Sedemac Mechatronics Limited, a company that sells innovative control products to the original equipment manufacturers, made a fine listing on Wednesday, March 11, 2026.

A reasonable listing was expected, as the company’s ₹1,087 Crore initial public offering received a 2.68 times subscription (according to NSE data) during March 4-6.

The shares of Sedemac Mechatronics were listed at ₹1535 apiece on the National Stock Exchange, a premium of 13.5 percent, against the IPO price band of ₹1287 – ₹1352.

On the Bombay Stock Exchange, the company’s shares were listed at ₹ 1,510 per share, representing a premium of 11.7 percent.

The Stock made an intra-day high of ₹1613.50 and a low of ₹1420 before closing at ₹1451.10 (up 7.3 percent) on the NSE at the market’s close.

In terms of volumes, Sedemac_Mechatronics traded with 3,815,477 shares on the NSE.

Finblab.com view (at the time of IPO)

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1 March 2026

Sedemac Mechatronics Limited, a company that sells innovative and critical-to-the-application control products to the OEMs, plans to raise ₹1,087 crore through an IPO.

[Fresh Issue NIL + OFS ₹1,087 Cr]

Sedemac mechatronics ipo price is ₹1287 – ₹1352 per share

Sedemac Mechatronics: History

The Company was initially incorporated as SEDEMAC Mechatronics Private Limited, a private limited company, under the Companies Act, 1956, on July 18, 2007.

The Company was then converted into a public limited company under a special resolution passed by the shareholders in an Extraordinary General Meeting on June 7, 2024.

Its name was subsequently changed to SEDEMAC Mechatronics Limited under a fresh certificate of incorporation issued by the Registrars of Companies on September 2, 2024.

Sedemac Mechatronics: Business

Sedemac Mechatronics Ltd is a leading supplier of control-intensive, critical-to-the-application electronic control units (ECUs) to the leading original equipment manufacturers (OEMs) in the industrial and mobility markets in India, Europe, and the United States.

According to the CRISIL Report, SEDEMAC is the first company in India to design, develop, and manufacture sensorless commutation-based integrated starter generators (ISG ECU) for two-wheelers and three-wheelers internal combustion engine (ICE)-powered vehicles.

The Company held 30 percent market share of the domestic ISG ECU market (for two-wheelers and three-wheelers combined) in terms of volume and is amongst the top 4 players for FY 2025, as per the CRISIL Report.

SEDEMAC is also the leader in India for the genset controllers (GC) market with a market share of 75 percent in FY 2025.

It is among the key global players with a market share of 14 percent globally in genset controllers and EFI ECUs.

Product List

Manufacturing Facilities

As of the date of this Draft Red Herring Prospectus (DRHP), the company operates with two technical centers and two operational manufacturing facilities, located at Pune, Maharashtra, India.

Strategies Ahead

• Expand technologies and product portfolio across multiple markets.
• Drive product and technology differentiation.
• Offer a suite of control-intensive products for each market.
• Build and sustain strong partnerships with market leaders.
• Leverage synergies across markets, products, and supply chains

Company Promoters

1. Shashikanth Suryanarayanan,
2. Amit Arun Dixit,
3. Manish Sharma,
4. Anaykumar Avinash Joshi.

Refer to SEDEMAC Mechatronics DRHP for detailed information.

IPO Details

Sedemac IPO date: 4 – 6 March 2026

Minimum Amount: ₹14,872

Minimum Bid: 11 Shares

Face Value: ₹10

Listing On: NSE, BSE

Financial

Book Running Lead Managers

ICICI Securities

Avendus Capital

Axis Capital

CONCLUSION

FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) on Sedemac Mechatronics IPO.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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[Fresh Issue ₹255 Cr + OFS ₹68 Cr]

Innovision ipo price is ₹521 – ₹548 per share

Innovision: History

The Company was initially incorporated as SRT Innovision Services Private Limited, a private limited company, under the Companies Act, 1956, on January 11, 2007.

The Company was then converted into a public limited company under a special resolution passed by the shareholders in the EGM on November 19, 2010.

Its name was subsequently changed to Innovision Limited under a fresh certificate of incorporation issued by the Registrars of Companies on March 2, 2011.

Innovision: Business

Innovision Ltd. is in the business of providing toll plaza management, manpower services, and skill development training to its clients nationwide.

The Company started its business operations with a single service domain, providing manned private security services in the year 2007, and gradually diversified its business to provide a suite of manpower services.

Key clients of the company in India include healthcare, retail, warehousing, logistics, and the BFSI sector.

As of December 31, 2025, Innovision had provided services to over 1,000 client locations and over 180 clients in a variety of industries.

India Presence

The Company operates in 3 union territories and 22 states in India.

It possessed a license to provide manned private security services under the PSARA Act in 18 States and 4 Union Territories in India.

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Strategies Ahead

• Leveraging capabilities to increase the scale of operations
• Bids for more toll plazas and targeting new clients in manpower services
• Adoption of technologies to diversify the manpower services portfolio
• Grow client base for integrated facility management services.
• Expanding into the Drone Training and Manufacturing Industry
• Expansion of footprint outside India

Company Promoters

1. Lt Col Randeep Hundal,
2. Uday Pal Singh.

Refer to Innovision DRHP for detailed information.

IPO Dates

IPO Details

Object of the IPO

(1) Full (part) repayment of outstanding secured borrowings,

(2) Funding Working Capital requirements,

(3) General corporate purposes.

Financial

Book Running Lead Manager

Emkay Global Financial Services

CONCLUSION

Considering general business conditions, financial performance, and the above-listed factors in mind, FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Innovision Limited IPO.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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Happy Forgings: History

The Company was originally incorporated as Happy Forgings Private Limited, a private limited company, under the Companies Act, 1956, at Jalandhar, Punjab, India, on July 2, 1979.

It was then converted into a public limited company under a special resolution passed by the shareholders at the extraordinary general meeting (EGM) on March 31, 1998.

Its name was subsequently changed to Happy Forgings Limited under a fresh certificate of incorporation issued by the Registrars of Companies on April 1, 1998.

Happy Forgings: Business

According to the Ricardo Report, Happy Forgings is the 4th largest engineering-led manufacturer of complex and safety-critical, heavy forged and high-precision machined components in India (in terms of forgings capacity).

The Company is engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are margin accretive and value-additive.

It has 40 years of experience in manufacturing and supplying high-quality complex components according to clients’ specifications.

The company has emerged as a leading player in the domestic crankshaft manufacturing industry, and the second-largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India.

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Product Portfolio

The Company manufactures a wide range of heavy forged and machined products which include crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies.

The Company primarily caters to domestic and global original equipment manufacturers (OEMs), manufacturing commercial vehicles in the automotive sector.

While in the non-automotive sector, it caters to manufacturers of farm equipment, off-highway vehicles, and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries.

Client List

The company’s prestigious client list includes Ashok Leyland Limited, International Tractors Limited, JCB India Limited, Mahindra & Mahindra Limited, Cameri SPA, SML ISUZU Limited, Swaraj Engines Limited, Tata Cummins Private Limited, and Watson & Chalin India Private Limited.

Manufacturing Facilities

The Company owns and operates three manufacturing facilities, of which two are located at Kanganwal in Ludhiana, Punjab, India, and one is located at Dugri in Ludhiana, Punjab, India.

ALSO READ – Sedemac Mechatronics IPO Review

Capacity Expansion

Happy Forgings Ltd installed a 6,300-tonne forging press in Q1 FY25 and will add more machining capacity (1,500 MT in Q1 FY25, 4,500 MT in Q2 FY25, and 5,000 MT in Q3 FY25), source – company website.

Listed On

The share of Happy Forgings Limited is presently listed on the Bombay Stock Exchange (BSE), CODE 544057, and National Stock Exchange (NSE) as HAPPYFORGE.

Stock Info

Share Holding Pattern

Financial

Conclusion

Happy Forgings is the 4th largest engineering-led manufacturer of complex and safety critical, heavy forged and high-precision machined components in India.

Promoters of the company hold more than 78 percent stake in the company.

Along with this, some of the top institutions, such as Aditya Birla Sun Life, Business Excellence Trust, Ikigai Emerging Equity Funds, Kotak Mutual Fund, and SBI Mutual Fund, hold more than a 1 percent stake in the company (as of December 2025).

The Company reported strong Q3 FY26 results with a 10.4% Y-o-Y revenue growth (increased to ₹391 crore) and a 22.3% rise in profit after tax (PAT) to ₹79 crore, driven by high-volume, precision-forged components.

On the technical front, Happy Forgings share is trading above its 20-day SMA (1,250) and 200-day SMA (1,020) on the daily chart.

Considering the above-listed factors in mind, Happy Forgings Limited looks good at ₹1200 – ₹1250.

FinBlab recommends investing in a stock keeping a long-term (2 to 3 years) view in mind. (One can accumulate on decline also).

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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Clean Max Enviro Energy Solutions Limited, India’s largest Commercial & Industrial (C&I) renewable energy provider, made a weak debut on the bourses on Monday, March 02, 2026.

The weak (disappointing) listing was anticipated as the company’s ₹3,100 Crores Initial Public Offering received just 81 percent subscription (according to National Stock Exchange data) during February 23-25.

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The shares of Clean Max were listed at ₹960 apiece on the NSE, against the IPO price band of ₹1000 – ₹1053, representing a discount of 9%.

On the Bombay Stock Exchange (BSE), the shares of the company were listed at ₹952 per share, a reduction of 9.57%.

The Stock made an intra-day high of ₹960 and a low of ₹768 before closing at ₹867.50 (down 18 percent) on the NSE at the market’s close.

In terms of volumes, Clean Max Energy traded with 6,824,962 shares on the NSE.

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20 February 2026

Clean Max Enviro Energy Solutions Limited, a leading industrial and commercial renewable energy provider in India, is planning to raise ₹3,100 crore through an Initial Public Offering (IPO).

[Fresh Issue ₹1,200 Cr + OFS ₹1,900 Cr]

Clean max enviro energy solutions ipo price is ₹1000 – ₹1053 per share

Clean Max Enviro Energy: History

The company was originally incorporated as Clean Max Enviro Energy Solutions Private Limited, at Mumbai, Maharashtra, India, as a private limited company under the provisions of the Companies Act, 2013, on September 29, 2010.

It was then converted into a public limited company under a special resolution passed by the shareholders at the extraordinary general meeting (EGM) on July 14, 2025.

Its name was subsequently changed to Clean Max Enviro Energy Solutions Limited under a fresh certificate of incorporation issued by the Registrars of Companies (RoC) on August 7, 2025.

Clean Max Enviro Energy: Business

With nearly 15 years of experience since its inception in 2010, Clean Max specializes in delivering Net Zero and decarbonization solutions.

The Company offers a range of renewable energy offerings to clients under two business segments:

1. Renewable Energy Power Sales Segment; and
2. Renewable Energy Services Segment.

Its expertise spans providing energy contracting, EPC services, and operation and maintenance services of renewable energy plants, including wind, solar, and hybrid plants, within clients’ premises and within CleanMax-developed renewable energy farms.

The Company provides its services to data centres, AI and technology industries, and commercial & industrial enterprises across a range of sectors, including cement, FMCG, infrastructure, industrial manufacturing, pharmaceuticals, real estate, steel, and global capability centres (GCC).

Clean Max also provides end-to-end decarbonization solutions to clients, including turnkey development and O&M solutions for renewable energy power plants, as well as carbon credits solutions.

Largest Energy Provider

According to the CRISIL report, Clean Max is India’s largest commercial and industrial (C&I) renewable energy provider, as of March 31, 2025.

Capacity

As of July 31, 2025, Clean Max has 2.54 gigawatt (GW) of operational, owned, and managed capacity and an additional 2.53 GW of contracted capacity under execution.

Strategies Ahead

• Preserving Core Purpose and Values
• Evolving Operating Practices and Strategies

Company Promoters

1. Kuldeep Jain,
2. Pratap Jain,
3. Nidhi Jain,
4. BGTF One Holdings (DIFC) Limited,
5. Kempinc LLP

Refer to Clean Max Enviro DRHP for detailed information.

IPO Details

ipo date: 23 Feb – 25 Feb 2026

Minimum Amount: ₹14,742

Minimum Bid: 14 Shares

Face Value: ₹1

Listing On: NSE, BSE

Financial

Book Running Lead Managers

Axis Capital, BNP Paribas, BOB Capital, HSBC Securities and Capital Markets, IIFL Capital, Nomura Financial Advisory, SBI Capital, and J.P.Morgan India.

CONCLUSION

FinBlab recommends ‘NEUTRAL‘ ratings on Clean Max Enviro Energy Solutions Limited IPO.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Clean Max Enviro Energy IPO Review, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Gaudium IVF IPO “Listing”

Gaudium IVF and Women’s Health Ltd, a company that specializes in fertility and reproductive health services, made a muted debut on the stock market on February 27, 2026.

The muted listing came despite the company’s ₹165 Crores IPO receiving a decent subscription of 7.27 times (according to stock exchange data) during February 20-24.

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The shares of Gaudium IVF were listed at ₹83 apiece on the National Stock Exchange (NSE), against the IPO price of ₹79, representing a premium of about 5%.

The Stock made a high of ₹87.15 and a low of ₹79.50 before closing at ₹80.40 (up 1.77%) on the NSE at the market’s close.

In terms of volumes,  Gaudium_IVF traded with 8,849,112 shares on the NSE.

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17 February 2026

Gaudium IVF and Women Health Limited, a company engaged in the IVF treatment in India, is planning to raise ₹165 crore through an Initial Public Offering.

[Fresh Issue ₹90 Cr + OFS ₹75 Cr]

Gaudium ivf ipo price is ₹75 – ₹79 per share

Gaudium IVF: History

The company was originally incorporated as Gaudium IVF and Women Health Private Limited, as a private limited company under the provisions of the Companies Act, 2013, on March 24, 2015.

The Company was then converted into a public limited company under a special resolution passed by the shareholders on September 28, 2024. Its name was subsequently changed to Gaudium IVF and Women Health Limited under a fresh certificate of incorporation issued by the Registrars of Companies on October 24, 2024.

Gaudium IVF: Business

Incorporated in 2015, Gaudium IVF and Women Health Ltd. is engaged in IVF (In Vitro Fertilization) treatment across India and has extended into several states in the country using a hub-and-spoke model.

The Company offers a vast range of specialized fertility and reproductive health services. Its advanced treatments include –

• In Vitro Fertilization (IVF),
• Intracytoplasmic Sperm Injection (ICSI),
• Intrauterine Insemination (IUI), and
• Ovulation Induction (OI).

All the treatments offered by the company are meticulously designed to address a variety of infertility challenges for both females and males.

It also offers a complete range of gynecological care treatment, including Polycystic Ovarian Disease (PCOD)/ Polycystic Ovary Syndrome (PCOS) and endometriosis.

The Company also provides a vast range of male infertility treatments, including advanced sperm retrieval techniques.

It also offers cryopreservation services for egg freezing for future fertilization, utilizing state-of-the-art technology to ensure optimal success rates in future IVF cycles.

Gaudium IVF also offers hysteroscopic and laparoscopic surgeries for the diagnosis and treatment of infertility-related issues, as well as genetic testing options, including Preimplantation Genetic Testing (PGT).

PAN-India Presence

The company operates with more than 30 locations in India, which comprises,

• 7 hubs (IVF centers), and
• 28 spokes (the company has entered into a strategic alliance with Spokes Infertility Expert for spreading awareness about IVR and Assisted Reproductive Technology (ART) treatment).

Overseas Patients

The company also serves patients from foreign countries, including Canada, Kenya, Oman, the United Kingdom, the United States, and South Africa.

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Strategies Ahead

• Establishment of New IVF Centers
• Launching of FMCG Products through EKK Global (a Wholly Owned Subsidiary of the company)

Company Promoters

1. Dr. Manika Khanna,
2. Dr. Peeyush Khanna,
3. Vishad Khanna.

Refer to Gaudium IVF DRHP for detailed information.

IPO Details

Gaudium ivf ipo date: 20 Feb – 24 Feb 2026

Minimum Amount: ₹14,931

Minimum Bid: 189 Shares

Face Value: ₹5

Listing On: NSE, BSE

Financial

Book Running Lead Manager

Sarthi Capital Advisors

CONCLUSION

FinBlab recommends ‘SUBSCRIBE‘ ratings on Gaudium IVF IPO.

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Gaudium IVF IPO Review, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.