Sedemac Mechatronics, a Pune-based automotive technology firm specializing in engine control electronics, has opened its initial public offering for subscription. The company supplies advanced electronic components to leading automobile manufacturers in India and abroad.
The IPO aims to raise over Rs.1000 cr. primarily through an offer-for-sale by promoters and early investors. The price band has been fixed in the range of Rs.1287 to Rs.1352 per share, placing the company’s valuation in the multi-billion rupee range.
Market participants are closely monitoring subscription levels as investor sentiment remains cautious due to volatile equity markets. However, the company’s strong presence in automotive electronics and its long-term growth prospects could support demand for the issue.
