Seshaasai Technologies IPO Subscription Status
Seshaasai Technologies IPO closed on 25 September 2025 with an overall subscription of 69.64x based on shares applied. QIB demand came in at 189.49x, NII at 51.44x, and retail at 9.45x.
Allotment will be finalised on 26 September 2025. The stock is scheduled to list on NSE and BSE on 30 September 2025.
Issue Price
Rs 423.00
GMP Today
Rs 40.00 (+9.46%)
Overall Subscription
69.64x
Issue Size
₹813.07 Cr
Allotment Date
26 Sept 2025
Listing Date
30 Sept 2025
Seshaasai Technologies IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 423.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 162.11 Cr | Rs 30,717.76 Cr | 189.49x |
| FII | - | Rs 8,231.42 Cr | - |
| DFI | - | Rs 13,777.14 Cr | - |
| Mutual Funds | - | Rs 968.48 Cr | - |
| Other | - | Rs 7,740.72 Cr | - |
| NII | Rs 121.63 Cr | Rs 6,256.11 Cr | 51.44x |
| bNII (above Rs 10L) | Rs 81.09 Cr | Rs 4,411.40 Cr | 54.40x |
| Corporate | - | Rs 61.06 Cr | - |
| Individual | - | Rs 4,151.87 Cr | - |
| Other | - | Rs 198.47 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 40.54 Cr | Rs 1,844.71 Cr | 45.50x |
| Corporate | - | Rs 7.18 Cr | - |
| Individual | - | Rs 1,747.07 Cr | - |
| Other | - | Rs 90.45 Cr | - |
| Retail | Rs 283.80 Cr | Rs 2,682.09 Cr | 9.45x |
| Cut-off price | - | Rs 2,130.94 Cr | - |
| Fixed price | - | Rs 551.15 Cr | - |
| Employee | Rs 2.21 Cr | Rs 21.04 Cr | 9.52x |
| Cut-off price | - | Rs 15.91 Cr | - |
| Fixed price | - | Rs 5.13 Cr | - |
| Total | Rs 569.75 Cr | Rs 39,677.00 Cr | 69.64x |
Seshaasai Technologies IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 38,32,396 | 670 | 0.00x |
| FII | - | 34 | - |
| DFI | - | 59 | - |
| Mutual Funds | - | 15 | - |
| Other | - | 562 | - |
| NII | 5,868 | 1,30,529 | 22.24x |
| bNII (above Rs 10L) | 3,912 | 43,169 | 11.04x |
| Corporate | - | 494 | - |
| Individual | - | 40,716 | - |
| Other | - | 1,959 | - |
| sNII (Rs 2L to Rs 10L) | 1,956 | 87,360 | 44.66x |
| Corporate | - | 325 | - |
| Individual | - | 82,711 | - |
| Other | - | 4,324 | - |
| Retail | 1,91,694 | 16,35,864 | 8.53x |
| Cut-off price | - | 12,90,225 | - |
| Fixed price | - | 3,45,639 | - |
| Employee | 1,492 | 9,017 | 6.04x |
| Cut-off price | - | 7,906 | - |
| Fixed price | - | 1,111 | - |
| Total | 40,31,450 | 17,76,080 | 0.44x |
What Do These Subscription Numbers Mean?
A subscription of 69.64x by shares means the IPO received bids for 70 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 189.49x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 189.49x, it reflects serious institutional conviction.
NII at 22.24x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 11.04x and sNII at 44.66x by applications. Share subscription was 51.44x. Allotment uses application count, not share volume.
At 8.53x subscription by applications, approximately 1 in 9 retail applicants can expect an allotment (~12% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 9.45x. Allotment uses application count, not share volume.
At 6.04x subscription by applications, approximately 1 in 6 employee applicants can expect an allotment (~17% per application). Employee reservation uses the same lottery logic as retail when oversubscribed.
Seshaasai Technologies IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 8.53x.
- •Allotment odds: about 1 in 9 (~12% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 9.45x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 44.66x.
- •Allotment odds: about 1 in 45 for a minimum-lot application (~2% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 45.50x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 11.04x.
- •Allotment odds: about 1 in 11 for a minimum-lot application (~9% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 54.40x. Allotment uses application count, not share volume.
Check the Seshaasai Technologies IPO Allotment Status page from 26 September 2025 for your allotment result.
Seshaasai Technologies IPO GMP After Subscription
GMP for Seshaasai Technologies IPO stands at Rs 40.00 today, giving an estimated listing price of Rs 463.00 per share.
A subscription of 69.64x combined with a GMP of 9.46% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Seshaasai Technologies IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Seshaasai Technologies IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Sept 2025 | 0.01x | 1.91x | 1.20x | 1.02x |
| Day 2 - 24 Sept 2025 | 1.13x | 6.18x | 3.03x | 3.17x |
| Day 3 - 25 Sept 2025 | 189.49x | 51.43x | 9.46x | 69.64x |
Seshaasai Technologies IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 September 2025 |
| IPO Close Date | 25 September 2025 |
| Allotment Date | 26 September 2025 |
| Refund Initiation | 27 September 2025 |
| Share Credit to Demat | 27 September 2025 |
| Listing Date | 30 September 2025 |
| Minimum Investment | Rs 14,805.00 |
| Lot Size | 35 shares |
About Seshaasai Technologies IPO
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Seshaasai Technologies IPO GMP Today
Live GMP, listing price estimate, and listing gain
Seshaasai Technologies IPO Allotment Status
Check allotment result on allotment date
Seshaasai Technologies IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Seshaasai Technologies IPO Subscription FAQs
What is Seshaasai Technologies IPO IPO subscription status today?
Seshaasai Technologies IPO IPO subscription closed on 25 September 2025 with overall subscription of 69.64x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 189.49x, NII 22.24x, Retail 8.53x.
What is the overall subscription of Seshaasai Technologies IPO IPO?
Seshaasai Technologies IPO IPO is subscribed 69.64x overall by shares at close on 25 September 2025. QIB 189.49x, NII 22.24x, and Retail 8.53x.
What is Seshaasai Technologies IPO IPO QIB subscription?
Seshaasai Technologies IPO IPO QIB (Qualified Institutional Buyers) subscription is 189.49x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Seshaasai Technologies IPO IPO Retail subscription?
Seshaasai Technologies IPO IPO Retail subscription is 8.53x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Seshaasai Technologies IPO IPO NII subscription?
Seshaasai Technologies IPO IPO NII (Non-Institutional Investors) subscription is 22.24x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Seshaasai Technologies IPO IPO for retail?
At 8.53x subscription by applications, approximately 1 in 9 retail applicants can expect an allotment (~12% per application). Allotment is done by lottery. Share subscription was 9.45x. Allotment uses application count, not share volume.
When is Seshaasai Technologies IPO IPO allotment date?
Seshaasai Technologies IPO IPO allotment date is 26 September 2025. Check Seshaasai Technologies IPO Allotment Status on IPOwiz from that day using your PAN.
When does Seshaasai Technologies IPO IPO subscription close?
Seshaasai Technologies IPO IPO subscription closed on 25 September 2025. No new applications are accepted after the close.
What is Seshaasai Technologies IPO IPO GMP today?
Seshaasai Technologies IPO IPO GMP is ₹40 today (+9.46% over issue price ₹423). See live GMP on the Seshaasai Technologies IPO GMP Today page.
What is Seshaasai Technologies IPO IPO issue price and lot size?
Seshaasai Technologies IPO IPO issue price is ₹423 per share. Lot size is 35 shares. Minimum investment is ₹14,805 per lot. Issue size: ₹813.07 Cr.
When is Seshaasai Technologies IPO IPO listing date?
Seshaasai Technologies IPO IPO listing date is 30 September 2025 on NSE and BSE. Allotment is on 26 September 2025.
How does subscription affect Seshaasai Technologies IPO IPO allotment?
Allotment odds in Seshaasai Technologies IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 22.24x by applications means roughly 1 in 22 for minimum-lot bids; bNII at 11.04x (~1 in 11). At 69.64x overall, competition is very high.
For allotment results from 26 September 2025, visit the Seshaasai Technologies IPO Allotment Status page. For listing day updates on 30 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.