Seshaasai Technologies IPO
Open MainLineCurrent GMP
₹40 (+9.46%)
Price Band
₹ 402 – 423
Lot Size
35
Issue Size
₹813.07 Cr
Minimum Investment
₹14805 (35 Shares)
Listing Date
30 September 2025
Subscription
68.13x
About the Company
Seshaasai Technologies Limited
Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider specializing in payment solutions, communication & fulfilment services, and IoT-based offerings, with a primary focus on the banking, financial services, and insurance (BFSI) industry.
The company delivers scalable, recurring solutions through proprietary platforms that support the BFSI ecosystem in India, while also extending IoT-enabled solutions to clients across industries such as retail, manufacturing, and logistics.
With 24 self-sustaining manufacturing units across seven locations in India, the company is equipped with advanced infrastructure, raw material sourcing, and skilled manpower to serve diverse regional requirements. Its facilities hold certifications from global payment schemes, NPCI, PCI, and IBA for payment card production, cheque manufacturing, and data security—ensuring compliance with IT, cyber, and physical security standards.
Business Operations
1. Payment Solutions
- Debit, credit, prepaid, and transit cards
- Wearables and merchant QR solutions
- Cheques and secure transaction stationery
- Catering to banks, fintechs, and other issuers in both public and private sectors
2. Communication & Fulfilment Solutions
- Omni-channel communication via the RUBIC platform
- Print and digital fulfilment for banks, insurers, AMCs, depositories, and financial institutions
- Services include account statements, compliance communication, and customer service requests in both physical and digital formats
3. IoT Solutions
- RFID and NFC-based products including passive RFID tags, labels, and readers
- Solutions for supply chain optimization, product authentication, and real-time tracking
- Serving industries such as retail, manufacturing, and logistics
Technology Platforms
- RUBIC: A secure data processing and communication platform, enabling personalization, system integration, and IoT compatibility.
- eTaTrak: An AI-powered logistics platform for real-time delivery tracking, accurate billing, and improved service performance.
- IOMS: A web-based order and inventory management solution designed to streamline procurement, consolidate transactions, and lower costs.
Workforce
As of June 30, 2025, the company employed 862 permanent staff members across its operations.
Promoters
- Pragnyat Pravin Lalwani
- Gautam Sampatraj Jain
Promoters Holding
Holding Pre Issue
93.21%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects.
- Funding capital expenditure for the expansion of existing manufacturing units
- Repayment and / or prepayment, in part or in full, of certain outstanding loans of our Company
- General corporate purposes
Address / Contact Info
Seshaasai Technologies Ltd.
9, Lalwani Industrial Estate,
14, Katrak Road,
Wadala (West),
Mumbai, Maharashtra, 400031
Phone: +91 22 6627 0927
Email: companysecretary@seshaasai.com
Website: http://www.seshaasai.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 23 September 2025
IPO Close Date
Thursday, 25 September 2025
Basis of Allotment
Friday, 26 September 2025
Initiation of Refunds
Monday, 29 September 2025
Credit of Shares to Demat
Monday, 29 September 2025
Listing Date
Tuesday, 30 September 2025 — NSE & BSE
Important Dates
Open Date
23 September 2025
Close Date
25 September 2025
Basis Of Allotment
26 September 2025
Listing Date
30 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1160.39 | 958.61 | 782.54 | 568.85 |
| Revenue | 1473.62 | 1569.67 | 1153.84 | 676.3 |
| Profit After Tax | 222.32 | 169.64 | 108.79 | 38.01 |
| Net Worth | 669.67 | 465.58 | 321.64 | 242.14 |
| Reserve & Surplus | 490.52 | 286.43 | 201.29 | 179.73 |
| Total Borrowings | 378.68 | 350.24 | 311.99 | 231.93 |
EPS Pre
14.78%
EPS Post
13.74%
P/E Pre
28.63
P/E (Post Issue)
30.79x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 34.84 | 39 | 37.26 |
| ROCE % | 31.87 | 33.47 | 28.65 |
| Debt / Equity | 0.37 | 0.52 | 0.84 |
| RoNW % | 33.2 | 36.36 | 33.61 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 15.09 | 10.78 | 9.37 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 3829528 | 27.82 | 0 |
| Non-Institutional | 2964696 | 21.53 | 0 |
| BNII | 1976464 | 14.35 | 0 |
| SNII | 988232 | 7.18 | 0 |
| Retail Investors | 6917623 | 50.25 | 0 |
| Employees | 55248 | 0.4 | 0 |
| Total | 13767095 | 100 | 0 |
Subscription Status ( Thu, 25 Sep 25 01:57 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3829528 | 726188155 | 189.63x |
| Non-Institutional | 2964696 | 147898485 | 49.89x |
| BNII | 1976464 | 104288310 | 52.77x |
| SNII | 988232 | 43610175 | 44.13x |
| Retail Investors | 6917623 | 63406490 | 9.17x |
| Employees | 55248 | 497385 | 9x |
| Total | 13767095 | 937990515 | 68.13x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 35 | 14,805.00 |
| Retail (Max) | 13 | 455 | 192,465.00 |
| S-HNI (Min) | 14 | 490 | 207,270.00 |
| S-HNI (Max) | 67 | 2,345 | 991,935.00 |
| B-HNI (Min) | 68 | 2,380 | 1,006,740.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Seshaasai Technologies IPO is a Book-building IPO worth ₹813.07 crores. The price band is ₹402 to 423 per share. The IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Seshaasai Technologies IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025
Seshaasai Technologies IPO Price Band is ₹402 to 423.
Seshaasai Technologies IPO lot size is 35, and the minimum amount required for application is ₹14805.
The minimum investment for Seshaasai Technologies IPO is approximately ₹14805 based on the upper price band.
To apply for the Seshaasai Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 25, 2025. After submission, funds are blocked until the basis of allotment of Seshaasai Technologies IPO is finalised.
Seshaasai Technologies IPO issue size is ₹813.07 crores.
Seshaasai Technologies IPO allotment date is Sat, Jun 27, 2026.
The registrar for Seshaasai Technologies IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Seshaasai Technologies IPO through their official website or helpline.
The Seshaasai Technologies IPO GMP (Grey Market Premium) is ₹40 as of Tue, Sep 30, 2025. Based on the upper price band of ₹423 per share, the estimated Seshaasai Technologies IPO listing price is ₹463, indicating a potential listing gain of approximately 31% over the issue price.