Sedemac Mechatronics, a powertrain controls and auto parts manufacturer, has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through initial public offering (IPO). The IPO is entirely an offer for sale (OFS) of up to 80,43,300 equity shares by promoters Manish Sharma and Ashwini Amit Dixit and investors selling shareholders. 

ICICI Securities, Avendus Capital and Axis Capital are the book running lead managers for the IPO. The company's shares are proposed to be listed on the BSE and NSE.

Pune-based Sedemac Mechatronics is a supplier of control-intensive, critical-to-the-application electronic control units (ECU) to original equipment manufacturers (OEM) in the mobility and industrial markets in India, the US, and Europe. It develops, designs and manufactures sensor-less commutation-based integrated starter generators ECUs for two-wheeler and three-wheeler internal combustion engine powered vehicles.