IIT Bombay Prof's SEDEMAC IPO Hits Rs 1,087 Cr, Stock Up 100% — SkimNews
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- Professor Shashikanth of IIT Bombay built SEDEMAC, a deeptech startup that has crossed Rs 1,000 crore in annual revenue
- SEDEMAC completed a Rs 1,087 crore IPO earlier this year, marking a major milestone for an academic-born deeptech venture
- SEDEMAC's stock has grown over 100% since its IPO debut, more than doubling investor value in the months following listing
- SEDEMAC is profiled as a deeptech startup originating from an IIT Bombay lab, highlighting the academic-to-commercial pipeline at the institute
Why it matters: SEDEMAC's Rs 1,087 crore IPO and 100%+ post-listing stock surge demonstrate that academic-rooted deeptech ventures from IITs can scale past the Rs 1,000 crore revenue mark and deliver outsized listing-day returns, strengthening the case for deeptech as a viable public-market category in India.
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