India’s automotive technology ecosystem is evolving rapidly as vehicle manufacturers increasingly adopt advanced electronic control systems to enhance efficiency, emissions control, and performance. The growing adoption of electric vehicles, hybrid technologies, and smart mobility solutions has further increased demand for advanced powertrain electronics and control systems.
Against this backdrop, SEDEMAC Mechatronics Limited is set to open its IPO on March 4, 2026. Here is a detailed insight into SEDEMAC Mechatronics Limited, its IPO, and the industry outlook.
About SEDEMAC Mechatronics Ltd.
Incorporated in 2007, SEDEMAC Mechatronics Limited is a Pune based technology company specialising in control electronics for automotive and industrial applications.
The company designs and manufactures powertrain controllers, motor control products, and integrated starter generator solutions used across automotive mobility and industrial generator systems. SEDEMAC focuses on innovation through patented sensorless motor control technology that enables efficient performance without external sensors.
SEDEMAC is the first company in India to develop, design, and manufacture sensorless commutation based integrated starter generator ECU solutions for two wheeler and three wheeler internal combustion engine vehicles.
The company works closely with major OEMs, providing efficient and scalable electronic solutions across multiple vehicle platforms.
Key Products
• Integrated Starter Generator (ISG) ECUs
• Electronic Fuel Injection (EFI) ECUs
• Combined ISG and EFI ECUs
• Motor Control Units for electric vehicles
• Electric machines including magnetos and motors
Application Areas
• Engine powered two and three wheelers
• Electric bicycles and e scooters
• Small electric vehicles including e rickshaws and e LCVs
• Commercial vehicles
• Generator systems
As of December 31, 2025, the company had 496 employees.
Competitive Strengths
• First to market technology advantage
• Agile product development capabilities
• Synergy across product categories and mobility segments
• Ability to develop new technology propositions
• Strong focus on quality and delivery performance
SEDEMAC Mechatronics Ltd. IPO Details
SEDEMAC Mechatronics IPO is a book building issue of ₹1,087.45 crore. The issue consists entirely of an offer for sale of 0.80 crore shares.
Since the issue is entirely an OFS, the proceeds will go to the selling shareholders and not to the company.
The IPO is being managed by ICICI Securities Ltd., Avendus Capital Pvt. Ltd., and Axis Capital Ltd., while MUFG Intime India Pvt. Ltd. is the registrar to the issue.
Important IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | March 4, 2026 |
| IPO Close Date | March 6, 2026 |
| Allotment Date (Tentative) | March 9, 2026 |
| Initiation of Refunds | March 10, 2026 |
| Credit of Shares to Demat | March 10, 2026 |
| Listing Date (Tentative) | March 11, 2026 |
| Cut off time for UPI mandate confirmation | 5 PM on March 6, 2026 |
Key IPO Details
| Particular | Details |
|---|---|
| Face Value | ₹10 per share |
| Issue Price Band | ₹1,287 to ₹1,352 per share |
| Lot Size | 11 Shares |
| Total Issue Size | 80,43,300 shares (aggregating up to ₹1,087.45 Cr) |
| Issue Type | Bookbuilding IPO |
| Sale Type | Offer for Sale |
| Listing At | BSE, NSE |
| Employee Discount | ₹128 per share |
| Market Cap (Pre IPO) | ₹5,970.63 Cr |
| Shareholding Pre Issue | 4,41,61,500 shares |
| Shareholding Post Issue | 4,41,61,500 shares |
Lot Size of SEDEMAC Mechatronics Ltd. IPO
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 11 | ₹14,872 |
| Retail (Max) | 13 | 143 | ₹1,93,336 |
| S HNI (Min) | 14 | 154 | ₹2,08,208 |
| S HNI (Max) | 67 | 737 | ₹9,96,424 |
| B HNI (Min) | 68 | 748 | ₹10,11,296 |
SEDEMAC Mechatronics Ltd. Financials
The SEDEMAC Mechatronics IPO has a pre issue market capitalisation of ₹5,970.63 crore.
As of December 31, 2025, the company recorded a Return on Equity (ROE) of 20.03% and Return on Capital Employed (ROCE) of 32.52%. The Return on Net Worth (RoNW) stood at 17.39%, while the Profit After Tax margin was 9.28%, reflecting stable profitability.
Other financial details of the company include the following:
Key Company Financials
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | ₹676.01 Cr | ₹491.16 Cr | ₹402.24 Cr | ₹331.28 Cr |
| Revenue | ₹775.31 Cr | ₹662.54 Cr | ₹535.90 Cr | ₹429.87 Cr |
| Profit After Tax | ₹71.50 Cr | ₹47.05 Cr | ₹5.88 Cr | ₹8.57 Cr |
| Net Worth | ₹411.23 Cr | ₹303.88 Cr | ₹124.43 Cr | ₹115.22 Cr |
| Reserves & Surplus | ₹366.74 Cr | ₹303.35 Cr | ₹124.03 Cr | ₹114.93 Cr |
| Total Borrowing | ₹46.89 Cr | ₹49.62 Cr | ₹150.62 Cr | ₹109.61 Cr |
SEDEMAC Mechatronics Ltd.: Industry Outlook
• Increasing adoption of electronic control systems in automotive powertrains is driving demand for advanced ECU technologies.
• The global automotive electronics market is expanding due to stricter emission norms and efficiency requirements.
• The transition towards electric mobility is creating new opportunities for motor control units and integrated starter generator technologies.
• Growth in electric two wheelers, three wheelers and light commercial vehicles is boosting demand for power electronics and controller solutions.
• India’s automotive manufacturing ecosystem continues to expand with increasing localisation of electronic components.
Conclusion
SEDEMAC Mechatronics Limited operates in a specialised segment of automotive electronics and powertrain control technologies. The company’s innovation focused approach and relationships with OEM manufacturers provide a strong foundation in the mobility technology ecosystem.
While the company has demonstrated strong growth in revenues and profitability in recent years, investors should carefully evaluate valuation levels and sector dynamics before making investment decisions.
