SEDEMAC IPO: Shares to list on BSE, NSE tomorrow
SEDEMAC Mechatronics is set to debut on the BSE and NSE on March 10, 2026.
The IPO was subscribed 2.68 times overall, with huge interest from big institutional investors who oversubscribed their portion by over eight times. Retail and noninstitutional investor demand was lower.
The IPO is entirely an offer for sale, valuing the company at ₹5,971 crore.
Major player in automotive electronics space
Based in Pune, SEDEMAC makes electronic control units (ECUs) used by automotive and industrial manufacturers in India, the US and Europe.
Its tech powers things like genset controllers, fuel injection systems, starter generators for two- and three-wheelers, and electric vehicle motor controls.
It's a major player, holding 35% of India's market share for two- and three-wheeler starter generators and dominating genset controllers with a 75% share.
GMP at ₹85; raised ₹326 crore from anchor investors
The gray market premium (GMP) sits at ₹85 right now, hinting at a possible listing price of ₹1,437 per share (about 6% above the issue price).
SEDEMAC also raised ₹326 crore from anchor investors just before the IPO opened.
Financially, it has seen year-on-year revenue growth, and profits also rose during this period.