Sedemac Mechatronics has mobilised ₹326 cr from anchor investors ahead of its initial public offering, signalling strong institutional interest before the company opens its IPO to the public.

Sedemac Mechatronics Mobilises ₹326 Cr from Anchor Investors Ahead of IPO

Sedemac Mechatronics Secures Rs 326 Crore from Anchor Investors

Sedemac Mechatronics, a leading powertrain controls and auto parts manufacturer, has successfully garnered a significant amount of Rs 326 crore from anchor investors ahead of the launch of its initial public offering (IPO) for public subscription, according to an exchange update.

Anchor Investors Participate in Sedemac Mechatronics' IPO

Abu Dhabi Investment Authority
ICICI Prudential Mutual Fund (MF)
Nippon India MF
Tata MF
HDFC MF
SBI MF
3PIM India Equity (IFSC) Fund

As per the circular uploaded on BSE's website, Sedemac Mechatronics allotted 24.10 lakh equity shares to anchor investors at Rs 1,352 per share. The total amount raised from such investors aggregates to Rs 326 crore.

Initial Public Offering (IPO) Details

Issue Opening Date: March 4
Issue Closing Date: March 6
Price Band: Rs 1,287 to Rs 1,352 per share
Issuer Valuation (at higher end): Close to Rs 6,000 crore

Offer for Sale (OFS) Details

Up to 80,43,300 equity shares by promoters Manish Sharma and Ashwini Amit Dixit
Investors selling shareholders include A91 Emerging Fund II LLP, NRJN Family Trust, Mumbai-based Xponentia Capital Partners, Mace Pvt Ltd, 360 One group, and HDFC Life Insurance Company

Since the public issue is completely an Offer for Sale (OFS), Sedemac Mechatronics will not receive any proceeds from the IPO.

About Sedemac Mechatronics

Pune-based Sedemac Mechatronics is a supplier of control-intensive, critical-to-the-application electronic control units (ECU) to original equipment manufacturers (OEM) in the mobility and industrial markets in India, the US, and Europe.