Sedemac Mechatronics Files IPO Papers With SEBI, Showcasing Its Growth in Smart Control Technologies

Sedemac Mechatronics Limited has taken its first formal step toward going public. The Pune-based electronics and control systems company has filed its Draft Red Herring Prospectus (DRHP) with SEBI, outlining plans for an Initial Public Offering that will be entirely an Offer for Sale.

For those unfamiliar with the company, Sedemac operates in a niche but critical space — it builds electronic control units (ECUs) that power everything from two-wheelers to industrial generators. These aren’t off-the-shelf components; the technology behind them is designed and developed fully in-house, which has helped Sedemac carve out a strong position among major OEMs in India, the U.S. and Europe.

According to the DRHP, shareholders will sell up to 8,043,300 equity shares, while the company itself won’t raise fresh capital.

Sedemac’s financials reflect steady momentum. It reported ₹2,173.57 million in revenue for the quarter ending June 30, 2025. Revenues for previous years — FY25, FY24 and FY23 — were ₹6,583.63 million, ₹5,306.53 million and ₹4,230.28 million respectively. Profits, too, have trended upward, rising from ₹85.73 million in FY23 to ₹470.45 million in FY25.

The company also holds some important “firsts.” A CRISIL report notes that Sedemac was the first in India to build sensorless commutation (SLC)-based Integrated Starter Generator ECUs for two- and three-wheelers. With this, they now control about 30% of India’s ISG ECU market.

Their leadership is even stronger in the genset controller space, where Sedemac commands more than 75% of the Indian market and 14% globally — a significant footprint for a homegrown technology firm.

The IPO will be managed by ICICI Securities, Avendus Capital, and Axis Capital, who have been appointed as book-running lead managers.