Seshaasai Technologies Limited IPO Details
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Seshaasai Technologies IPO opens for subscription on 23 Sep 2025 and closes on 25 Sep 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 30 Sep 2025.
Seshaasai Technologies IPO price band has been fixed at ₹402 – ₹423 per share.The face value is ₹10 per share with a lot size of 35.
Seshaasai Technologies IPO total issue size comprises 1,92,21,604 shares (aggregating up to ₹813.07 Cr). This includes a fresh issue of 1,13,47,589 shares (aggregating up to ₹480.00 Cr). Offer for Sale consists of 78,74,015 shares (aggregating up to ₹333.07 Cr).
Seshaasai Technologies IPO carries a ₹52 (12.3%) GMP, reflecting investor sentiment.
Seshaasai Technologies IPO Lot Size : Retain Minimum is 1 lot (35 shares) amounting to ₹14,805. Retain Maximum is 13 lots (455 shares) amounting to ₹192,465. SHNI Minimum is 14 lots (490 shares) amounting to ₹207,270. SHNI Maximum is 67 lots (2,345 shares) amounting to ₹991,935. BHNI Minimum is 68 lots (2,380 shares) amounting to ₹1,006,740.
The Lead Managers for Seshaasai Technologies IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is IIFL Capital Services Limited, ICICI Securities Limited, SBI Capital Markets Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Seshaasai Technologies Limited RHP.
Seshaasai Technologies IPO Details
Seshaasai Technologies IPO Subscription
Seshaasai Technologies IPO Application Wise Breakup (Approx)
Seshaasai Technologies IPO Dates
- 23 Sep 2025Opening dateOPD
- 25 Sep 2025Closing dateCOD
- 26 Sep 2025Allotment Date BOA
- 29 Sep 2025Initiation of RefundsIOR
- 29 Sep 2025Credit of SharesCOS
- 30 Sep 2025Listing dateLID
Seshaasai Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 35 | ₹14,805 |
| Retain Maximum | 13 | 455 | ₹192,465 |
| SHNI Minimum | 14 | 490 | ₹207,270 |
| SHNI Maximum | 67 | 2345 | ₹991,935 |
| BHNI Minimum | 68 | 2380 | ₹1,006,740 |
Seshaasai Technologies IPO Reservation
Promoter Holding
Seshaasai Technologies IPO Valuations
Seshaasai Technologies Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,063.91 | 958.61 | 782.54 | 568.85 |
| Revenue | 362.14 | 1,569.67 | 1,153.84 | 676.3 |
| Profit After Tax | 40.76 | 169.64 | 108.79 | 38.01 |
| Net Worth | 506.34 | 465.58 | 321.64 | 242.14 |
| Reserves and Surplus | 327.19 | 286.43 | 201.29 | 179.73 |
| Total Borrowing | 389.9 | 350.24 | 311.99 | 231.93 |
| Amount in ₹ Crore | ||||
About Seshaasai Technologies IPO
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 is one of India's top two payment card manufacturers, holding a 34.5% market share in credit and debit card issuance for Fiscal 2024. It is also one of the largest cheque leaves manufacturers.
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 November 30, 2024,the company had 817 permanent employees.
Strength Of Seshaasai Technologies IPO
1. Established Leadership Position in the Large and Regulated Payment Solutions, and Communication and Fulfilment Solutions Industry with High Barriers to Entry.
2. Comprehensive Portfolio of Customizable and Scalable Solutions.
3. Proprietary Technology Stack Enabling Bespoke Solutions.
4. Pan-India Advanced Manufacturing Capabilities.
5. Track Record of Healthy Financial Performance.
6. Experienced Promoters and Senior Management Team backed by Committed Employee Base.
Risk Of Seshaasai Technologies IPO
1. In the three months ended June 30, 2024, and Fiscals 2024, 2023 and 2022, the company serviced 367, 476, 355 and 400 customers, respectively. The company generates a significant portion of its revenues from a limited number of customers, and any loss or reduction of business from these customers could reduce its revenues and adversely affect the company business, results of operations, financial condition, and cash flows.
2. Its revenues are dependent on a limited number of industry verticals, and any decrease in demand for the company services in these industry verticals could reduce its revenues and adversely affect the company business, results of operations, financial condition, and cash flows.
3. Its contracts with customers subject it to extensive compliance requirements. Failures to comply with the terms of these contracts may lead to breach of the termination of the contracts and action against it for breach, which may adversely affect the company business, results of operations and financial condition.
4. The company is exposed to the risks of providing solutions and services to the government projects /institutions and public sector enterprises.
5. Failures of its information technology infrastructure or any breach of the company information technology systems may adversely affect its business, results of operations and financial condition.
6. Its business is dependent and will continue to depends on the company manufacturing units, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.
7. The company relies on the timely supply of different raw materials for manufacturing, personalizing and printing its products. The company business could be adversely affected if its suppliers fails to meet their delivery obligations or raise their prices.
8. Its business may be adversely affected by costs relating to errors or product defects, and the company could be faced with product liability and warranty claims.
9. Certain forms filed by it with the RoC and certain corporate records and other documents, are not traceable and have discrepacies. While the company has conducted a search with the RoC, in respect of the unavailability of such forms and other records, its cannot assure you that such forms or records will be available at all or any time in the future.
10. The emergence of new and advanced technologies could render its existing solutions obsolete or irrelevant which could adversely impact the company results of operations, financial condition and cash flows.
Objectives Seshaasai Technologies IPO
- 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.
Company Contact Details
Seshaasai Technologies Limited
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/
Registrar Contact Details
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