A small investment made years ago by a startup incubator at Indian Institute of Technology Bombay has turned into a massive financial gain after the public listing of Sedemac Mechatronics, an automotive technology company based in Pune.
The institute’s startup incubator, Society for Innovation and Entrepreneurship (SINE), had invested just ₹4,080 in the company when it was still a young startup. With Sedemac launching its Initial Public Offering (IPO), the value of that early investment has now grown to nearly ₹55 crore.
SINE invested in Sedemac many years ago by buying shares at a very low price, reportedly around one paisa per share. At the time, the company was in its early stage and was developing technology solutions for the automotive industry.
Over the years, Sedemac expanded its operations and built a strong presence in the automotive electronics sector. The company designs and manufactures electronic control systems used in vehicles and machines. Its products are commonly used in two-wheelers, three-wheelers, electric vehicles and small engines.
Today, SINE holds about 4.08 lakh shares in the company, representing a small but valuable stake. With the IPO price band set between ₹1,287 and ₹1,352 per share, the total value of this stake is estimated to be around ₹55 crore.
Sedemac’s IPO opened for subscription in early March and attracted strong interest from investors. The public offering is structured as an offer-for-sale, meaning existing shareholders are selling part of their stake rather than the company issuing new shares.
Also Read: Domestic LPG up ₹60, commercial cylinders now ₹115