Seshaasai Technologies IPO is a book-built issue of ₹813.07 crores, comprising a fresh issue of ₹480 crores through 1.13 crore shares and an offer for sale of ₹333.07 crores through 0.79 crore shares. The IPO opens for subscription on September 23, 2025, and closes on September 25, 2025. The allotment is expected to be finalized on September 26, 2025, with refunds and credit to demat accounts on September 29, 2025. Seshaasai Technologies IPO is set to list on BSE and NSE on September 30, 2025.
The IPO price band is fixed at ₹402 to ₹423 per share, with a lot size of 35 shares for retail investors. The minimum investment for a retail application is ₹14,805 based on the upper price. S-HNI investors can apply for 14 lots (490 shares) totaling ₹2,07,270, while B-HNI investors can apply for 68 lots (2,380 shares) amounting to ₹10,06,740. The IPO follows a quota of 35% for retail investors, 50% for QIB, and 15% for HNI investors.
For the financial year 2025, Seshaasai Technologies reported revenue of ₹1,473.62 crores compared to ₹1,569.67 crores in 2024, with a profit of ₹222.32 crores against ₹169.28 crores in the previous year. Investors are advised to consider the IPO for long-term investment.
Overview of Contents
About Seshaasai Technologies IPO
Incorporated in 1993, Seshaasai Technologies Limited is a multi-location technology company offering specialized solutions in payment systems, communication, and fulfilment services, mainly for the banking, financial services, and insurance (BFSI) sector. The company provides scalable and recurring solutions through its own platforms, supporting operations of banks, fintechs, and insurance firms across India. It also delivers IoT-based solutions to various industries, helping improve supply chain efficiency, product authenticity, and real-time data management.
Seshaasai Technologies operates 24 self-sufficient units across seven locations in India, equipped with modern machinery, raw materials, and skilled employees to meet local demands. These units are certified by global payment schemes, NPCI, PCI, and IBA, ensuring high standards in payment card production, data security, and cheque manufacturing.
The company’s business includes three main areas: Payment Solutions, providing debit, credit, prepaid, and transit cards, wearables, merchant QR codes, cheques, and secure stationery; Communication and Fulfilment Solutions, offering omni-channel services like account statements, compliance communications, and customer requests through its Rubic platform; and IoT Solutions, offering RFID and NFC tools for logistics, manufacturing, and retail industries.
Seshaasai Technologies also leverages proprietary technology platforms: RUBIC, for data processing and secure communication; eTaTrak, an AI-driven logistics tracking system; and IOMS, a web-based order and inventory management tool that optimizes operations and reduces costs.
As of June 30, 2025, the company employed 862 permanent staff. Its competitive strengths include a strong leadership position in the regulated payment industry, long-term customer relationships, customizable and scalable solutions, pan-India manufacturing capabilities, robust financial performance, and an experienced management team supported by committed employees.
Seshaasai Technologies IPO Overview
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| IPO Price Band | ₹402 to ₹423 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 1,92,21,603 shares (up to ₹813.07 Cr) |
| Fresh Issue | 1,13,47,588 shares (up to ₹480.00 Cr) |
| Offer for Sale | 78,74,015 shares of ₹10 (up to ₹333.07 Cr) |
| Employee Discount | ₹40.00 per share |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Listing | BSE, NSE |
| Shareholding Pre-Issue | 15,04,53,300 shares |
| Shareholding Post-Issue | 16,18,00,888 shares |
Seshaasai Technologies IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Seshaasai Technologies IPO Dates
| Event | Details |
|---|---|
| IPO Open Date | Tuesday, September 23, 2025 |
| IPO Close Date | Thursday, September 25, 2025 |
| Basis of Allotment | Friday, September 26, 2025 |
| Refunds | Monday, September 29, 2025 |
| Credit to Demat Account | Monday, September 29, 2025 |
| IPO Listing Date | Tuesday, September 30, 2025 |
| IPO Bidding Cut-off Time | Thursday, September 25, 2025 – 5 PM |
Seshaasai Technologies IPO Lot Size
| Investor Type | Minimum Lots | Maximum Lots | Shares | Investment Amount |
|---|---|---|---|---|
| Retail | 1 | 13 | 35 – 455 | ₹14,805 – ₹1,92,465 |
| S-HNI | 14 | 67 | 490 – 2,345 | ₹2,07,270 – ₹9,91,935 |
| B-HNI | 68 | 68 | 2,380 | ₹10,06,740 |
Seshaasai Technologies IPO Financial Performance
| Financial Metric | FY 2025 (₹ Cr) | FY 2024 (₹ Cr) | FY 2023 (₹ Cr) |
|---|---|---|---|
| Total Income | 1,473.62 | 1,569.67 | 1,153.84 |
| Profit After Tax (PAT) | 222.32 | 169.28 | 108.10 |
| EBITDA | 370.37 | 303.01 | 207.43 |
| Net Worth | 669.67 | 465.58 | 321.64 |
| Reserves & Surplus | 490.52 | 286.43 | 201.29 |
| Total Assets | 1,160.39 | 958.41 | 782.54 |
| Total Borrowings | 378.68 | 350.24 | 311.99 |
Seshaasai Technologies IPO Promoter Holding
| Promoter Holding | Pre-IPO (%) | Post-IPO (%) |
|---|---|---|
| Promoters | 93.21 | 78.45 |
Seshaasai Technologies IPO GMP
- To Be Updated
Seshaasai Technologies IPO Valuation – FY2025
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 34.84% |
| Return on Capital Employed (ROCE) | 31.87% |
| EBITDA Margin | 25.13% |
| PAT Margin | 15.09% |
| Debt to Equity Ratio | 0.37 |
| Earnings Per Share (EPS) | ₹15.06 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 33.20% |
| Net Asset Value (NAV) | ₹45.37 |
IPO Lead Managers / Merchant Bankers:
- IIFL Capital Services Ltd
- ICICI Securities Ltd
- SBI Capital Markets Ltd
Company Address:
Seshaasai Technologies Ltd.
9, Lalwani Industrial Estate,
14, Katrak Road, Wadala (West),
Mumbai, Maharashtra, 400031
Phone: +91 22 6627 0927
Email: companysecretary@seshaasai.com
IPO Registrar
:MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: seshaasaibusiness.ipo@linkintime.co.in
Website: Linkintime (official website)
Seshaasai Technologies IPO FAQs
What is the issue size of the Seshaasai Technologies IPO?
The IPO is a book-built issue aggregating up to ₹813.07 crores, comprising a fresh issue of ₹480 crores and an offer for sale of ₹333.07 crores.
What is the IPO price band?
The price band is set at ₹402 to ₹423 per share.
What is the lot size for application?
The minimum lot size is 35 shares. Applications must be in multiples of 35 shares.
When will the IPO open and close?
The IPO opens on September 23, 2025, and closes on September 25, 2025.
When is the basis of allotment and listing date?
The basis of allotment is expected on September 26, 2025, and the tentative listing date is September 30, 2025.
What is the retail quota, QIB, and HNI allocation?
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (HNI): 15%
Where will the IPO be listed?
The IPO will list on the BSE and NSE.
Who are the promoters of Seshaasai Technologies?
The promoters are Pragnyat Pravin Lalwani and Gautam Sampatraj Jain.
How can investors apply for the IPO?
Investors can apply through their broker or online ASBA facility via banks participating in the IPO.
What are the key strengths of the company?
Seshaasai Technologies has a strong presence in payment solutions, communication and fulfilment services, and IoT solutions with proprietary technology platforms, pan-India manufacturing capabilities, and a skilled workforce.