Sedemac Mechatronics Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking the first step toward launching its Initial Public Offering (IPO).
The Pune-based company designs and supplies control-intensive, application-critical electronic control units (ECUs) to major original equipment manufacturers (OEMs) across mobility and industrial sectors in India, the U.S., and Europe. Most of its revenue comes from products built on in-house, proprietary control technologies, allowing it to offer customised solutions to OEMs.
According to the DRHP, the IPO will consist entirely of a 100% Offer for Sale (OFS) of up to 8,043,300 equity shares. As a result, the company will not receive any proceeds from the offer.
Sedemac reported revenue from operations of ₹2,173.57 million for the three months ended June 30, 2025. For earlier periods, the company posted revenues of ₹6,583.63 million in FY25, ₹5,306.53 million in FY24, and ₹4,230.28 million in FY23. Profit for the same periods stood at ₹170.69 million, ₹470.45 million, ₹58.78 million, and ₹85.73 million respectively.
The company is credited as the first in India to develop, design and manufacture sensorless commutation (SLC)-based Integrated Starter Generator (ISG) ECUs for two-wheelers and three-wheelers. Sedemac holds around 30% market share in the domestic ISG ECU segment for 2W and 3W vehicles in FY25, according to a CRISIL report.
In the genset controller market, Sedemac commands over 75% share in India, and about 14% share globally, making it one of the key international suppliers of genset controllers and EFI ECUs.
ICICI Securities, Avendus Capital and Axis Capital are acting as the book-running lead managers for the proposed offering.
