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Seshaasai Technologies IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Sep 23 to Sep 25 2025
Price Band ₹402 - 423
Current GMP ₹432.00 (+2.13%)
Subscription 69.64 times

IPO Details

IPO Date
September 23, 2025 to September 25, 2025
Listing Date
September 30, 2025
Face Value
₹10 per share
Issue Price Band
₹402 to ₹423 per share
Issue Price Final
₹423 per share
Lot Size
35 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
1,92,21,603 shares (aggregating up to ₹813.07 Cr)
Fresh Issue
1,13,47,588 shares (aggregating up to ₹480.00 Cr)
Offer for Sale
78,74,015 shares of ₹10 (aggregating up to ₹333.07 Cr)
Employee Discount
₹40.00
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
15,04,53,300 shares
Share Holding Post Issue
16,18,00,888 shares

IPO Subscription Details

Anchor Investors
1
QIB (Ex Anchor)
189.49
Non-Institutional Buyers
51.43
bNII (bids above ₹10L)
54.40
sNII (bids below ₹10L)
45.49
Retail Investors
9.46
Employees
9.50
Total **
69.64

Day Wise Sub

DayDay 1 Sep 23, 2025
QIB (Ex Anchor)0.01
NII1.91
NII (> ₹10L)1.44
NII (< ₹10L)2.87
Retail1.20
EMP2.39
Total1.02
DayDay 2 Sep 24, 2025
QIB (Ex Anchor)1.13
NII6.18
NII (> ₹10L)4.98
NII (< ₹10L)8.58
Retail3.03
EMP4.47
Total3.17
DayDay 3 Sep 25, 2025
QIB (Ex Anchor)189.49
NII51.43
NII (> ₹10L)54.40
NII (< ₹10L)45.49
Retail9.46
EMP9.50
Total69.64

Day Wise GMP

Date30-09-2025
Price423.00
GMP40(9.46%)
Estimate List Price463
Date29-09-2025
Price423.00
GMP40(9.46%)
Estimate List Price463
Date28-09-2025
Price423.00
GMP41(9.69%)
Estimate List Price464
Date27-09-2025
Price423.00
GMP46(10.87%)
Estimate List Price469
Date26-09-2025
Price423.00
GMP48(11.35%)
Estimate List Price471
Date25-09-2025
Price423.00
GMP56(13.24%)
Estimate List Price479
Date24-09-2025
Price423.00
GMP55(13.00%)
Estimate List Price478
Date23-09-2025
Price423.00
GMP75(17.73%)
Estimate List Price498
Date22-09-2025
Price423.00
GMP88(20.80%)
Estimate List Price511
Date21-09-2025
Price423.00
GMP111(26.24%)
Estimate List Price534
Date20-09-2025
Price423.00
GMP115(27.19%)
Estimate List Price538
Date19-09-2025
Price423.00
GMP107(25.30%)
Estimate List Price530
Date18-09-2025
Price423.00
GMP103(24.35%)
Estimate List Price526
Date17-09-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date16-09-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date15-09-2025
Price
GMP0(%)
Estimate List Price(%)

IPO Important Dates

IPO Open Date
Tue, Sep 23, 2025
IPO Close Date
Thu, Sep 25, 2025
Tentative Allotment
Fri, Sep 26, 2025
Initiation of Refunds
Mon, Sep 29, 2025
Credit of Shares to Demat
Mon, Sep 29, 2025
Tentative Listing Date
Tue, Sep 30, 2025
Cut-off time for UPI mandate confirmation
5 PM on Thu, Sep 25, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares35
Amount₹14,805
ApplicationRetail (Max)
Lots13
Shares455
Amount₹1,92,465
ApplicationS-HNI (Min)
Lots14
Shares490
Amount₹2,07,270
ApplicationS-HNI (Max)
Lots67
Shares2,345
Amount₹9,91,935
ApplicationB-HNI (Min)
Lots68
Shares2,380
Amount₹10,06,740

Financial Information

Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 20251,160.39
31 Mar 2024958.41
31 Mar 2023782.54
Period EndedTotal Income
31 Mar 20251,473.62
31 Mar 20241,569.67
31 Mar 20231,153.84
Period EndedProfit After Tax
31 Mar 2025222.32
31 Mar 2024169.28
31 Mar 2023108.10
Period EndedEBITDA
31 Mar 2025370.37
31 Mar 2024303.01
31 Mar 2023207.43
Period EndedNET Worth
31 Mar 2025669.67
31 Mar 2024465.58
31 Mar 2023321.64
Period EndedReserves and Surplus
31 Mar 2025490.52
31 Mar 2024286.43
31 Mar 2023201.29
Period EndedTotal Borrowing
31 Mar 2025378.68
31 Mar 2024350.24
31 Mar 2023311.99

Peers Comparison

Company NameSeshaasai Technologies Limited
EPS (Basic)18.55
EPS (Diluted)11.47
NAV (per share) (Rs)31.54
RoNW (%)36.36
Financial statementsConsolidated

IPO Reservation

Investor CategoryQIB Shares Offered
Shares Offered95,84,692 (49.86%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered57,52,296 (29.93%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered38,32,396 (19.94%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered28,75,408 (14.96%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered19,16,938 (9.97%)
Maximum Allottees3,912
Investor Category− sNII < ₹10L
Shares Offered9,58,469 (4.99%)
Maximum Allottees1,956
Investor CategoryRetail Shares Offered
Shares Offered67,09,285 (34.90%)
Maximum Allottees1,91,693
Investor CategoryEmployee Shares Offered
Shares Offered52,219 (0.27%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered1,92,21,604 (100.00%)
Maximum Allottees

Information about company

Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider, specializing in payment solutions, as well as communications and fulfilment services, primarily catering to the banking, financial services, and insurance (BFSI) industry. The company offers scalable, recurring solutions through proprietary platforms, enabling BFSI sector operations in India. Additionally, it provides IoT solutions to a diverse range of customers across various industries. The company offers a customized portfolio of services through 24 self-sustaining manufacturing units across seven locations in India, equipped with advanced machinery, raw materials, and skilled workforce to meet local requirements. The company’s units are certified by global payment schemes, NPCI, PCI, and IBA for payment card production, data security, and cheque manufacturing, ensuring compliance with IT, cyber, and physical security standards. Business Operation: Payment Solutions: The company offers payment instruments like debit, credit, prepaid, and transit cards, wearables, merchant QRs, cheques, and secured transaction stationery to banks, fintech, and other issuers in the public and private sectors. Communication and Fulfilment Solutions: The company offers omni-channel communication solutions via its Rubic platform, providing print and digital services for banks, insurance companies, AMCs, depositories, and financial institutions, including account statements, compliance communication, and customer requests in physical or digital formats. IoT Solutions: The company offers IoT-powered RFID and NFC solutions, including passive RFID tags, labels, and readers, to optimize supply chain management, product authenticity, and real-time data across industries like retail, manufacturing, and logistics. Technology Platforms: RUBIC: RUBIC is a data processing platform that personalizes outputs, integrates with systems, and supports secure communication and IoT solutions. eTaTrak: eTaTrak is an AI-powered logistics solution that tracks deliveries in real-time, ensuring accurate billing and enhanced service delivery. IOMS: IOMS is a web-based order and inventory management platform, streamlining ordering processes and reducing costs by consolidating transactions. As of June 30, 2025,the company had 862 permanent employees. Competitive Strengths: Established Leadership Position in the Large and Regulated Payment Solutions Industry with High Barriers to Entry Long Standing Relationships with a Large Customer Base Comprehensive Portfolio of Customizable and Scalable Solutions Proprietary Technology Stack Enabling Bespoke Solutions Pan-India Advanced Manufacturing Capabilities Track Record of Healthy Financial Performance Experienced Promoters and Senior Management Team backed by Committed Employee Base.

Objectives of IPO

The Company Seshaasai Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Funding capital expenditure for the expansion of existing manufacturing units 197.91 2 Repayment and / or prepayyment, in part or in full, of certain outstanding borrowings of the Compan 300.00 3 General corporate purposes

Disclaimer

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