Pune-based powertrain controls and automotive components maker Sedemac Mechatronics, which is backed by Xponentia Capital Partners, A91 Partners, and 360 ONE, has filed draft document with the SEBI to raise funds via initial public offering (IPO).

The IPO comprises of entirely an offer-for-sale of 80.43 lakh shares by promoters and investors with no fresh issue component. Hence, the entire IPO proceeds will go to the selling shareholders and the company will not receive any funds from the offer.

Apart from promoters (Manish Sharma and Ashwini Amit Dixit), Xponentia Capital Partners, A91 Partners, 360 ONE, HDFC Life Insurance Company, Mace, and NRJN Family Trust are the selling shareholders in the IPO.

As per the DRHP filing on November 10, the promoters' shareholding in Sedemac Mechatro

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