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Seshaasai Technologies IPO is a book build issue of ₹813.28 crores. The issue is a combination of fresh issue of 1.14 crore shares aggregating to ₹480.21 crores and offer for sale of 0.79 crore shares aggregating to ₹333.07 crores.
Seshaasai Technologies IPO bidding started from Sep 23, 2025 and ended on Sep 25, 2025. The allotment for Seshaasai Technologies IPO was finalized on Sep 26, 2025. The shares got listed on BSE, NSE on Sep 30, 2025.
Seshaasai Technologies IPO price band is set at ₹423.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,805 (35 shares) (based on upper price). The lot size investment for sNII is 14 lots (490 shares), amounting to ₹2,07,270, and for bNII, it is 68 lots (2,380 shares), amounting to ₹10,06,740.
The issue includes a reservation of up to 52,219 shares for employees offered at a discount of ₹40.00 to the issue price.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Seshaasai Technologies IPO RHP for detailed Information.
| 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 | 1,92,26,541 shares (aggregating up to ₹813.28 Cr) |
| Fresh Issue | 1,13,52,526 shares (aggregating up to ₹480.21 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 | 16,18,05,826 shares |
Seshaasai Technologies IPO offers total 1,92,26,541 shares. Out of which 95,87,160 (49.86%) allocated to QIB, 38,34,864 (19.95%) allocated to QIB (Ex- Anchor), 28,76,149 (14.96%) allocated to NII 67,11,013 (34.90%) allocated to RII and 57,52,296 (29.92%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 95,87,160 (49.86%) | NA |
| − Anchor Investor Shares Offered | 57,52,296 (29.92%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 38,34,864 (19.95%) | NA |
| NII (HNI) Shares Offered | 28,76,149 (14.96%) | NA |
| − bNII > ₹10L | 19,17,433 (9.97%) | 3,913 |
| − sNII < ₹10L | 9,58,716 (4.99%) | 1,956 |
| Retail Shares Offered | 67,11,013 (34.90%) | 1,91,743 |
| Employee Shares Offered | 52,219 (0.27%) | NA |
| Total Shares Offered | 1,92,26,541 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Seshaasai Technologies IPO raises ₹243.32 crore from anchor investors. Seshaasai Technologies IPO Anchor bid date is September 22, 2025. Seshaasai Technologies IPO Anchor Investors list
| Bid Date | September 22, 2025 |
| Shares Offered | 57,52,296 |
| Anchor Portion Size (In Cr.) | 243.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 24, 2025 |
Seshaasai Technologies IPO opens on September 23, 2025, and closes on September 25, 2025.
| 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 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,805 |
| Retail (Max) | 13 | 455 | ₹1,92,465 |
| S-HNI (Min) | 14 | 490 | ₹2,07,270 |
| S-HNI (Max) | 67 | 2,345 | ₹9,91,935 |
| B-HNI (Min) | 68 | 2,380 | ₹10,06,740 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
Technology Platforms:
As of June 30, 2025,the company had 862 permanent employees.
Competitive Strengths:
Seshaasai Technologies Ltd.'s revenue decreased by 6% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,160.39 | 958.41 | 782.54 |
| Total Income | 1,473.62 | 1,569.67 | 1,153.84 |
| Profit After Tax | 222.32 | 169.28 | 108.10 |
| EBITDA | 370.37 | 303.01 | 207.43 |
| NET Worth | 669.67 | 465.58 | 321.64 |
| Reserves and Surplus | 490.52 | 286.43 | 201.29 |
| Total Borrowing | 378.68 | 350.24 | 311.99 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 34.84% |
| ROCE | 31.87% |
| Debt/Equity | 0.37 |
| RoNW | 33.20% |
| PAT Margin | 15.09% |
| EBITDA Margin | 25.13% |
| Price to Book Value | 13.41 |
| Market Capitalization | 6844.18 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 14.78 | 13.74 |
| P/E (x) | 28.63 | 30.79 |
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 | 67.03 |
[Dilip Davda] STL is most preferred partner for multi-location solutions for BFSI industry. It has many first to its credit on new technology and fulfillment solutions. The company marked constant growth in its bottom lines for the reported periods. It marked a bit fall in its top line for FY25 on account of card business marking lower activities. Investors may park funds for medium to long term. Read detail review...
| Listing Date | September 30, 2025 |
| BSE Script Code | 544533 |
| NSE Symbol | STYL |
| ISIN | INE04VU01023 |
| Final Issue Price | ₹423 per share |
| NSE Listing Group | EQ (Rolling) |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹423.00 | ₹423.00 |
| Open | ₹436.00 | ₹432.00 |
| Low | ₹405.80 | ₹406.00 |
| High | ₹436.95 | ₹437.45 |
| Last Trade | ₹411.50 | ₹411.45 |
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/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: seshaasaitechnologies.ipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Seshaasai Technologies IPO is a main-board IPO of 1,92,26,541 equity shares of the face value of ₹10 aggregating up to ₹813.28 Crores. The issue is priced at ₹423 per share. The minimum order quantity is 35.
The IPO opens on September 23, 2025, and closes on September 25, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Seshaasai Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Seshaasai Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Seshaasai Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Seshaasai Technologies IPO opens on September 23, 2025 and closes on September 25, 2025.
Seshaasai Technologies IPO lot size is 35, and the minimum amount required for application is ₹14,805.
You can apply in Seshaasai Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Seshaasai Technologies IPO will be done on Friday, September 26, 2025, and the allotted shares will be credited to your demat account by Monday, September 29, 2025. Check the Seshaasai Technologies IPO allotment status.
The Seshaasai Technologies IPO listing date is on Tuesday, September 30, 2025.
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