Seshaasai Technologies IPO Price: ₹402 to ₹423 per share
IPO Dates: 23rd September 2025 – 25th September 2025
Company Overview
Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider specializing in payment solutions, communications, and fulfilment services, with a strong focus on the banking, financial services, and insurance (BFSI) sector. Over the years, the company has expanded its expertise to deliver scalable, recurring solutions through proprietary platforms, while also offering IoT-powered services across diverse industries.
Business Operations
Seshaasai Technologies operates through three key verticals:
- IoT Solutions: Leveraging RFID and NFC technology, the company delivers IoT-enabled solutions such as passive RFID tags, labels, and readers. These offerings enhance supply chain management, ensure product authenticity, and enable real-time data tracking for industries like retail, manufacturing, and logistics.
- Payment Solutions: The company provides a wide range of secure payment instruments, including debit, credit, prepaid, and transit cards, as well as wearables, merchant QRs, cheques, and secured transaction stationery. These products are supplied to banks, fintech companies, and issuers across both public and private sectors.
- Communication and Fulfilment Solutions: Through its proprietary RUBIC platform, the company enables omni-channel communication by delivering both print and digital services. Its offerings include account statements, compliance communications, and customer requests for banks, insurers, AMCs, depositories, and financial institutions.
Technology Platforms
Seshaasai Technologies has developed a proprietary technology stack to support its operations:
- RUBIC: A secure data processing platform that personalizes outputs, integrates seamlessly with customer systems, and supports both communication and IoT-based solutions.
- eTaTrak: An AI-powered logistics solution offering real-time delivery tracking, ensuring accurate billing and improved service delivery.
- IOMS: A web-based order and inventory management platform designed to streamline procurement, reduce costs, and consolidate transactions.
Manufacturing Capabilities
The company operates 24 self-sustaining manufacturing units across seven locations in India, each equipped with advanced machinery and skilled manpower. These units are certified by global payment schemes, NPCI, PCI, and IBA for card production, cheque manufacturing, and data security. This ensures compliance with stringent IT, cyber, and physical security standards, while also enabling localized service delivery.
Competitive Strengths
- Established leadership position in the regulated payment solutions industry with significant entry barriers.
- Long-standing relationships with a diverse and loyal customer base.
- Comprehensive portfolio of customizable and scalable solutions across multiple verticals.
- Proprietary technology stack enabling secure and bespoke offerings.
- Pan-India manufacturing capabilities with advanced infrastructure and certifications.
- Healthy track record of financial performance.
- Experienced promoters and senior management team, supported by a committed workforce.
Bidding Starts In
Seshaasai Technologies IPO Specifics:
| IPO Date | September 23, 2025 to September 25, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹402 to ₹423 per share |
| Lot Size | 35 Shares |
| 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 (aggregating up to ₹333.07 Cr) |
| Employee Discount | ₹40 |
| Issue Type | Book Built Issue 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 Timetable (Important Dates)
| IPO Open Date | Tuesday, September 23 2025 |
| IPO Close Date | Thursday, September 25 2025 |
| Basis of Allotment | Friday, September 26 2025 |
| Initiation of Refunds | Monday, September 29 2025 |
| Credit of Shares to Demat | Monday, September 29 2025 |
| Listing Date | Tuesday, September 30 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2025 |
Seshaasai Technologies IPO Lot Size
Bidders have the opportunity to bid for a minimum of 35 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
Seshaasai Technologies Limited IPO Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Assets | 782.54 | 958.41 | 1160.39 |
| Total Income | 1153.84 | 1569.67 | 1473.62 |
| Profit After Tax | 108.10 | 169.28 | 222.32 |
| EBITDA | 207.43 | 303.01 | 370.37 |
| Net Worth | 321.64 | 465.58 | 669.67 |
| Reserves and Surplus | 201.29 | 286.43 | 490.52 |
| Total Borrowing | 311.99 | 350.24 | 378.68 |
Key Performance Indicator – Seshaasai Technologies IPO
| KPI | Values |
|---|---|
| Market Cap | ₹6844.18 Cr |
| EPS | ₹14.78 |
| P/E (x) | 28.63 |
| ROE | 34.84% |
| ROCE | 31.87% |
| Debt/Equity | 0.37 |
| RoNW | 33.20% |
| PAT Margin | 15.09% |
Objects of the Issue:
Seshaasai Technologies Limited proposes to utilize the net proceeds from its Initial Public Offering (IPO) for the following purposes:
- Funding Capital Expenditure: ₹197.91 crore will be allocated towards the expansion of the company’s existing manufacturing units, enhancing capacity and operational efficiency.
- Repayment/Prepayment of Borrowings: ₹300 crore will be utilized for repayment and/or prepayment, in part or in full, of certain outstanding borrowings, thereby reducing debt and improving the financial position.
- General Corporate Purposes: The remaining funds will be used for general corporate activities, including administrative expenses, business development, and other strategic initiatives.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
