Seshaasai Technologies IPO: Check IPO Date, Live Subscription and Key Details
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 primarily serves the banking, financial services, and insurance (BFSI) sector, with a strong focus on data security and compliance. It is ranked among the top two payments card manufacturers in India, with a 34.5% market share in FY 2024, and is also one of the largest producers of cheque leaves. The company's business verticals include Payment Solutions (debit, credit, prepaid cards), Communication & Fulfilment Solutions (omni-channel communications), and IoT Solutions (RFID-enabled tags and labels).
Price Range
₹402.0 - ₹423.0
Issue Size
₹813.07 Cr
Lot Size
35 shares
IPO Type
Mainboard
GMP
₹40(+9.46%)
Est. Listing Price
₹463
Estimate Profit
₹1,400
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
13.74
P/E Ratio
30.79
RoNW
36.36%
ROE
33.19%
Debt to Equity
0.37
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Timeline
IPO Opens
23 Sept
IPO Closes
25 Sept
Allotment
26 Sept
Listing
30 Sept
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 23 September 2025 | Subscription starts |
| IPO Close Date | 25 September 2025 | Subscription ends |
| Allotment Date | 26 September 2025 | Allotment |
| Listing Date | 30 September 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 1,160.39 | 958.41 | 782.54 |
| Revenue (₹ Cr.) | 1,473.62 | 1,569.67 | 1,153.84 |
| PAT (₹ Cr.) | 222.32 | 169.28 | 108.1 |
| Net Worth (₹ Cr.) | 669.67 | 465.58 | 321.64 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.01x | 1.13x | 189.49x |
| NII | 1.91x | 6.18x | 51.43x |
| S-HNI | 2.87x | 8.58x | 45.49x |
| B-HNI | 1.44x | 4.98x | 54.4x |
| RII | 1.2x | 3.03x | 9.46x |
| EMP | 2.39x | 4.47x | 9.5x |
| Total | 1.02x | 3.17x | 69.64x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 38,32,396 | 72,61,88,155 | 30,717.76 |
| NII | 28,75,408 | 14,78,91,135 | 6,255.8 |
| Small NII | 9,58,469 | 4,36,02,825 | 1,844.4 |
| Big NII | 19,16,938 | 10,42,88,310 | 4,411.4 |
| RII | 67,09,285 | 6,34,85,135 | 2,685.42 |
| EMP | 52,219 | 4,96,230 | 20.99 |
| Total | 1,34,69,308 | 93,80,60,655 | 39,679.97 |
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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
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- seshaasaitechnologies.ipo@in.mpms.mufg.com
- https://linkintime.co.in/Initial_Offer/public-issues.html
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