Seshaasai Technologies IPO
Bookbuilding IPO | ₹813.00 Cr | Listing at BSE, NSE
IPO Open
Tue, Sep 23, 2025
IPO Close
Thu, Sep 25, 2025
Price Band
₹402.00 to ₹423.00
Market Cap (Pre-IPO)
₹6,844.18 Cr
IPO Details
| IPO Date | Sep 23, 2025 to Sep 25, 2025 |
| Listing Date | Sep 30, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹402.00 to ₹423.00 |
| Lot Size | 35 Shares (Minimum: ₹14,805.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹813.00 Crores |
| Total Shares Offered | 19,226,541 shares |
| Fresh Issue | 11,352,526 shares |
| Offer For Sale | 7,874,015 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 189.49x |
| NII | 51.43x |
| RII | 9.46x |
| Total | 69.64x |
Seshaasai Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 95,87,160 (49.86%) |
| Retail Shares Offered | 67,11,013 (34.90%) |
| NII Shares Offered | 28,76,149 (14.96%) |
Seshaasai Technologies IPO Lot Size
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,805 |
| Retail (Max) | 13 | 455 | ₹192,465 |
| S-HNI (Min) | 14 | 490 | ₹207,270 |
| S-HNI (Max) | 67 | 2,345 | ₹991,935 |
| B-HNI (Min) | 68 | 2,380 | ₹1,006,740 |
Seshaasai Technologies Financial Information (Restated Consolidated)
Seshaasai Technologies Ltd.'s revenue decreased by 6% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 and Surplus | 490.52 | 286.43 | 201.29 |
| Total Borrowing | 378.68 | 350.24 | 311.99 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 34.84% |
| ROCE (Return on Capital Employed) | 31.87% |
| Debt/Equity | 0.37 |
| RoNW (Return on Net Worth) | 33.20% |
| PAT Margin (Profit After Tax Margin) | 15.09% |
| EBITDA Margin | 25.13% |
| Price to Book Value | 13.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 14.78 | 13.74 |
| P/E (x) | 28.63 | 30.79 |
| Promoter Holding | 93.21% | 81.80% |
Company Promoters
- Pragnyat Pravin Lalwani and Gautam Sampatraj Jain are the promoters of the company.
Company Overview
Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider, specializing in payment solutions, as well as communications and fulfilment services, primarily catering to the banking, financial services, and insurance (BFSI) industry.
The company offers scalable, recurring solutions through proprietary platforms, enabling BFSI sector operations in India. Additionally, it provides IoT solutions to a diverse range of customers across various industries.
The company offers a customized portfolio of services through 24 self-sustaining manufacturing units across seven locations in India, equipped with advanced machinery, raw materials, and skilled workforce to meet local requirements.
The company’s units are certified by global payment schemes, NPCI, PCI, and IBA for payment card production, data security, and cheque manufacturing, ensuring compliance with IT, cyber, and physical security standards.
Business Operation:
- Payment Solutions: The company offers payment instruments like debit, credit, prepaid, and transit cards, wearables, merchant QRs, cheques, and secured transaction stationery to banks, fintech, and other issuers in the public and private sectors.
- Communication and Fulfilment Solutions: The company offers omni-channel communication solutions via its Rubic platform, providing print and digital services for banks, insurance companies, AMCs, depositories, and financial institutions, including account statements, compliance communication, and customer requests in physical or digital formats.
- IoT Solutions: The company offers IoT-powered RFID and NFC solutions, including passive RFID tags, labels, and readers, to optimize supply chain management, product authenticity, and real-time data across industries like retail, manufacturing, and logistics.
Technology Platforms:
- RUBIC: RUBIC is a data processing platform that personalizes outputs, integrates with systems, and supports secure communication and IoT solutions.
- eTaTrak: eTaTrak is an AI-powered logistics solution that tracks deliveries in real-time, ensuring accurate billing and enhanced service delivery.
- IOMS: IOMS is a web-based order and inventory management platform, streamlining ordering processes and reducing costs by consolidating transactions.
As of June 30, 2025,the company had 862 permanent employees.
Company Strengths
- Established Leadership Position in the Large and Regulated Payment Solutions Industry with High Barriers to Entry
- Long Standing Relationships with a Large Customer Base
- Comprehensive Portfolio of Customizable and Scalable Solutions
- Proprietary Technology Stack Enabling Bespoke Solutions
- Pan-India Advanced Manufacturing Capabilities
- Track Record of Healthy Financial Performance
- Experienced Promoters and Senior Management Team backed by Committed Employee Base.
Use of Proceeds
| 1) | Funding capital expenditure for the expansion of existing manufacturing units | 197.91 |
| 2) | Repayment and / or prepayyment, in part or in full, of certain outstanding borrowings of the Compan | 300.00 |
| 3) | General corporate purposes | 67.03 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Seshaasai Technologies IPO Peer Comparison
Seshaasai Technologies peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Seshaasai Technologies Limited | 18.55 | 11.47 | 31.54 | 0.00 | 36.36 | 0.00 | Consolidated |
Quick Info
| Sector | IT - Software and Financial Technology (FinTech) |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹6,844.18 Cr |
Important Dates
| IPO Open | Sep 23, 2025 |
| IPO Close | Sep 25, 2025 |
| Allotment Date | Sep 26, 2025 |
| Credit to Demat | Sep 29, 2025 |
| Listing Date | Sep 30, 2025 |
Lead Manager(s)
IIFL Capital Services Ltd.
Registrar
Description
- Seshaasai Technologies IPO is a book build issue of ₹813.28 crores. The issue is a combination of fresh issue of 1.14 crore shares aggregating to ₹480.21 crores and offer for sale of 0.79 crore shares aggregating to ₹333.07 crores.
- Seshaasai Technologies IPO bidding started from Sep 23, 2025 and ended on Sep 25, 2025. The allotment for Seshaasai Technologies IPO was finalized on Sep 26, 2025. The shares got listed on BSE, NSE on Sep 30, 2025.
- Seshaasai Technologies IPO price band is set at ₹423.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,805 (35 shares) (based on upper price). The lot size investment for sNII is 14 lots (490 shares), amounting to ₹2,07,270, and for bNII, it is 68 lots (2,380 shares), amounting to ₹10,06,740.
- The issue includes a reservation of up to 52,219 shares for employees offered at a discount of ₹40.00 to the issue price.