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

IIT Bombay’s incubator SINE is set to turn a Rs 4,080 investment in Sedemac Mechatronics into Rs 55 crore as the company’s 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.