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Seshaasai Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 14,070 / 35 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    30 Sep 2025

  • Listing Price

    ₹436.00

  • Listing Change

    3.07%

  • Last Traded Price

    ₹310.90

Seshaasai Technologies IPO Details

  • Open Date

    23 Sep 2025

  • Close Date

    25 Sep 2025

  • Listing Date

    30 Sep 2025

  • IPO Price Range

    ₹ 402 to ₹423

  • IPO Size

    ₹ 813.07 Cr

  • Listing Exchange

    BSE, NSE

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Seshaasai Technologies IPO Timeline

Seshaasai Technologies IPO Subscription Status

Last Updated: 29 September 2025 3:04 PM by 5paisa

Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven solutions provider primarily catering to the BFSI sector. The company offers scalable and recurring services across payment solutions, communication fulfilment, and IoT platforms.

Payment Solutions: Debit, credit, prepaid, and transit cards, wearables, merchant QR, cheques, and secure stationery.

Communication & Fulfilment Solutions: Omni-channel communications through the proprietary RUBIC platform for banks, insurance companies, and financial institutions.

IoT Solutions: RFID and NFC-powered products for supply chain optimisation, product authenticity, and real-time tracking.

The company operates 24 manufacturing units across 7 locations in India, equipped with advanced certifications from NPCI, PCI, and IBA, ensuring compliance with global security standards.

Established: 1993

MD: Pragnyat Pravin Lalwani

Seshaasai Technologies Objectives

Funding capital expenditure for expansion of existing manufacturing units: ₹197.91 Cr
Repayment/prepayment of certain borrowings: ₹300.00 Cr
General corporate purposes
 

Seshaasai Technologies IPO Size

Types Size
Total IPO Size ₹813.07 Cr
Offer For Sale ₹333.07 Cr (0.79 Cr shares)
Fresh Issue ₹480.00 Cr (1.13 Cr shares)

Seshaasai Technologies IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 35 14,070
Retail (Max) 13 455 1,82,910
S-HNI (Min) 14 490 1,96,980
S-HNI (MAX) 67 2,345 9,42,690
B-HNI (Min) 68 2,380 9,56,760

Seshaasai Technologies IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 189.49 38,32,396 72,61,88,155 30,717.76
NII (HNI) 51.43 28,75,408 14,78,91,135 6,255.80
bNII (bids above ₹10L) 54.40 19,16,938 10,42,88,310 4,411.40
 sNII (bids below ₹10L) 45.49 9,58,469 4,36,02,825 1,844.40
Retail Investors 9.46 67,09,285 6,34,85,135 2,685.42
Employees 9.50 52,219 4,96,230 20.99
Total** 69.64 1,34,69,308 93,80,60,655 39,679.97

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 1153.84 1569.67 1473.62
EBITDA 207.43 303.01 370.37
PAT 108.10 169.28 222.32
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 782.54 958.41 1160.39
Share Capital 88.82 147.62 147.62
Total Borrowings 311.99 350.24 378.68
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 50.07 199.59 168.12
Net Cash Generated From / (used in) investing activities -71.31 -111.14 -113.22
Net Cash Generated From / (used in) financing activities 38.70 -31.85 -34.03
Net Increase (Decrease) In Cash And Cash Equivalents 17.46 56.61 20.87


Strengths

1. Established leadership position in the BFSI payment solutions sector.
2. Proprietary technology platforms (RUBIC, eTaTrak, IOMS) enabling scalable solutions.
3. Pan-India presence with 24 manufacturing units across 7 locations.
4. Strong financial track record with consistent revenue and PAT growth.
 

Weaknesses

1. High dependence on the BFSI sector for revenue.
2. Limited diversification outside core technology and payment solutions.
3. Operational costs associated with multiple manufacturing units.
4. Relatively smaller presence in non-BFSI IoT markets.
 

Opportunities

1. Increasing demand for digital payment and financial technology solutions in India.
2. Expansion potential into other sectors beyond BFSI, including retail and logistics.
3. Adoption of IoT and AI solutions by industries for supply chain and automation.
4. Strategic growth through enhanced technology and platform innovation.
 

Threats

1. Intense competition from established technology and payment solution providers.
2. Regulatory changes in banking, financial, and payment systems.
3. Economic slowdown may reduce corporate investments in BFSI and IoT.
4. Volatility in raw material costs and technology adoption cycles.
 

1. Established leadership in BFSI payment solutions with strong technology platforms.
2. Pan-India presence with 24 manufacturing units and a skilled workforce.
3. Scalable, recurring revenue model through proprietary platforms.
4. Growth potential in the BFSI and IoT solutions sectors with rising digital adoption.
 

The BFSI and payment solutions industry in India is experiencing robust growth, driven by increasing digital adoption, expanding financial inclusion, and government initiatives supporting cashless transactions. Rising demand for secure, scalable, and technology-driven solutions positions companies like Seshaasai Technologies favourably. The IoT and communication solutions segment also presents growth opportunities across retail, logistics, and manufacturing sectors. With ongoing urbanisation, digitisation of banking, and adoption of advanced payment instruments, the market outlook remains strong, offering potential for sustainable revenue growth and expansion for well-positioned players with proprietary technology and nationwide operations.

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FAQs

 The Seshaasai Technologies IPO opens on 23 September 2025 and closes on 25 September 2025.
 

 The Seshaasai Technologies IPO size is ₹813.07 Cr.
 

The price band of Seshaasai Technologies IPO is ₹402–₹423 per share.
 

To apply for Seshaasai Technologies IPO, follow the steps given below: 
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Seshaasai Technologies IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The lot size of Seshaasai Technologies IPO is 35 shares, requiring a minimum investment of ₹14,070.
 

Seshaasai Technologies IPO’s Allotment of shares are likely to be on 30 September 2025.

Seshaasai Technologies IPO are likely to list on 30 September 2025.
 

IIFL Capital Services Ltd. is the lead manager, and MUFG Intime India Pvt. Ltd. is the registrar of Seshaasai Technologies IPO.
 

Seshaasai Technologies plans to utilise the raised capital from the IPO for:

  • Funding capital expenditure for expansion of existing manufacturing units: ₹197.91 Cr
  • Repayment/prepayment of certain borrowings: ₹300.00 Cr
  • General corporate purposes