backed incubator SINE to fetch Rs 55 crore in SEDEMAC Mechatronics IPO

SINE to Sell 4 Lakh Shares in SEDEMAC Mechatronics IPO

The Society for Innovation and Entrepreneurship (SINE), backed by IIT Bombay, is set to sell approximately 4 lakh shares in the SEDEMAC Mechatronics initial public offering (IPO), according to recent filings.

Key Highlights of the IPO

• SINE is expected to earn around Rs 55 crore from the sale of 4,08,000 equity shares, representing 0.92 per cent of the company's pre-offer paid-up equity share capital.
• The IPO has been fully booked, with bids for 94,49,242 shares against 56,32,899 shares on offer, indicating a 1.68-times subscription.
• The IPO price band has been fixed between Rs 1,287 and Rs 1,352 per share, valuing the company at nearly Rs 6,000 crore at the upper end.
• The IPO allocation comprises 50 per cent for qualified institutional buyers (QIBs), 35 per cent for retail investors, and 15 per cent for non-institutional investors (NIIs).

About SEDEMAC Mechatronics

SEDEMAC Mechatronics is a Pune-based technology company that develops, designs, and manufactures control-intensive, application-critical electronic control units (ECUs) for original equipment manufacturers (OEMs) in mobility and industrial sectors across India, the US, and Europe.

Company's Key Customers and Financial Performance

• Key customers include TVS Motor Company, Bajaj Auto, Kirloskar Oil Engines, Briggs & Stratton LLC, and DEIF India.
• For the quarter ended June 30, 2025, the company reported revenue of Rs 217.35 crore and a net profit of Rs 17.07 crore.
• In FY25, SEDEMAC posted revenue of Rs 658.36 crore and PAT of Rs 47.04 crore.

IPO Timeline and Listing Details

The public issue of SEDEMAC Mechatronics is scheduled to close on Friday, March 6. The company's shares are expected to make their Dalal Street debut on March 11.

Book Running Lead Managers

• ICICI Securities, Avendus Capital, and Axis Capital are the book-running lead managers for the IPO.