Sedemac Mechatronics IPO: Key Details and Overview Sedemac Mechatronics is launching an initial public offering (IPO) with a price band of ₹1,287 to ₹1,352 per share. The offering is exclusively an offer for sale (OFS) of 80.43 lakh equity shares, valued at ₹1,087.45 crore. Promoters Ashwini Amit Dixit and Manish Sharma, along with investor selling shareholders, are divesting their stakes through this OFS. Notable selling shareholders include HDFC Life Insurance Company, A91 Emerging Fund II LLP, Xponentia Capital Partners, 360 One Group, NRJN Family Trust, and Mace Pvt Ltd. The IPO does not generate proceeds for Sedemac Mechatronics, as it is entirely an OFS. The company specializes in supplying control-intensive electronic control units (ECUs) to original equipment manufacturers (OEMs) in the mobility and industrial sectors. Its products are distributed across India, the United States, and Europe. Key clients include Kirloskar Oil Engines, TVS Motor Company, Briggs and Stratton LLC, Bajaj Auto, and DEIF India. The IPO’s allotment and listing dates are yet to be finalized, but investors can check their allotment status through platforms like the National Stock Exchange (NSE) and MUFG Intime India. Additionally, Moneyview has submitted draft papers to the Securities and Exchange Board of India (SEBI) for the IPO. Other market updates include surges in shares of Electrosteel Castings, Gallantt Ispat, and IOL Chemicals following promoter stake purchases. Meanwhile, Samvardhana Motherson’s shares rose due to a joint venture approval and an interim dividend declaration. Firstsource’s stock also gained traction after the company introduced new technology.#manish_sharma #sedemac_mechatronics #hdfc_life_insurance_company #ashwini_amit_dixit #a91_emerging_fund_ii_llp
