Sedemac Mechatronics' IPO, fully subscribed on March 6, 2026, raised ₹1,087 crore with strong institutional interest ahead of its March 11 listing.

The IPO of Sedemac Mechatronics Ltd, a Pune-based auto parts manufacturer, was fully subscribed on March 6, 2026, with total bids reaching 2.68 times the offer size. The ₹1,087 crore issue, entirely an offer-for-sale (OFS), saw strong institutional demand—QIBs subscribed 8.46 times—while retail investors were only 20% subscribed. The company, which supplies electronic control units to OEMs in India, the U.S., and Europe, is set to list on BSE and NSE on March 11. Despite a negative grey market premium, the IPO marks a major success for IIT Bombay’s SINE incubator, which is set to earn around ₹55 crore from its early-stage investment. The firm reported revenue of ₹658 crore and profit of ₹47 crore in FY25.