹1,352; Subscription Opens March 4

SEDEMAC Mechatronics Limited has announced a price band of ₹1,287 to ₹1,352 per equity share of face value ₹10 each for its upcoming initial public offering (IPO). The subscription window is scheduled to open on Wednesday, March 4, 2026, and will close on Friday, March 6, 2026. Anchor investor bidding is set for Monday, March 2, 2026.

Investors may place bids for a minimum of 11 equity shares and in multiples of 11 shares thereafter. Eligible employees bidding under the Employee Reservation Portion will receive a discount of ₹128 per equity share. The portion reserved for employee subscriptions is capped at an aggregate of ₹10 million.

The offering is structured entirely as an offer for sale (OFS), comprising up to 8,043,300 equity shares. The selling shareholders include company promoters Manish Sharma and Ashwini Amit Dixit, alongside a group of institutional and individual investors including A91 Emerging Fund II LLP, HDFC Life Insurance Company Limited, 360 One Special Opportunities Fund, and Xponentia Opportunities Fund II, among others. No fresh shares will be issued, meaning the company will not receive any proceeds from the offering.

Founded in 2007 by four engineers from the Indian Institute of Technology Bombay, SEDEMAC Mechatronics has established itself as a supplier of control-intensive Electronic Control Units (ECUs) to major original equipment manufacturers (OEMs) in India, the United States, and Europe. The company serves the two-wheeler, three-wheeler, electric vehicle, and generator segments, with proprietary, in-house control technology forming the core of its product portfolio.

The company has indicated plans to expand into the commercial vehicle segment and the power tools market. According to the Red Herring Prospectus (RHP), SEDEMAC has completed proof-of-concept demonstrations in sensorless motor control and is actively developing ECUs for commercial vehicle platforms.

The offer is being managed through the book-building process. ICICI Securities Limited, Avendus Capital Private Limited, and Axis Capital Limited have been appointed as Book Running Lead Managers (BRLMs). Upon completion of the offering, SEDEMAC's equity shares are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The allocation framework follows SEBI ICDR Regulations: up to 50% of the net offer is available for Qualified Institutional Buyers (QIBs), with a provision allowing up to 60% of the QIB portion to be allocated to anchor investors on a discretionary basis. Not less than 15% of the net offer is reserved for Non-Institutional Bidders and a minimum of 35% for Retail Individual Bidders.