SEDEMAC Mechatronics, a deep-tech company, is set to open its IPO for bidding on March 4, with a closing date of March 6. The IPO, which will not include any fresh issue, consists solely of an offer for sale (OFS) of up to 80.43 lakh shares. At a price band of ₹1,287 to ₹1,352 per share, the company aims for a valuation of around ₹5,970 crore. The IPO size is expected to be ₹1,087 crore.
The SEBI-approved IPO will see selling shareholders, including co-founders Manish Sharma and Ahswini Amit Dixit, each offloading a substantial number of shares. Notable investors like NRJN Family Trust, Xponentia Capital, A91 Partners, and HDFC Life Insurance are also set to reduce their stake through this offering.
SEDEMAC Mechatronics, incubated at IIT Bombay, has been developing innovative deep-tech solutions. This IPO marks a significant milestone in the company’s journey, providing investors an opportunity to be part of its growth story.
Source: Inc42 Media