IIT Bombay's SINE to Raise Rs 55 Crore Via SEDEMAC Mechatronics IPO
Synopsis
IIT Bombay's SINE incubator is poised to raise Rs 55 crore through the SEDEMAC Mechatronics IPO. With strong investor interest and a fully subscribed offering, this IPO marks a significant milestone for the technology sector.
Key Takeaways
SINE aims to raise Rs 55 crore through SEDEMAC Mechatronics IPO.
IPO has been fully subscribed, indicating strong investor interest.
Price band set between Rs 1,287 and Rs 1,352 per share.
SEDEMAC specializes in electronic control units for the automotive sector.
Key clients include TVS Motor and Bajaj Auto .
New Delhi, March 6 (NationPress) The Society for Innovation and Entrepreneurship (SINE), a technology business incubator supported by IIT Bombay, is set to sell approximately 4 lakh shares in the initial public offering (IPO) of SEDEMAC Mechatronics, as per recent filings.
The company’s red herring prospectus (RHP) indicates that SINE will offload 4,08,000 equity shares.
Based on pre-offer paid-up equity share capital, this accounts for 0.92 percent, which suggests that the incubator could generate around Rs 55 crore from this sale.
The public offering for the Pune-based tech firm, which commenced on March 4, is set to conclude on Friday, March 6.
Data from the BSE shows that the IPO was fully subscribed by the last share sale offer, attracting bids for 94,49,242 shares against the 56,32,899 shares available, indicating a subscription rate of 1.68 times as of 2:18 PM.
SEDEMAC Mechatronics has established an IPO price range of Rs 1,287 to Rs 1,352 per share, which values the company at nearly Rs 6,000 crore at the highest price. This IPO is solely an offer for sale (OFS) of up to 80,43,300 equity shares by promoters Manish Sharma and Ashwini Amit Dixit, along with other investors.
Located in Pune, SEDEMAC Mechatronics is involved in the development, design, and manufacturing of control-intensive, application-critical electronic control units (ECUs) for original equipment manufacturers (OEMs) in both mobility and industrial sectors across India, the US, and Europe.
The company specializes in sensor-less commutation-based integrated starter generator ECUs for two- and three-wheeler internal combustion engine vehicles.
Key clients include TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs & Stratton LLC, and DEIF India.
Financially, SEDEMAC recorded revenue of Rs 217.35 crore and a net profit of Rs 17.07 crore for the quarter ending June 30, 2025. For FY25, the company reported revenue of Rs 658.36 crore and a PAT of Rs 47.04 crore.
Shares of SEDEMAC Mechatronics Ltd are anticipated to debut on Dalal Street on March 11.
The IPO allocation consists of 50 percent for qualified institutional buyers (QIBs), 35 percent for retail investors, and 15 percent for non-institutional investors (NIIs). The book-running lead managers for this IPO are ICICI Securities, Avendus Capital, and Axis Capital.
Point of View
The SEDEMAC Mechatronics IPO, supported by IIT Bombay's SINE incubator, reflects a positive trajectory in the Indian tech landscape. The overwhelming subscription indicates robust investor confidence, while the financial performance of SEDEMAC further underscores the potential for growth in this sector.
NationPress
5 Aug 2026
Frequently Asked Questions
What is the expected revenue from SINE's share sale?
SINE is expected to generate approximately Rs 55 crore from the sale of 4 lakh shares in the SEDEMAC Mechatronics IPO.
When does the SEDEMAC Mechatronics IPO close?
The SEDEMAC Mechatronics IPO is scheduled to close on March 6.
What is the subscription status of the IPO?
As of the last share sale offer, the IPO was fully subscribed, receiving bids for 94,49,242 shares against 56,32,899 shares offered.
What is the price range for the SEDEMAC Mechatronics IPO?
The IPO price band has been set between Rs 1,287 and Rs 1,352 per share.
When are the shares expected to debut on the stock market?
Shares of SEDEMAC Mechatronics Ltd are expected to debut on Dalal Street on March 11.
