Sedemac Mechatronics Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), paving the way for its proposed initial public offering.
The company designs and supplies control-intensive electronic control units (ECUs) used in mobility and industrial applications. Its customer base includes leading OEMs in India, the United States and Europe. A large share of Sedemac’s revenue comes from products built on in-house, proprietary control technologies, which the company says enable it to deliver differentiated solutions to OEMs.
According to the DRHP, the IPO will be a 100% Offer for Sale (OFS) of up to 8,043,300 equity shares, meaning the company itself will not receive any proceeds from the issue.
For the three months ended June 30, 2025, Sedemac recorded ₹2,173.57 million in revenue from operations. Revenue for FY25, FY24 and FY23 stood at ₹6,583.63 million, ₹5,306.53 million and ₹4,230.28 million respectively. Profit for the corresponding periods was ₹170.69 million, ₹470.45 million, ₹58.78 million and ₹85.73 million.
The company is credited with being the first in India to develop, design and manufacture sensorless commutation (SLC)-based Integrated Starter Generator (ISG) ECUs for two- and three-wheelers powered by internal combustion engines. It holds about 30% share of the domestic ISG ECU market and is among the top four players in FY25, according to a CRISIL report.
Sedemac is also the market leader in India’s genset controller segment, with over 75% share in FY25, and holds around 14% share globally for genset controllers and EFI ECUs.
ICICI Securities, Avendus Capital and Axis Capital will act as the book-running lead managers for the proposed IPO.
