Bangalore: Sedemac Mechatronics Limited, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The Company is into design and supply of control-intensive, critical-to-the-application electronic control units (“ECUs”) to leading original equipment manufacturers (“OEMs”) in the mobility and industrial markets in India, the United States, and Europe. Majority of the revenue from operations is attributed to products which incorporate novel control technologies that are conceived and developed entirely in-house, enabling the company to offer fresh proprietary solutions that provide distinct value to end-users or OEM customers.
According to the DRHP, the Company plans to raise funds through an Initial Public Offering. The total Offer comprises of an 100% Offer For Sale of up to 8,043,300 equity shares (“Total Offer Size”). The Company will not receive any proceeds from the Offer for Sale.
The Company’s revenue from operations from three months ended June 30, 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023 stood at ₹ 2,173.57 million, ₹ 6,583.63 million, ₹ 5,306.53 million and ₹ 4,230.28 million respectively. The Profit for the period/year stands at ₹ 170.69 million, ₹ 470.45 million, ₹ 58.78 million and ₹ 85.73 million respectively during the same period
They are the first company in India to develop, design and manufacture sensorless commutation (“SLC”) based integrated starter generators (“ISG”) ECUs for two-wheeler / 3-wheelers (“2/3Ws”) internal combustion engine (“ICE”) powered vehicles (Source: CRISIL Report), The company holds approximately 30% market share of domestic ISG ECU market (for 2W and 3W combined) in terms of volume and are amongst the top 4 players for Fiscal 2025 (Source: CRISIL Report).The Company is also the leaders in India for genset controllers (“GC”) with a market share of more than 75% in Fiscal 2025 and are amongst the key global players with a market share of 14% globally with their offerings of genset controllers and EFI ECUs for this market (Source: CRISIL Report).
