A91 Partners, Xponentia, 360 One set for quick multiples from Sedemac Mechatronics IPO

Automotive electronic and electrical component maker Sedemac Mechatronics is set to open its Rs 1,087-crore initial public offering (IPO) on Wednesday, delivering hefty gains for late-stage backers that entered the Pune-based company’s cap table less than two years ago. This includes growth equity firm A91 Partners, which is expected to see 3.7X returns on an investment made in 2024.