Incorporated in 1993, Seshaasai Technologies provides regulated payment instruments, omnichannel customer communications, and IoT‑enabled tagging and tracking solutions, primarily for BFSI clients. Operations span 24 self‑sustaining units across seven Indian locations, with certifications from NPCI, PCI, and IBA, and proprietary platforms including Rubic, eTaTrak, and IOMS.
IPO Window
Sep 23 – Sep 25, 2025
Listing Date
Sep 30, 2025
Lot Size
35 shares ₹14,805 (Retail)
Issue Size
₹813.07 crore (Fresh + OFS)
Seshaasai Technologies is raising ₹813.07 crore via a fresh issue of about ₹480 crore and an OFS of about ₹333.07 crore, totaling 1,92,21,603 equity shares. The offer opened on September 23, 2025 and closes on September 25, 2025, with allotment expected on September 26 and listing proposed on BSE and NSE on September 30, 2025. The price band is ₹402 to ₹423 per share; the minimum retail application is 1 lot of 35 shares for ₹14,805, and eligible employees receive a ₹40 per‑share discount.
| Face Value | ₹10 per share |
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| Issue Price Band | ₹402 to ₹423 per share |
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| Offer Structure | Fresh + Offer for Sale + Employee Reservation |
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| Total Shares | 1,92,21,603 shares (aggregating up to ₹813.07 crore) |
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| Fresh Issue | 1,13,47,588 shares (aggregating up to ₹480.00 crore) |
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| Offer for Sale | 78,74,015 shares (aggregating up to ₹333.07 crore) |
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| Employee Discount | ₹40 per share (52,219 shares reserved) |
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| Issue Type | Book‑building IPO |
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| Listing | BSE, NSE |
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| Shareholding (Pre / Post) | 15,04,53,300 / 16,18,00,888 shares |
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| Lead Manager | IIFL Capital Services Ltd. |
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| Registrar | MUFG Intime India Pvt. Ltd. |
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| Investor Category | Shares Offered |
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| QIB | 95,84,692 (49.86%) |
| NII (HNI) | 28,75,408 (14.96%) |
| Retail (RII) | 67,09,285 (34.90%) |
| Employee | 52,219 (0.27%) |
| Total | 1,92,21,604 (100.00%) |
| Bid Date | Shares Offered | Anchor Portion | Lock‑in (50%) | Lock‑in (Balance) |
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| Sep 22, 2025 | 57,52,296 | ₹243.32 crore | Oct 26, 2025 | Dec 25, 2025 |
| IPO Open | Tue, Sep 23, 2025 |
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| IPO Close | Thu, Sep 25, 2025 |
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| Allotment (Tentative) | Fri, Sep 26, 2025 |
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| Refunds Initiation | Mon, Sep 29, 2025 |
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| Credit to Demat | Mon, Sep 29, 2025 |
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| Listing (Tentative) | Tue, Sep 30, 2025 |
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| UPI Mandate Cut‑off | 5 PM on Sep 25, 2025 |
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| Application | Lots | Shares | Amount |
|---|
| Retail (Min) | 1 | 35 | ₹14,805 |
| Retail (Max) | 13 | 455 | ₹1,92,465 |
| S‑HNI (Min) | 14 | 490 | ₹2,07,270 |
| S‑HNI (Max) | 67 | 2,345 | ₹9,91,935 |
| B‑HNI (Min) | 68 | 2,380 | ₹10,06,740 |
Incorporated in 1993, Seshaasai Technologies provides regulated payment instruments, omnichannel customer communications, and IoT‑enabled tagging and tracking solutions, primarily for BFSI clients. Operations span 24 self‑sustaining units across seven Indian locations, with certifications from NPCI, PCI, and IBA, and proprietary platforms including Rubic, eTaTrak, and IOMS.
Summary (₹ crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,160.39 | 958.41 | 782.54 |
| Total Income | 1,473.62 | 1,569.67 | 1,153.84 |
| Profit After Tax | 222.32 | 169.28 | 108.10 |
| EBITDA | 370.37 | 303.01 | 207.43 |
| Net Worth | 669.67 | 465.58 | 321.64 |
| Reserves & Surplus | 490.52 | 286.43 | 201.29 |
| Total Borrowings | 378.68 | 350.24 | 311.99 |
Source: Economic Times announcement, Finology profile, and IPO trackers confirming price band, dates, lot size, employee/anchor details and financials consistent with the RHP.
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