There were 09 main board IPOs in March 2026 including Cleanmax Enviro Energy Solutions Limited, Shree Ram Twistex Limited, PNGS Reva Diamonds Jewellery Limited, Omnitech Engineering Limited, SEDEMAC Mechatronics Limited, Rajputana Stainless Limited, Innovision Limited, GSE Crop Science Limited and CentraL Mine Planning & Design Institute Limited against 03 main board IPOs in February 2026. There were 05 SME IPOs in March 2026 as compared to 08 SME IPOs in February 2026.
SEDEMAC Mechatronics Limited:
About the Company | Founded in 2007, SEDEMAC Mechatronics Ltd is a technology-driven company specializing in control-intensive electronic solutions for automotive and industrial applications. It designs and manufactures critical electronic control units (ECUs), including ISG, EFI, and motor control units, and is the first in India to develop sensor-less commutation (SLC)-based ISG ECUs for 2W/3W ICE vehicles. It holds 35% share in India’s ISG ECU market and a dominant 75–77% share in genset controllers, with a growing global presence. The company reported revenue of Rs. 662.54 crore and profit of Rs. 47.05 crore in FY25, and has already surpassed this performance with Rs. 775.31 crore revenue and Rs. 71.50 crore profit in 9M FY26. |
Funds Utilization & Selling Shareholders | The entire IPO proceeds will go directly to the selling shareholders, including A91 Emerging Fund, Xponentia Opportunities, 360 One, HDFC Life Insurance, Capri Global, NRJN Family Trust, and other institutional and individual investors. |
Anchor Investors | The company raised approximately Rs. 326 crore from anchor investors prior to the IPO. The anchor book saw participation from several institutional investors including leading institutional investors including HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential, Abu Dhabi Investment Authority, Goldman Sachs, Nippon India, and Aditya Birla Sun Life. |
IPO Performance | The Rs. 1,087 crore IPO comprised of entirely offer for sale of around Rs. 1,087crore. The issue was priced in the band of Rs. 1287– Rs. 1352 per share. The IPO was subscribed approximately 2.7 times, driven largely by strong demand from Qualified Institutional Buyers (QIBs) at 8.46 times. Shares of SEDEMAC Mechatronics Limited listed on the exchanges at around Rs. 1,535 on NSE and Rs. 1.510 on BSE, reflecting a 13.54% premium and 11.69% premium to the issue price. |
Acknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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