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19 Nov, 2025
Seshaasai Technologies IPO
Seshaasai Technologies IPO will consist of a fresh issue and an offer for sale, aggregating up to 1.91 crore shares at a price band of ₹402-423 per share. The IPO consists of a fresh issue of 1.13 crore shares aggregating up to ₹480 crore and an offer for sale (OFS) of around 78.74 lakh shares worth about ₹333 crores, taking the total size to ₹813 crore. Subscription opens on Sept 23 and subscription closes on Sept 25, 2025. The IPO is likely to be listed at BSE and NSE on or around September 30, 2025, with IIFL Capital Services Ltd., ICICI Securities Ltd. and SBI Capital Markets Ltd. being the book-running lead managers to the issue. Retail investors can apply for a minimum lot of 35 shares and will have to spend around ₹14,805 at the higher end.
Company Background
Seshaasai Technologies Ltd. was established in 1993 and based in Mumbai. Seshaasai has transformed itself from a transactional print service provider to an end-to-end technology solutions provider for the banking, financial services And insurance (BFSI) sector. Seshaasai is present in 12 locations strategically across India, catering to over 150 Financial Institutions through them providing omni-channel communication systems, smart payment systems, AI-based compliance, robotic automation and customer onboarding solutions. It has received multiple awards and recognitions, including the best tech brands in BFSI for several years. It continually invests and focuses on innovation and has moved into areas including digital-document workflows, IoT devices and enterprise digital infrastructure.
Operations And Product Range
Facility And Production
Seshaasai Technologies IPO has offices and technology integration, development and deployment facilities throughout India. It focuses on the development of applications and platform solutions for secure transactional protocols for document management, as well as smart payment solutions. It uses AI, big data, IoT And robotics process automation to deliver scalable and customized solutions that exceed customer expectations in the banking, insurance, retail and government sectors.
Brands And Market Presence
The company operates under the brand Seshaasai with its wide-ranging product offerings across payment cards, insurance policy documents, loyalty programs and compliance management, which has marked leadership in the BFSI technology space. Revenue is generated from presence in key financial centres of India and increasing footprint in SE Asian geographies. The company is grounded in security, innovation and compliance and has a growing customer base and an investment profile for product development.
Revenue Channels
- ⦁ Revenue is primarily driven by licensed technology platforms and services supporting transaction management, document processing and customer engagement for BFSI clients.
- ⦁ MSO and SaaS models deliver ongoing revenues through recurring client contracts.
- ⦁ Professional services and custom solutions also add project-based revenues for the complex client implementations.
- ⦁ Strategic relationships with banks and insurance companies which produce revenues based on volume licensing and maintenance contracts.
Management And Shareholding
Promoters And Shareholding
The promoters of Seshaasai Technologies IPO are Pragnyat Pravin Lalwani and Gautam Sampatraj Jain, collectively holding over 93% of the share capital pre-IPO. Post-IPO, promoter shareholding will moderate to around 86%, reflecting fresh capital inflows and investor participation. The company’s governance and strategic direction will continue to be led by the promoters, ensuring continuity with experienced leadership.
Board Members
The board of Seshaasai Technologies IPO is composed of promoter-directors and independent professionals who will continue to strengthen the company's governance, compliance and strategic direction. Prominent independent intermediaries are managing the IPO process, particularly IIFL Capital Services Ltd., ICICI Securities Ltd. and SBI Capital Markets Ltd., as joint book-running lead managers, MUFG Intime India Pvt. Ltd. as registrar.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Seshaasai Technologies IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Seshaasai Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹402 to ₹423 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,92,21,603 shares (aggregating up to ₹813.07 Cr) |
| Fresh Issue | 1,13,47,588 shares (aggregating up to ₹480.00 Cr) |
| Offer for Sale | 78,74,015 shares of ₹10 (aggregating up to ₹333.07 Cr) |
| Employee Discount | ₹40.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 15,04,53,300 shares |
| Share Holding Post Issue | 16,18,00,888 shares |
Seshaasai Technologies IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
Seshaasai Technologies IPO Lot Size
| 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 |
Seshaasai Technologies IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 93.21% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- ⦁ Deep domain expertise and wealth of industry experience transforming communications for banking, financial services and insurance (BFSI) through secure technology-enabled solutions.
- ⦁ Large client base of more than 150 financial institutions in India with a strong position in market leading digital compliance and payment-enabled solutions.
- ⦁ Strong product portfolio blending AI, IoT and automation to deliver scalable and customizable enterprise solutions.
- ⦁ Recognized brand with multiple awards and long-term partnerships in a high-growth sector driven by digitalization mandates.
- ⦁ Strong financial performance with revenue growth of 35.9% in FY24 and increasing levels of profitability demonstrating operational efficiency and market acceptance.
Seshaasai Technologies IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 1,160.39 | 1,473.62 | 222.32 | 669.67 | 378.68 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 958 | 1,570 | 169 | 466 | 350 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 782.54 | 1,153.84 | 108.1 | 321.64 | 311.99 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 34.84% |
| ROCE | 31.87% |
| Debt/Equity | 0.37 |
| RoNW | 33.20% |
| PAT Margin | 15.09% |
| EBITDA Margin | 25.13% |
| Price to Book Value | 13.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.78 | 14 |
| P/E (x) | 28.63 | 31 |
Objectives of Seshaasai Technologies IPO
- ⦁ Capital expenditure to expand manufacturing and technology infrastructure for scalable production and development.
- ⦁ Partial repayment/prepayment of existing borrowings to reduce financing costs and enhance financial health.
- ⦁ General corporate purposes including working capital and enhancing organization to support growing scale of operations.
Conclusion
Seshaasai Technologies IPO is an attractive opportunity to invest in a fast-growing technology company that is focused on meeting the evolving holistic digital needs of the Banking, Financial services and Insurance (BFSI) sector. As a technology enabled company with unique in-house solutions and a robust client base, combined with deep experience in secure communication and automation, Seshaasai Technologies Ltd is ready to capitalize on rapid digital transformation trends across vastly diverse sectors of India's Financial Services potential. The IPO’s fresh issue and OFS structure balance capital infusion with liquidity, projecting growth with innovation.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
What are the Seshaasai Technologies IPO dates?
The IPO opens on September 23, 2025 and closes on September 25, 2025.
-
What is the issue size and structure?
The total issue size is ₹813.07 crore via a fresh issue of ₹480 crore and OFS of ₹333 crore.
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Where will the Seshaasai Technologies IPO be listed?
The shares will list on BSE and NSE around September 30, 2025.
-
Who are the promoters?
The promoters are Pragnyat Pravin Lalwani and Gautam Sampatraj Jain.
-
What does the company do?
Seshaasai provides secure, AI-driven technology solutions to the BFSI sector involving payment cards, compliance and digital workflows.
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How will the Seshaasai Technologies IPO proceeds be used?
Proceeds will fund infrastructure expansion, debt repayment and general corporate purposes.
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