Seshaasai Technologies came to market through an IPO that opened on 23 September 2025 and closed on 25 September 2025, and the shares listed on 30 September 2025 on BSE, NSE. The price band was ₹402 to ₹423 per share and one lot was 35 shares, so the minimum application was ₹14,805. The issue size was ₹813.07 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt Ltd was the registrar to the issue, and IIFL Capital Services Ltd, ICICI Securities Ltd, SBI Capital Markets Ltd were the lead managers.
As of 25 September 2025.
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Established in 1993, Seshaasai Technologies Limited is a technology-oriented, multi-location solutions company, with expertise in payment solutions, as well as communications and fulfilment services, serving primarily the banking, financial services, and insurance (BFSI) sector. The company delivers scalable, recurring solutions via proprietary platforms, facilitating BFSI industry operations in India. Also, it offers IoT solutions to a wide base of customers across different industries.
The company provides a tailor-made portfolio of services via 24 autonomous manufacturing units in seven different locations in India, facilitated by modern machinery, raw materials, and manpower to address local needs. The units of the company are certified by international payment schemes, NPCI, PCI, and IBA for payment card manufacturing, data protection, and cheque production, addressing IT, cyber, and physical security standards. Business Operation: Payment Solutions:
The firm provides payment devices such as debit, credit, prepaid, and transit cards, wearables, merchant QRs, cheques, and secured transaction stationery to public and private sector banks, fintech, and other issuers. Communication and Fulfilment Solutions: It has omni-channel communication solutions through its Rubic platform, offering print and digital solutions to banks, insurance firms, AMCs, depositories, and financial institutions, including account statements, compliance communications, and customer requests in physical or electronic form. IoT Solutions:
The firm provides IoT-enabled RFID and NFC solutions, such as passive RFID tags, labels, and readers, to enhance supply chain management, product authenticity, and real-time data in industries including retail, manufacturing, and logistics. Technology Platforms: RUBIC: RUBIC is a data processing platform that personalizes output, is system integratable, and enables 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.
As described in the offer document.
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Seshaasai Technologies : Anchor investors pick up Rs 243.3 crore worth of shares. Nippon Life India, and ICICI Prudential MF were the largest institutional participants in the anchor book, who each chose 5.91 lakh shares for almost Rs 25 crore. Other names in the marquee such as Valuequest India, Tata AIA General Insurance, UTI Mutual Fund, Motilal Oswal AMC, Sundaram Mutual Fund, HSBC MF, DSP MF, Franklin India, and Axis Max Life Insurance also joined in the anchor book.
Pragnyat Pravin Lalwani, Gautam Sampatraj Jain.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Seshaasai Technologies IPO was a ₹813.07 crore book-built issue, comprising a fresh issue of ₹480 crore and an offer for sale of ₹333.07 crore. It was priced at ₹402–₹423 per share with a lot size of 35 shares (₹14,805). The IPO was open from September 23 to September 25, 2025 and was subscribed 69.64x. Shares listed on BSE and NSE on September 30, 2025 at ₹432, a 2.1% premium to the issue price of ₹423.
MUFG Intime India Pvt Ltd is the registrar. IIFL Capital Services Ltd. and 2 other book running lead managers manage the issue.
The price band of Seshaasai Technologies IPO is ₹402 to ₹423 per share.
The lot size of Seshaasai Technologies IPO is 35 shares.
The minimum investment for Seshaasai Technologies IPO is approximately ₹14,805 based on the upper price band.
The allotment date of Seshaasai Technologies IPO is Sep 26, 2025.
Seshaasai Technologies IPO's final recorded GMP before listing was ₹40 per share (a 9% premium over the ₹423 upper price band). The shares listed at ₹432. GMP is unofficial and does not forecast or guarantee the actual listing price.
Seshaasai Technologies IPO listed on Sep 30, 2025. It was issued at ₹432.0(NSE) and is currently around ₹310.00 as on 2-Nov-2026 3:30 PM, which is approximately -26.7% versus issue price. The 52-week high is ₹433.85.
You can check Seshaasai Technologies IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Seshaasai Technologies IPO allotment status on Rupix for quick and easy access.
₹402 to ₹423 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 35 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,805.
₹14,805, for one lot of 35 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 September 2025 and closed on 25 September 2025.
The basis of allotment was published on 26 September 2025 by MUFG Intime India Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 September 2025 on BSE, NSE.
The issue size was ₹813.07 crore. The fresh issue was 1,13,47,588 shares (aggregating up to ₹480 crore). The offer for sale was 78,74,015 shares (aggregating up to ₹333.07 crore).