Prof. Shashikanth Suryanarayan Announces SEDEMAC Mechatronics’ ₹1,287–₹1,352 IPO Launch
SEDEMAC Mechatronics Plans Market Debut with 8.04 Million Shares Offer for Sale
IPO Snapshot
| Particulars | Details |
| IPO Open Date | March 4, 2026 |
| IPO Close Date | March 6, 2026 |
| Anchor Investor Date | March 2, 2026 |
| Price Band | ₹1,287 – ₹1,352 per share |
| -Face Value | ₹10 per share |
| Lot Size | 11 shares and multiples thereafter |
| Employee Discount | ₹128 per share |
| Issue Type | Offer for Sale (OFS) |
| Shares Offered | Up to 8,043,300 equity shares |
| Listing | BSE & NSE |
| Process | Book Building Process |
SEDEMAC Mechatronics Limited IPO to Open on March 4; Price Band Set at ₹1,287–₹1,352 Per Share
Bilkul Bazaar
Ahmedabad | 28 Feb 2026
Ahmedabad, February 27, 2026: SEDEMAC Mechatronics Limited, a leading supplier of control-intensive Electronic Control Units (ECUs), has announced that its Initial Public Offering (IPO) will open for subscription on Wednesday, March 4, 2026, and close on Friday, March 6, 2026. The Anchor Investor Bidding Date is scheduled for Monday, March 2, 2026.
The company has fixed the price band at ₹1,287 to ₹1,352 per equity share of face value ₹10 each. Investors can bid for a minimum of 11 equity shares and in multiples of 11 thereafter. Eligible employees bidding in the Employee Reservation Portion are being offered a discount of ₹128 per share.
The IPO is entirely an Offer for Sale (OFS) of up to 8,043,300 equity shares by existing promoters and investors.
The equity shares are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited.
Leadership Speaks:
Announcing the IPO details at a media interaction in Ahmedabad, Prof. Shashikanth Suryanarayan, Managing Director, said, “From our beginnings in 2007 as a technology-driven startup founded by IIT Bombay engineers, SEDEMAC has evolved into a globally deployed control technology company. This IPO marks an important milestone in our journey as we scale further into commercial vehicles and power tools while strengthening our leadership in two- and three-wheeler ECUs.”
Amit Arun Dixit, Joint Managing Director, added, “Our fully in-house proprietary control technology and strong OEM partnerships across India, the United States, and Europe position us well for the next phase of growth. We are particularly excited about our advancements in sensorless motor control and commercial vehicle ECU platforms.”
Rajesh Sheth, Chief Financial Officer, commented, “The Offer for Sale provides liquidity to existing shareholders while enhancing our visibility and governance profile as a listed company. We remain focused on sustainable growth, operational excellence, and long-term value creation.”
Representing the Book Running Lead Managers (BRLMs), Gunesh Wagh of ICICI Securities stated:
“SEDEMAC represents a rare Indian-origin technology player with strong engineering depth and global deployment capabilities. The company’s differentiated control systems and strong OEM relationships make it a compelling offering.”
Arun Jani, General Manager, Axis Capital, said, “The company has demonstrated consistent innovation and scalable execution. Its expansion into adjacent segments such as commercial vehicles and power tools offers meaningful growth headroom.”
Officials from ICICI Securities Limited, Avendus Capital Private Limited, and Axis Capital Limited are acting as Book Running Lead Managers to the issue.
SEDEMAC Mechatronics Limited was founded in 2007 by four IIT Bombay engineers, SEDEMAC Mechatronics is a leading supplier of control-intensive ECUs to major OEMs across India, the United States, and Europe. The company serves two- and three-wheelers, electric vehicles, and generator applications, and is expanding into commercial vehicles and power tools.
The Offer is being made through the Book Building Process in compliance with SEBI ICDR Regulations. Investors (other than Anchor Investors) must apply through the ASBA process, including UPI-based applications where applicable.
Disclaimer: Investment in equity shares involves a high degree of risk. Investors are advised to refer to the “Risk Factors” section in the Red Herring Prospectus before making an investment decision.
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