Seshaasai Technologies Limited IPO
Seshaasai Technologies Limited IPO
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Following its successful public offering, Seshaasai Technologies Limited's made its market debut on 30-09-2025 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 1,92,21,603 Shares in total capital, including 1,13,47,517 Shares in primary equity infusion and ₹333.07 Cr in secondary share sales.
The offering was structured with a price band of ₹402 to ₹423 and minimum investment lots of 35 shares. Investor participation during the subscription window from 23-09-2025 to 25-09-2025 demonstrated market confidence in the company's prospects.
The allotment process concluded on 26-09-2025, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Seshaasai Technologies IPO About Company
Seshaasai Technologies Limited, founded in 1993, is a multi-location technology solutions provider specializing in payment solutions, communication, and fulfilment services, primarily for the BFSI sector. The company is among India’s top two payment card manufacturers with a 34.5% market share in FY 2024 and is also a leading producer of cheque leaves. With 24 manufacturing units across seven locations, it delivers debit, credit, prepaid and transit cards, wearables, merchant QRs, cheques, and secure stationery, alongside omni-channel communication services through its Rubic platform. It also provides IoT solutions like RFID and NFC tags for supply chain, authenticity, and real-time tracking, supported by proprietary platforms such as Rubic, eTaTrak, and IOMS. Certified by global payment schemes, NPCI, PCI, and IBA, the company ensures compliance with stringent security standards and, as of November 2024, employed 817 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Seshaasai Technologies IPO Strength Factors
- Industry Leadership – Established position in the regulated, high-entry-barrier payment solutions sector.
- Strong Customer Relationships – Long-standing partnerships with a wide customer base across the BFSI segment.
- Comprehensive Solutions Portfolio – End-to-end, customizable, and scalable offerings catering to diverse client needs.
Seshaasai Technologies IPO Risk Factors
- Client Concentration Risk – Heavy reliance on a few key customers makes revenues and profitability vulnerable to loss or reduced business from them.
- Sector Dependence – Revenue concentration in limited industry verticals exposes the company to demand slowdowns in these sectors.
- Compliance & Contractual Obligations – Stringent customer contract requirements carry risks of penalties, termination, and reputational damage if not met.
Seshaasai Technologies IPO Lead Manager(s)
- IIFL Capital Services Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
Seshaasai Technologies IPO Promoter(s)
- Pragnyat Pravin Lalwani
- Gautam Sampatraj Jain
Seshaasai Technologies IPO FAQs
Seshaasai Technologies Limited IPO subscribed 64.79 times. The public issue subscribed 8.33 times in the retail category,175.52times in QIB, and 53.41 times in the HNI (10+) category byNovember 21, 2025 9:37:58 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Seshaasai Technologies IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Seshaasai Technologies IPO FAQs
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