India, Nov. 11 -- Deeptech startup SEDEMAC Mechatronics has filed its draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI) for an IPO comprising solely of an offer for sale (OFS) component.

The company's proposed IPO will see its investors and promoters cumulatively sell 80.43 Lakh shares. In this, A91 Partners will sell the highest 24.11 Lakh shares while 360 ONE Asset will sell 11.53 Lakh shares through its two holding entities. Meanwhile, Xponentia Capital would be selling 10.45 Lakh shares and Mace Pvt Ltd will be offloading 7.66 Lakh shares.

The startup's founder and CEO Manish Sharma plans on selling 45,000 shares, while promoter group member Ashwini Amit Dixit will offload 67,500 shares.

While t...