Seshaasai Technologies was incorporated on September 17, 1993. The company is a technology-driven, multi-location solutions provider offering payment, communication, and fulfillment solutions primarily for the BFSI sector. Its proprietary platforms ensure data security and compliance, supporting the sector’s operations and deliverables at scale on a recurring basis
| Bidding Dates |
|---|
| 23 Sep 2025 - 25 Sep 2025 |
| Subscription |
|---|
| 68.13x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,070 | 1 | 13 | 35 | 19.2 M | ₹402 - ₹423 | 81.81 % | ₹7727.1 M - ₹8130.7 M | RHP DOC |
Seshaasai Technologies IPO SUBSCRIPTION STATUS
25 Sep '25Seshaasai Technologies IPO overall subscription rate was 68.13 times the total available shares
Seshaasai Technologies IPO retail subscription rate was 9.17 times in the retail segment
Seshaasai Technologies IPO non-institutional investor subscription rate was 49.89 times in the non-institutional investor category
Seshaasai Technologies IPO Qualified Institutional Bidder subscription rate was 189.63 times the available shares for Qualified Institutional Bidder
Seshaasai Technologies IPO Employees subscription rate was 9 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
25 Sep 2025 (Day 3) | 9.17x | 49.89x | 189.63x | 9x |
24 Sep 2025 (Day 2) | 2.92x | 5.99x | 1.13x | 4.22x |
23 Sep 2025 (Day 1) | 1.15x | 1.86x | 0.01x | 2.25x |
Seshaasai Technologies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 1,463.2 | 222.3 | 168.1 | 52.5 | 25.1% |
| FY24 | 1,558.3 | 169.3 | 199.6 | 104.7 | 19.3% |
| FY23 | 1,146.3 | 108.1 | 50.1 | -25.4 | 18.0% |
| Note: FY23 financials are on a standalone basis | |||||
Seshaasai Technologies IPO SUBSCRIPTION STATUS DETAILS
Seshaasai Technologies had 19.2 M shares on offer
Seshaasai Technologies IPO offer price was in the range ₹402 - ₹423
Seshaasai Technologies IPO minimum Investment was ₹14070
Seshaasai Technologies IPO issue size was ₹ 7727.1 M - ₹ 8130.7 M
Seshaasai Technologies had a minimum lot size of 35 Shares per application
Seshaasai Technologies NUMBER OF SHARES ON OFFER
Seshaasai Technologies IPO IMPORTANT DATES
| Issue Open Date | 23 Sep 2025 |
| Issue close Date | 25 Sep 2025 |
| Allotment Date | 26 Sep 2025 |
| Refund Date | 29 Sep 2025 |
| Demat Account Credit Date | 29 Sep 2025 |
| Listing Date | 30 Sep 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Seshaasai Technologies Allotment Status | Exchange/ Registrar |
Seshaasai Technologies IPO subscription opened on 23 Sep 2025, and closed on 25 Sep 2025
IPO allotment for Seshaasai Technologies was finalized on Friday, 26 Sep 2025
IPO listing for Seshaasai Technologies was on NSE and BSE on Tuesday, 30 Sep 2025
Seshaasai Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 423.0 |
| Listing Open Price | 432.0 |
| Listing Close Price | 411.4 |
| Listing Gain% | 2.1% |
| Current Gain% | -2.3% |
Seshaasai Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Seshaasai Technologies Ltd. | 413.2 | 6685.6 | 25.4 | 1.2 | 4.4 | 16.8 | 14.4 | 1455.7 | -1.2 | 239.8 | 7.9 | 16.3 | 20.6 |
| One97 Communications Ltd. | 1584.1 | 101561.9 | 156.2 | 1.4 | 11.3 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1630 | 75419.3 | 100.8 | 1 | 10.3 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Affle 3I Ltd. | 1594.5 | 22463.2 | 47 | 2.4 | 7.9 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 161.9 | 18685.6 | 146.8 | 0.7 | 6.6 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Amagi Media Labs Ltd. | 647.8 | 14013.4 | 4.1 | 3 | 1570.1 | 28.4 | 71.7 | 204.3 |
Seshaasai Technologies INFORMATION ON IPO ISSUE
About Seshaasai Technologies
Seshaasai Technologies was incorporated on September 17, 1993. The company is a technology-driven, multi-location solutions provider offering payment, communication, and fulfillment solutions primarily for the BFSI sector. Its proprietary platforms ensure data security and compliance, supporting the sector’s operations and deliverables at scale on a recurring basis
Object of the Issue
- Funding capital expenditure for the expansion of existing manufacturing units
- Repayment and / or prepayment, in part or in full, of certain outstanding borrowings of the company
- General corporate purposes
Seshaasai Technologies - PROMOTERS
| Name |
|---|
| Pragnyat Pravin Lalwani |
| Gautam Sampatraj Jain |
Seshaasai Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pragnyat Pravin Lalwani | Chairman and Managing Director |
| Gautam Sampatraj Jain | Whole Time Director |
| Jayeshkumar Chandrakant Shah | Non-Executive Director |
| Abbhijet Ghag | Independent Director |
| Sowmya Vencatesan | Independent Director |
| Mehul Suresh Shah | Independent Director |
Seshaasai Technologies Book Running Lead Manager
IIFL Capital Services Limited
seshaasai.ipo@iiflcap.com
ICICI Securities Limited
seshaasai.ipo@icicisecurities.com
SBI Capital Markets Limited
seshaasai.ipo@sbicaps.com
Seshaasai Technologies Registrar to the Offer
Link Intime India Private Limited
seshaasaibusiness.ipo@linkintime.co.in
Seshaasai Technologies Strengths
Advanced manufacturing capabilities
The company is among the few in India with approved units for producing plastic, metal, sustainable, biometric cards, wearables, and payment stickers. As of June 30, 2024, it operates 24 manufacturing units across seven locations in India
Comprehensive portfolio
The company provides a scalable and customizable portfolio of Payment, Communication, and Fulfillment Solutions, serving primarily the BFSI sector and customers from other industries
Long standing relationships
The company leverages technology to efficiently customize solutions, ensuring customer retention and attracting new clients. It served 367 customers in Q1FY25 and 476 customers in FY24, respectively
Seshaasai Technologies Risks
Dependent on limited industry verticals
The company's revenues rely on a few industry verticals, and a decline in demand from these sectors could negatively impact its revenues, business, operations, financial condition, and cash flows
Risk of breach in IT infrastructure
Failure or breaches in the company's IT infrastructure could negatively impact its business, operations, and financial condition
Import restriction risks
The company imports some raw materials and machinery, and any import restrictions or global price fluctuations could negatively impact its business, operations, cash flows, and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 333.1 crore, of 7,874,015 shares. It also consists of a fresh issue of Rs 480.0 crore.
The promoters of the company are Pragnyat Pravin Lalwani and Gautam Sampatraj Jain.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 402.0 - 423.0.
The IPO application opens on Sep 23, 2025 and closes on Sep 25, 2025.
The minimum lot size for the IPO is 35. The maximum lot size for the IPO is 455.
For all category investors, the minimum application amount for this IPO is Rs. 14,070.0, the maximum value for this IPO is Rs 192,465.0.
This IPO will be allotted on Sep 26, 2025.
The refund will be credited to your account on Sep 29, 2025.
The allotted shares will be credited to your demat on Sep 29, 2025.
Seshaasai Technologies Ltd.’s shares listed on the stock exchanges on Sep 30, 2025.