Spray Engineering Devices Limited (SEDL) Pre‑IPO Price: All You Need to Know
17 June 2025 · Sachin Gadekar
Understand the pre‑IPO journey of Spray Engineering Devices Ltd, its share price trends, financials, and how smart investors approach unlisted shares.
What is Spray Engineering Devices Limited (SEDL)?
Introduction
The growing interest in private market investing has turned the spotlight on unlisted shares and pre‑IPO opportunities. One company that has gained attention recently is Spray Engineering Devices Limited (SEDL)—a process engineering company catering to the sugar, energy, and industrial water sectors.
As of 2025, the unlisted market has witnessed active buying and selling of SEDL shares, sparking discussions about its pre‑IPO valuation, financial performance, and investment potential. If you're considering investing in pre‑IPO shares or simply want to understand this market better, this article is for you.
Founded in 2004 and headquartered in Chandigarh, SEDL designs and delivers integrated engineering solutions to improve industrial efficiency. The company’s core areas include:
Water & wastewater management
High-efficiency evaporators
Condensate & energy recovery systems
Turnkey industrial process systems
With a presence in over 40 countries and recognition from DSIR (Department of Scientific and Industrial Research) for its innovation, SEDL has carved a niche in energy-efficient industrial solutions.
Understanding Pre‑IPO Shares
Before a company goes public through an Initial Public Offering (IPO), its shares are often available in the unlisted market. These are called pre‑IPO shares, and they are usually sold to high-net-worth individuals (HNIs), institutional investors, or through secondary deals among existing shareholders and investors.
Unlike listed shares, pre‑IPO shares are not available on stock exchanges and are traded privately via unlisted brokers or investment firms.
SEDL Pre‑IPO Share Price Trends
The pre‑IPO share price of SEDL has varied significantly across platforms and time periods. Here are some indicative trends from 2024–2025:
Low Range: ₹295–₹350 per share
Mid Range: ₹500–₹540 per share
Peak Quotes: ₹600–₹675 per share (August–September 2024)
What causes this fluctuation?
Different broker margins
Availability of shares and investor demand
Latest company financial performance
Anticipation of IPO timeline
The face value of SEDL shares is ₹10, and the lot size is generally 100 shares.
Financial Overview of SEDL
| FY | Revenue (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) | EPS (₹) |
|---|---|---|---|---|
| FY24 | 1158.4 | 722.6 | 447.8 | ₹9.52 |
| FY23 | 939.6 | 563.0 | 292.8 | ₹6.3 |
| FY22 | 502.3 | 227.0 | 35.0 | ₹0.7 |
| FY21 | 267.6 | 45.1 | -92.9 | -₹2.0 |
| FY20 | 781.3 | 435.6 | 237.5 | ₹4.9 |
How to Evaluate Pre‑IPO Investments Like SEDL
If you're considering investing in pre‑IPO shares like SEDL’s, here are key aspects to evaluate:
1. Valuation Multiples
Look at the Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios. SEDL’s latest pre‑IPO valuations show P/E in the range of 17–25, depending on price quote and EPS used.
2. Growth Trajectory
From FY21’s losses to FY24’s ₹447 Cr PAT, the upward trend suggests a high-growth business with IPO potential.
3. Risk Factors
Illiquidity until IPO
Price volatility due to limited trades
Uncertainty around IPO timeline
4. Exit Strategy
Plan for a 12–24 month holding period. Post-IPO, shares often have a 6-month lock-in period before they can be sold on exchanges.
What Makes SEDL Attractive to Investors?
Clean, profitable balance sheet
Export-oriented model with international presence
Government contracts and PSU partnerships
Strong promoter backing
Pre-IPO buzz and anticipation of listing gains
These make SEDL a sought-after name in the unlisted space.
What Is GetUltra.club’s Role?
While GetUltra.club is not a brokerage or trading platform, we help investors stay informed with:
In-depth research on emerging investment opportunities
Educational content about unlisted shares and IPO markets
Analytical insights to evaluate deals confidently
We aim to empower investors with accurate and timely information to make smart financial decisions.
FAQs on SEDL Pre‑IPO and Unlisted Shares
1. What is the latest SEDL pre‑IPO price?
The price ranges between ₹295 to ₹675, depending on the broker, volume, and deal date. The most active range is ₹500–₹540 per share.
2. Can I buy SEDL shares directly through GetUltra.club?
No. GetUltra.club is not a trading or brokerage platform. We provide research, updates, and education to help investors make informed decisions.
3. What is the minimum investment in SEDL pre‑IPO?
It usually starts at around ₹35,000 to ₹50,000, depending on the platform and lot size (typically 100 shares).
4. Is there a lock-in after the IPO?
Yes. Typically, pre‑IPO shares come with a 6-month lock-in period post-listing.
5. What are the risks of investing in unlisted shares?
Unlisted shares are less liquid, harder to value, and more volatile. Returns are not guaranteed and depend heavily on successful IPO listing.