Archive: February 28, 2026

SEDEMAC Mechatronics Limited’s initial public offering to open on Wednesday, March 04, 2026

Chandigarh, Feb 28: SEDEMAC Mechatronics Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹10 each (“Equity Shares”) on Wednesday, March 04, 2026. The Anchor Investor Bidding Date is one Working Day before the Bid/Offer Opening Date, being Monday, March 02, 2026. The Bid/ Offer Closing Date is Friday, March 06, 2026.

The Price Band of the Offer has been fixed from ₹1287 per Equity Shsare of face value ₹10 each to ₹1352 per Equity Share of face value ₹10 each. Bids can be made for a minimum of 11 Equity Shares of face value ₹10 each and multiples of 11 Equity Shares of face value ₹10 each thereafter.

The offer comprises an offer for sale of up to 8,043,300 Equity Shares of face value ₹10 each by existing promoter & promoter group selling shareholders, viz. Manish Sharma, and Ashwini Amit Dixit, and existing investor selling shareholders, viz. A91 Emerging Fund II LLP, NRJN Family Trust (represented by Entrust Family Office Legal & Trusteeship Services Private Limited), Xponentia Opportunities Fund II, Mace Private Limited, 360 One Special Opportunities Fund –  Series 8, 360 One Monopolistic Market Intermediaries Fund, HDFC Life Insurance Company Limited, Xponentia Opportunities Limited, Society for Innovation and Entrepreneurship, Cyrus Jamshed Guzde, Capri Global Holdings Private Limited, SVS Trust No IV, Venktesh Investment and Trading Company Private Limited, Himanshu Kantilal Sanghavi HUF, Devang Mehta, Atul Hiralal Shah, Bakul Hiralal Shah, Devinjit Singh, Perumal Ramamurthy Srinivasan, Bhavya Kapoor, and Rahul Bahri.

This offer includes a reservation of up to [●] equity shares of face value of ₹ 10 each, aggregating up to ₹10.00 million (constituting up to [●] % of the post-offer paid-up equity share capital) for subscription by eligible Employees (employee reservation portion).

A discount of ₹128 per Equity share is being offered to Eligible Employees bidding in the Employee Reservation Portion.

Founded in 2007 by four IIT Bombay engineers, SEDEMAC Mechatronics has grown into a globally deployed control technology company and one of the few Indian-origin suppliers to repeatedly deliver scalable, breakthrough innovations in automotive and industrial electronics.

The company is a leading supplier of control-intensive Electronic Control Units (ECUs) to major OEMs across India, the United States, and Europe. With fully in-house proprietary control technology capabilities, SEDEMAC serves two- and three-wheelers, electric vehicles, and generator applications.

Strategically, the company is expanding into commercial vehicles and the power tools segment, with successful proof-of-concept demonstrations in sensorless motor control and ongoing development of ECUs for commercial vehicle platforms — positioning it for the next phase of growth

This Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process and is in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”) provided that the  Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which at least 40% shall be reserved for domestic Mutual Funds, Life Insurance Companies and Pension Funds, in the following manner (i) 33.33% shall be reserved for domestic Mutual Funds; and (ii) 6.67% shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds and Life Insurance Companies and Pension Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription in the Anchor Investor Portion reserved for Life Insurance Companies and Pension Funds, the balance Equity Shares shall be available for allocation to domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders out of which (a) one-third of such portion shall be reserved for applicants with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-third of such portion shall be reserved for applicants with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations (“Retail Portion”), subject to valid Bids being received from them at or above the Offer Price. Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price.

Further, all potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective bank accounts (including UPI ID for UPI Bidders using UPI Mechanism) (as defined hereinafter) in which the Bid amount will be blocked by the SCSBs or the Sponsor Banks, as applicable, to participate in the Offer.

The Equity Shares of the Company are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) (BSE and NSE together, the Stock Exchanges).  

ICICI Securities Limited, Avendus Capital Private Limited and Axis Capital Limited are the Book Running Lead Managers (BRLMs) to the Offer.

All capitalised terms not defined herein would have the same meaning as attributed to them in the RHP.

Ray-Ethnic Celebrates the Modern Indian Woman with a Women’s Day Occasionwear Showcase

Mumbai, Feb 28:  This Women’s Day, Ray-Ethnic introduces a thoughtfully curated occasionwear showcase that celebrates the confidence, fluidity, and evolving identity of the modern Indian woman.

Rooted in the idea of strength in every silhouette, the edit reimagines occasion dressing through a contemporary lens that is versatile, effortless and designed to move seamlessly through the many roles she inhabits. This is celebration wear that keeps pace with her ambition, individuality and dynamic lifestyle.

The collection brings together fluid kurta sets, contemporary festive ensembles and elevated separates in soft, luminous tones, defined by thoughtful fabrics, relaxed tailoring and refined detailing. Designed for women who lead, nurture, build and celebrate, often all within a single day. The edit champions repeat-worthy occasionwear that transitions effortlessly from day to evening. 

Speaking on the initiative, Trisha Roy, Brand Manager of  Ray-Ethnic, said: “This Women’s Day, we wanted to celebrate the strength and versatility of women through clothing that moves with them. Each silhouette is designed to be effortless, confidence-boosting and relevant for the way women celebrate today.”

More than a seasonal launch, the showcase reflects the brand’s focus on accessible, contemporary occasionwear that can be worn beyond a single event. Designed with versatility and repeat value in mind, it encourages a more mindful and long-lasting approach to celebration dressing. 

The Women’s Day edit is now available online.

Holi Haze: Delhi NCR’s Largest & Most Electrifying Holi Celebration Returns for Its 4th Edition

Delhi NCR’s most anticipated Holi festival experience, Holi Haze, Co-powered by Oaksmith, returns with its 4th edition on 4th March 2026 at Jawaharlal Nehru Stadium (Gate No. 14). Bigger, bolder, and more immersive than ever, Holi Haze 4.0 is set to become the largest Holi celebration across Delhi NCR, bringing together 10,000+ attendees for a full-day, high-energy festival.

With over 10 hours of live performances, multi-stage music, immersive installations, and a city-wide party atmosphere, the festival transforms Delhi into a playground of colour, sound, and celebration. The Capital Stage features Pranjal Dahiya, DJ Sumit Sethi, Dilnoor, Charu Semwal, and Ishika Sehgal, while the Techno Stage hosts Steve Levi, Vanmoon, Porsche, Sum=It, and Ashim Das, delivering everything from crowd-favourite anthems to deep, driving techno as timed colour blasts erupt over the stadium.

Beyond the music, festival-goers can dive into water showers, colour corridors, neon splash walls, themed photo installations, flea markets, and sunset decks, while 20+ curated food stalls and 10+ bars serve festive favourites, global flavours, craft cocktails, mocktails, and beers. For a more elevated experience, exclusive VIP lounges and premium viewing areas offer superior comfort and the best views of the action as the celebration moves seamlessly from day to night.

Event Details

Date: 4th March 2026
Venue: Jawaharlal Nehru Stadium, Gate No. 14, New Delhi
Timings: 10+ hours of non-stop celebration

Cosmo Speciality Chemicals Announces Launch of Advanced Masterbatches Portfolio

Star Union Dai-ichi Life Insurance Expands Insurance Outreach in Goa

Advancing financial protection across communities in Goa, Star Union Dai–ichi Life Insurance (SUD Life), the Lead Insurer for the state, engaged more than 2,000 members in 20 Gram Panchayats through a focused awareness initiative held in Jan – February 2026 under the State Insurance Plan.

The Insurance Awareness Campaign focused on building awareness about the importance of life insurance protection and encouraging enrolment under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Structured Panchayat-level seminars and interactive Q&A sessions were conducted across North and South Goa districts to improve understanding of affordable life insurance solutions.

The programme saw active participation from Gram Mukhiyas, Gram Sachivs and Sarpanches, whose support was instrumental in mobilising villagers and encouraging active community participation. Their involvement helped reinforce the importance of financial protection at the grassroots level and built greater trust within the local communities.

Financial concepts were simplified through insurance themed interactive games, while queries were clarified and misconceptions removed, empowering families to make informed financial decisions.

Founded in 2009, SUD Life has served over 15 million customers across India through sustained efforts, grassroots outreach and insurance awareness programmes, contributing to an improved financial protection coverage.

Commenting on the initiative, Shri. Abhay Tewari, MD & CEO Star Union Dai–ichi Life Insurance said, “Community-led insurance awareness is essential to enhancing financial security at the grassroots. The encouraging participation we received in Goa reflects the growing awareness about the need for life insurance protection. We will continue working closely with Panchayat leaders and local communities to improve access to affordable schemes like PMJJBY, strengthen insurance coverage across the state, and achieve the Government’s vision of Insurance for All by 2047.”

Aligned with its core philosophy of “Protecting Families, Enriching Lives,” Star Union Dai–ichi Life Insurance continues to strengthen financial inclusion initiatives and deepen insurance penetration across rural Goa through sustained grassroots outreach.