Here are the highlights:
⚡ SEDEMAC Mechatronics — India's first sensorless ISG ECU maker, incubated at IIT Bombay's SINE. ₹1,087 Cr all-OFS IPO at ~₹6,000 Cr market cap. A91, Xponentia, 360 One, NRJN Family Trust (Nandan Nilekani) among sellers. ~48x EBITDA, ~9x P/S.
🌱 CleanMax — India's largest C&I renewable energy company. ₹3,084 Cr IPO (₹1,200 Cr fresh + ₹1,900 Cr OFS) at ~₹12,000 Cr market cap. Brookfield (DIFC), Augment India Holdings, Danish SDG Investment Fund among sellers. ~12x EV/EBITDA, ~8x P/S.
🏠 Urban Company — Post-IPO block deal of ₹734 Cr. ABG Capital, DF International Partners, and Wellington Hadley Harbor exited as pre-IPO lock-in expired.
Despite tariff wars and market uncertainty, IPO-led liquidity continues — a sign that India's public markets remain a viable path for founders building long-lasting companies.
------------------------------------------
The views and opinions expressed in this content are for informational purposes only and do not constitute investment, legal, tax, or accounting advice, nor an offer or solicitation to buy or sell securities. References to companies, transactions, or market events are illustrative only and should not be construed as endorsements or statements of value. Any views expressed by individuals are solely their own and do not represent those of Blume Ventures, its affiliates, partners, or employees. Past performance is not indicative of future results.