First up is SEDEMAC Mechatronics, an IIT Bombay–born electronics and motor-control systems company powering both ICE and EV two- and three-wheelers. SEDEMAC posted ₹660+ crore revenue, ₹125 crore EBITDA, and strong 24–25% growth in FY25 — supporting its estimated ₹5,500 crore valuation. The entire ₹1,000 crore issue is an OFS, with investors like A91, Xponentia, 360 ONE, and NRJN Family Trust partially exiting.
The second DRHP comes from Manipal Payment & Identity Solutions, India’s largest producer of national ID cards and government-grade secure printing. With ₹1,250+ crore revenue and ₹400 crore EBITDA, they’re targeting a ₹7,000 crore valuation — including a ₹400 crore fresh issue and promoter-led OFS.
We unpack the numbers, the cap tables, and what these filings signal about India’s manufacturing, identity-tech, and electronics landscape.
🔔 Subscribe for more Decoding Exits insights every month.
------------------------------------------
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.