Sedemac Mechatronics shares jump 13% on debut: Here's what company does
Sedemac Mechatronics made a splashy entrance on the stock market, opening at ₹1,535 per share, about 13.5% higher than its IPO price of ₹1,352.
The IPO was in high demand, being subscribed 2.68 times overall, with big institutional investors especially keen.
What does Sedemac do?
Promoted by Prof. Shashikanth Suryanarayanan (incorporation year not stated in the source — verify with company registry/IPO prospectus), Sedemac builds smart tech for vehicle engines: think sensor-less motor controls and ECUs that help power two- and three-wheelers as well as generators.
They're a leader in their space, holding major market shares (35% in two- and three-wheeler ECUs and 75% in genset controllers).
Most of their revenue (81%) comes from TVS Motor.
IPO details, financials, valuation
The IPO was an offer-for-sale of 8,043,300 shares worth about ₹1,087 crore; the proceeds went to the selling shareholders (not the company) priced between ₹1,287 and ₹1,352 each (minimum bid: 11 shares for about ₹14,900).
Financially, the source article does not provide revenue figures or fiscal-year comparisons — verify with audited financials or the IPO prospectus before including specific FY numbers.
After the IPO, the company is valued at nearly ₹6,000 crore at the upper end of the price band, a sign investors are betting big on its future growth.