Sedemac Mechatronics IPO: Subscription at 0.51x, employees lead the way
Sedemac Mechatronics is aiming to raise ₹1,087.45 crore with its IPO, which has reached 0.51x subscription by Friday morning (March 6, 2026, 10:42 AM).
The issue opened on March 4 and closes today. Share allotment is set for March 9, with listing expected on March 11.
How have different investor categories fared?
Qualified Institutional Buyers (QIBs) are leading the way with a 1.36x subscription, while Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) are lagging at 0.27x and 0.11x respectively.
Employees seem pretty excited: they've subscribed nearly twice their reserved quota at 1.92x.
What does Sedemac do?
Sedemac makes electronic control units used in vehicles, gensets, EVs, and industrial machines: basically the tech brains behind a lot of engines and equipment you see around.
They're recognized as one of India's leading manufacturers in two- and three-wheeler ECUs and a major supplier of genset controllers.
Price band and financials
The IPO price band is ₹1,287 to ₹1,352 per share across about 80 lakh shares on offer, all from existing shareholders (no fresh shares).
For the nine months ending December 2025, revenue hit ₹770 crore with net profit at ₹71 crore; both have seen solid growth over recent years.