SEDEMAC Mechatronics
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SEDEMAC Mechatronics IPO

IPO Open Now
₹14,157
Bidding Dates04 Mar, 26 -06 Mar, 26
Min Investment ₹14,157
Lot Size11
Price Range₹1,287 – ₹1,352
Issue Size ₹1,087.45 Cr.
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IPO Timeline
IPO Offer Start
04 Mar,26
IPO Offer Ends
06 Mar,26
Allotment Finalisation
09 Mar,26
Refund Initiation
10 Mar,26
Listing of Shares
11 Mar,26

IPO Analysis

Strengths
Strenghts

The company has been first-to-market on several key differentiated, control-intensive propositions, creating strong entry barriers for competitors and enabling market leadership with 35% domestic ISG ECU market share and 75%-77% genset controller market share in India.

Strenghts

The company maintains complete ownership of product design, engineering, and manufacturing, enabling rapid innovation and swift market response without dependence on third-party licensors or technology partners.

Strenghts

The company leverages proven technical solutions across markets, achieving procurement advantages and robust partnerships while building strong relationships with key suppliers through consolidated purchasing power.

Risks
Risk

The company has extreme revenue concentration with TVS Motor Company Limited contributing 75.48%, 80.46%, 83.46% and 79.05% of revenue from operations for the nine months ended December 31, 2025, Fiscals 2025, 2024 and 2023, respectively. Customers are not contractually required to make minimum purchases and can adjust order volumes or select alternative solutions at any time.

Risk

The company is currently dependent on two manufacturing facilities in Pune, Maharashtra for all production requirements. This geographic and operational concentration exposes the company to regional risks, regulatory actions, supply chain disruptions, manufacturing shutdowns, and other events that could have immediate material impact on sales and profitability.

Risk

The company is significantly dependent on the mobility segment which contributed 84.63%, 85.69%, 85.64% and 80.37% of revenue from operations for the nine months ended December 31, 2025, and Fiscals 2025, 2024 and 2023, respectively. Any downturn or adverse development in the two-wheeler/three-wheeler industry could materially impact business operations.

Objectives

The company aims to carry out an Offer for Sale by the Selling Shareholders. The company will not receive any proceeds from this Offer for Sale.

The company seeks to achieve the benefits of listing the Equity Shares on the Stock Exchanges to enhance visibility and brand image as well as provide a public market for the Equity Shares in India.

Yearly Financial Results

Annual Financials
Mar 2023
Mar 2024
Mar 2025
Revenue
423.03
530.65
658.36
Expenses
421.86
527.08
594.84
Other Income
6.84
5.24
4.17
Total Revenue
429.87
535.90
662.54
Profit Before Tax
8.01
8.81
67.70
Net Profit
8.57
5.88
47.05

Balance Sheet

Balance Sheet
Mar 2023
Mar 2024
Mar 2025
Total Assets
331.28
402.24
491.16
Current Assets
121.45
160.22
214.51
Fixed Assets
209.82
242.02
276.65
Total Equity & Liabilities
331.28
402.24
491.16
Total Liabilities
216.25
278.12
187.78
Current Liabilities
157.44
215.06
148.37
Non Current Liabilities
58.81
63.06
39.41
Total Equity
115.03
124.12
303.38

Cash Flow

Cash Flow
Mar 2023
Mar 2024
Mar 2025
Net Cash Flow
2.35
0.30
-0.98
Investing Activities
-50.85
-59.05
-104.75
Operating Activities
77.67
60.75
90.91
Financing Activities
-24.48
-1.40
12.86

About SEDEMAC Mechatronics

The company is a supplier of control-intensive, critical-to-the-application electronic control units (ECUs) to leading original equipment manufacturers (OEMs) in the mobility and industrial markets in India, the United States, and Europe. The company focuses on developing novel control technologies that are conceived and developed entirely in-house, enabling it to offer...more
Managing DirectorProf. Shashikanth Suryanarayanan