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The Economic Times

Markets / The Economic Times

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IIT Bombay's small investment of Rs 4,080 in Sedemac turns to Rs 55 crore in IPO

IIT Bombays incubator SINE is set to turn a Rs 4,080 investment in Sedemac Mechatronics into Rs 55 crore as the companys IPO nears closure. Early backers and founders are monetising stakes, while Sedemac continues its strong growth in automotive electronics, with revenue and profitability rising sharply over recent years.

6 Mar 2026 4:27 pm