Seshaasai Technologies IPO

Seshaasai Technologies IPO

Listed

MainboardOpens 23 September 2025Closes 25 September 2025

Seshaasai Technologies Limited, a tech-driven, multi-location solutions provider founded in 1993, specializes in offering a comprehensive suite of payments, communications, fulfilment, and IoT solutions. The company…

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Live GMPSubscriptionAllotment
Price band
₹402 - ₹423
Issue size
₹813.07 Cr
Lot size
35 shares
Type
Mainboard
GMP
₹40 (+9.5%)
Est. listing
₹463
Est. profit / app
₹1,400
Retail quota
—

Key ratios

As per RHP / filings
Face value
₹10
EPS
13.74
P/E ratio
30.79
RoNW
36.36%
ROE
33.19%
Debt / Equity
0.37
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Timeline

  1. IPO Opens

    23 Sept 2025

  2. IPO Closes

    25 Sept 2025

  3. Allotment

    26 Sept 2025

  4. Listing

    30 Sept 2025

IPO Timeline & Listing Details

EventDate
IPO Open Date23 September 2025
IPO Close Date25 September 2025
Allotment Date26 September 2025
Listing Date30 September 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,805
Retail (Max)Just less than ₹2,00,000
13₹1,92,465
SHNI (Min)Just above ₹2,00,000
14₹2,07,270
SHNI (Max)Below ₹10,00,000
67₹9,91,935
BHNIAbove ₹10,00,000
68₹10,06,740

IPO Objectives

  • 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.

Strengths

  • The company holds a leadership position as one of the top two payments card manufacturers and a leading producer of cheque leaves in India.
  • It has long-standing relationships with a large customer base, including major banks and fintechs, which ensures stable revenue streams.
  • The business offers a comprehensive portfolio of customizable solutions with its proprietary technology, providing a competitive edge.
  • The company has pan-India manufacturing capabilities with 24 units across 7 locations, ensuring efficient production and delivery.
  • It has a track record of healthy financial performance, with consistent growth in revenue and profit after tax, and strong return ratios.

Weaknesses

  • The company's revenue declined by 6% between FY24 and FY25, raising concerns about its top-line growth and market stability.
  • It has a high concentration in the BFSI (Banking, Financial Services, and Insurance) sector, making the company vulnerable to downturns in that industry.
  • The IPO includes a significant Offer for Sale (OFS) component of ₹333.07 crore, so a portion of the proceeds will not be directly invested in the company's growth.
  • The business has a high debt-to-equity ratio of 0.57, indicating a significant reliance on borrowings that may impact its financial flexibility.
  • It faces intense competition in the payments and fintech space, which can lead to pricing pressures and impact profit margins.
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Financial Performance

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)1,160.39958.41782.54
Revenue (₹ Cr.)1,473.621,569.671,153.84
PAT (₹ Cr.)222.32169.28108.1
Net Worth (₹ Cr.)669.67465.58321.64

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.01x1.13x189.49x
NII1.91x6.18x51.43x
S-HNI2.87x8.58x45.49x
B-HNI1.44x4.98x54.4x
RII1.2x3.03x9.46x
EMP2.39x4.47x9.5x
Total1.02x3.17x69.64x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB38,32,39672,61,88,15530,717.76
NII28,75,40814,78,91,1356,255.8
Small NII9,58,4694,36,02,8251,844.4
Big NII19,16,93810,42,88,3104,411.4
RII67,09,2856,34,85,1352,685.42
EMP52,2194,96,23020.99
Total1,34,69,30893,80,60,65539,679.97
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Company Details

  • Seshaasai Technologies Ltd.
  • 9, Lalwani Industrial Estate, 14, Katrak Road, Wadala (West), Mumbai, Maharashtra-400031
  • +91 22 6627 0927
  • companysecretary@seshaasai.com
  • http://www.seshaasai.com/

Registrar Details

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Seshaasai Technologies IPO Details

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Seshaasai Technologies IPO GMP

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Seshaasai Technologies IPO Subscription

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Seshaasai Technologies IPO Allotment

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Seshaasai Technologies IPO Review

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Seshaasai Technologies IPO FAQ

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Seshaasai Technologies IPO Timeline

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Seshaasai Technologies IPO News

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Sources

We match Seshaasai Technologies IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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