Seshaasai Technologies IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Tue, 23 Sep 2025
Close Date
Thu, 25 Sep 2025
Price Band
₹ 402 – 423
Lot Size
35
Issue Size
₹ 813.07 Cr
Minimum Investment
₹ 14,805 (35 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Seshaasai Technologies IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹813.07 Crore, comprising a fresh issue of 1.13 Crore equity shares aggregating to ₹480.00 Crore and an offer for sale (OFS) of 78.74 Lakh equity shares aggregating to ₹333.07 Crore by the existing shareholders.
The Seshaasai Technologies IPO remained open for subscription from September 23, 2025, to September 25, 2025. The basis of allotment was finalized on September 26, 2025, and the company's shares were listed on the NSE and BSE on September 30, 2025.
The company had fixed the price band at ₹402 to ₹423 per share, with a lot size of 35 shares. Retail investors were required to make a minimum investment of ₹14,805 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. IIFL Capital Services Limited, ICICI Securities Limited, and SBI Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Seshaasai Technologies Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Seshaasai Technologies IPO Timeline (Tentative)
- IPO Open Date
- Tue, 23 Sep 25
- IPO Close Date
- Thu, 25 Sep 25
- Basis of Allotment
- Fri, 26 Sep 25
- Initiation of Refunds
- Mon, 29 Sep 25
- Credit of Shares to Demat
- Mon, 29 Sep 25
- Listing Date
- Tue, 30 Sep 25 — NSE & BSE
Open Date
23 September 2025
Close Date
25 September 2025
Basis Of Allotment
26 September 2025
Listing Date
30 September 2025
IPO Subscription
Check Live Subscription →The Seshaasai Technologies IPO has received bids for 93,79,90,515 shares against 1,37,67,095 shares offered, resulting in an overall subscription of 68.13x. the NII category is subscribed 49.89x, Retail Investors 9.17x, Employees 9x, and QIBs 189.63x. Within the NII category, BNII is subscribed 52.77x, while SNII is subscribed 44.13x.
QIB
189.63x
NII
49.89x
BNII
52.77x
SNII
44.13x
RII
9.17x
EMP
9x
Total
68.13x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 69,17,623 shares, representing 50.25% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 38,29,528 shares (27.82%), while Non-Institutional Investors (NIIs) receive 29,64,696 shares (21.53%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 3,829,528 | 27.82% |
| Non-Institutional | 2,964,696 | 21.53% |
| BNII | 1,976,464 | 14.35% |
| SNII | 988,232 | 7.18% |
| Retail Investors | 6,917,623 | 50.25% |
| Employees | 55,248 | 0.4% |
| Total | 13,767,095 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Seshaasai Technologies Limited KPI Information
| 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 |
| Pat Margin % | 15.09 | 10.78 | 9.37 |
Peers Comparison
No Peer Comparision Available
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
Seshaasai Technologies Limited Address / Contact Details
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
Seshaasai Technologies IPO Lot Size
The Seshaasai Technologies IPO has a lot size of 35 shares. Retail investors require a minimum investment of ₹14,805 by applying for 1 lot (35 shares). The maximum application allowed for the retail category is 13 lots (455 shares), requiring an investment of ₹1,92,465.
| 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 |
Issue Reservation
- QIB — 27.82%
- NII — 21.53%
- RII — 50.25%
- EMP — 0.4%
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Seshaasai Technologies 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.
When will the Seshaasai Technologies IPO open for subscription?
The Seshaasai Technologies IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025
What is Seshaasai Technologies IPO Price Band?
Seshaasai Technologies IPO Price Band is ₹402 to 423 per share.
What is Seshaasai Technologies IPO Lot Size?
Seshaasai Technologies IPO lot size is 35 shares, Retail investors need a minimum investment of ₹14805 based on the upper price band
What is the minimum investment for Seshaasai Technologies IPO?
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.
How to apply for Seshaasai Technologies IPO?
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.
What is Seshaasai Technologies IPO Issue Size?
Seshaasai Technologies IPO issue size is ₹813.07 crores.
What is the Seshaasai Technologies IPO Allotment Date?
Seshaasai Technologies IPO allotment date is Fri, Sep 26, 2025.
Who is the Seshaasai Technologies IPO Registrar?
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.
What is the Seshaasai Technologies IPO GMP?
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 9.46% over the issue price.
Who is the Seshaasai Technologies IPO Lead Manager?
The book-running lead managers (BRLMs) for the Seshaasai Technologies IPO are IIFL Capital Services Limited, ICICI Securities Limited, and SBI Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Seshaasai Technologies IPO Red Herring Prospectus (RHP).