Seshaasai Technologies IPO Details
The Seshaasai Technologies IPO is a book build issue with a total issue size of ₹813.07 cr, comprising of fresh issue of 11347588 equity shares., and a offer for sale of 7874015 equity shares. Seshaasai Technologies IPO opened for subscription on Sep 23, 2025 and closed on Sep 25, 2025. Seshaasai Technologies IPO is set price band at ₹402 to ₹423 per share, with a lot size of 35 shares. Minimum investment for Retail investors was ₹14,805.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 26, 2025, and listed on both the NSE and BSE on Sep 30, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. IIFL Capital Services Limited, ICICI Securities Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the Seshaasai Technologies IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 402 – 423
- Lot Size
- 35
- Issue Size
- ₹813.07 Cr
- Minimum Investment
- ₹14805 (35 Shares)
- Listing Date
- 30 September 2025
Current GMP
₹40 (+9.46%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Seshaasai Technologies Limited
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.
Seshaasai Technologies IPO Promoters
- Pragnyat Pravin Lalwani
- Gautam Sampatraj Jain
Promoters Holding
Holding Pre Issue
93.21%
Holding Post Issue
0.00%
Seshaasai Technologies IPO Objective
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
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
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 with a total issue size of ₹813.07 crore. The Seshaasai Technologies IPO price band is ₹402 to 423 per share. The Seshaasai Technologies IPO subscription opens on Tue, Sep 23, 2025, and closes on Thu, Sep 25, 2025. The Seshaasai Technologies IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Seshaasai Technologies IPO.
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 per share.
Seshaasai Technologies IPO lot size is 35 shares, Retail investors need a minimum investment of ₹14805 based on the upper price band
The minimum investment for Seshaasai Technologies IPO is ₹14805, based on one lot of 35 shares at the upper price band of ₹423 per share.
Investors can apply for the Seshaasai Technologies IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 25, 2025. The application amount remains blocked until the Seshaasai Technologies IPO allotment is finalized.
Seshaasai Technologies IPO issue size is ₹813.07 crores.
Seshaasai Technologies IPO allotment date is Wed, Jul 1, 2026.
The registrar for Seshaasai Technologies IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Seshaasai Technologies IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.