Avendus Capital acted as the BRLM to SEDEMAC Mechatronics on their INR 306 cr pre-IPO round and INR 1,087 cr IPO

Overview

Avendus Capital acted as one of the Book Running Lead Managers to SEDEMAC Mechatronics and its shareholders on its Initial Public Offering.

Deal Value

~INR 1087 cr

Service

Equity Capital Markets

Sector

Industrials

Date

Mar 2026

It is a privilege to partner with the SEDEMAC team on their public market debut. SEDEMAC’s differentiated technology and strong OEM relationships have attracted strong participation from institutional investors, across their IPO and pre-IPO round. This robust response reflects investor conviction in the company’s growth potential and the evolving mobility ecosystem. We look forward to seeing the company create long-term value for public market investors.

Srivathsan Ramachandran

Managing Director and CEO, Avendus Spark Institutional Equities

SEDEMAC’s successful listing underscores the strong investor appetite for differentiated, innovation-led manufacturing businesses in India. Despite a volatile market environment, the company attracted participation from a diverse set of high-quality domestic and global institutional investors. We congratulate the promoters and management team on this milestone as they begin their journey as a listed company.

Gaurav Sood

Managing Director & Head, Equity Capital Markets, Avendus Capital

SEDEMAC has built a differentiated positioning by consistently investing in in-house R&D and developing fresh, proprietary control technologies for automotive and industrial applications. Its ability to design and commercialize products for global OEMs reflects the depth of its engineering talent and proprietary technology development. We are proud to have partnered with the company in its transition from private to public markets.

Koushik Bhattacharyya

Managing Director & Head, Industrials Investment Banking, Avendus Capital

About SEDEMAC

SEDEMAC designs and supplies control-intensive, critical-to-the-application electronic control units (ECUs) to leading OEMs in the mobility and industrial markets in India, US, and Europe. SEDEMAC’s revenue largely comes from products incorporating novel control technologies conceived and developed entirely in-house. The Company has successfully sold over 10 million control-intensive ECUs cumulatively.