Bookbuilding IPO | ₹813 Cr | Listed at BSE, NSE | Tue, Sep 23, 2025 - Thu, Sep 25, 2025
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 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 Open
Tue, Sep 23, 2025
IPO Close
Thu, Sep 25, 2025
Issue Price
₹423 per share
Market Cap (Pre-IPO)
₹6,844.18 Cr
| IPO Date | 23 to 25 Sep, 2025 |
| Listed on | Tue, Sep 30, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹402 to ₹423 |
| Issue Price | ₹423 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹40.00 |
| Total Issue Size | 1,92,26,541 shares (agg. up to ₹813 Cr) |
| Fresh Issue | 1,13,52,526 shares (agg. up to ₹480 Cr) |
| Offer for Sale | 78,74,015 shares of ₹10 (agg. up to ₹333 Cr) |
| Share Holding Pre Issue | 15,04,53,300 shares |
| Share Holding Post Issue | 16,18,05,826 shares |
| BSE Script Code / NSE Symbol | 544533 / STYL |
| ISIN | INE04VU01023 |
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 | Max 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%) |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| 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 |
Seshaasai Technologies IPO raises ₹243.32 crore from anchor investors. Seshaasai Technologies IPO Anchor bid date is September 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 22, 2025 |
| Shares Offered | 57,52,296 |
| Anchor Portion (₹ Cr.) | 243.32 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 24, 2025 |
| 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 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 14.78 | 13.74 |
| P/E (x) | 28.63 | 30.79 |
| Promoter Holding | 93.21% | 81.8% |
| Market Cap | ₹6,844.18 Cr. |
The Seshaasai Technologies IPO is subscribed 69.64 times on September 25, 2025 5:03:05 PM (Day 3). The public issue subscribed 9.46 times in the retail category, 189.49 times in the QIB category, and 51.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 189.49 | 38,32,396 | 72,61,88,155 |
| NII | 51.43 | 28,75,408 | 14,78,91,135 |
| bNII (bids above ₹10L) | 54.40 | 19,16,938 | 10,42,88,310 |
| sNII (bids below ₹10L) | 45.49 | 9,58,469 | 4,36,02,825 |
| Retail | 9.46 | 67,09,285 | 6,34,85,135 |
| Employee | 9.50 | 52,219 | 4,96,230 |
| Total | 69.64 | 1,34,69,308 | 93,80,60,655 |
Total Application : 17,53,049
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission | 26.38 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by RIBs using UPI. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.28 |
| 3 | Fees payable to the Registrar to the Offer | 0.29 |
| 4 | Listing fees, SEBI and Stock Exchanges filing fees, book building softwarefees and other regulatory expenses | 5.38 |
| 5 | Printing and stationery expenses | 1.63 |
| 6 | Advertising and marketing expenses | 3.91 |
| 7 | Fees payable to legal counsels | 6.54 |
| 8 | Fees payable to the the Statutory Auditor, Independent Chartered Accountant,PCS, Independent Chartered Engineer | 0.56 |
| 9 | Fees payable to the industry service provider | 0.48 |
| 10 | Miscellaneous | 4.91 |
| 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 IPO is a main-board IPO of 1,92,26,541 equity shares of the face value of ₹10 aggregating up to ₹813 Crores. The issue is priced at ₹423 per share. The minimum order quantity is 35.
The IPO opens on Tue, Sep 23, 2025, and closes on Thu, Sep 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 Tue, Sep 23, 2025 and closes on Thu, Sep 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 Mon, Sep 29, 2025. Check the Seshaasai Technologies IPO allotment status.
The Seshaasai Technologies IPO listing date is on Tue, Sep 30, 2025.
