India, Nov. 13 -- Deeptech startup SEDEMAC Mechatronics is preparing for its public market debut, allowing its investors to partially cash out through an offer for sale (OFS).

According to the company's draft red herring prospectus (DRHP), promoters and shareholders together plan to offload up to 80.4 Lakh equity shares via the OFS. There is no fresh issue component, meaning no new capital will flow into the company.

The IPO is expected to be in the range of INR 800 Cr-INR 1,000 Cr, as per previous media reports. ICICI Securities, Avendus Capital and Axis Capital are the book-running lead managers to the issue, while MUFG Intime India will act as registrar.

Among investors, biggest shareholder A91 Partners, through its entity A91 Emerg...