Seshaasai Technologies IPO
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Schedule of Seshaasai Technologies
| Issue open date | 23 Sep 2025 |
| Issue close date | 25 Sep 2025 |
| UPI mandate deadline | 25 Sep 2025 (5 PM) |
| Allotment finalization | 26 Sep 2025 |
| Refund initiation | 29 Sep 2025 |
| Share credit | 29 Sep 2025 |
| Listing date | 30 Sep 2025 |
| Mandate end date | 10 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 26 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Seshaasai Technologies
Incorporated in 1993 as Seshasai Business Forms Private Limited, the company was rebranded as Seshaasai Technologies Limited in 2024 to reflect its primary business. It is a technology-driven, multi-location solutions provider focused on offering payments, communications, and fulfillment solutions primarily to the banking, financial services, and insurance (BFSI) industry, with data security and compliance at the core of its offerings.
The company also offers Internet of Things (IoT) solutions to a diverse set of customers across industries, and is one of the largest manufacturers of cheque leaves in India.
Financials of Seshaasai Technologies
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹813.07 crores |
| Fresh Issue | ₹480 crores |
| Offer for sale | ₹ 333.07 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 197.91 (41.21%) |
| Repayment/prepayment of outstanding liabilities | 300 (62.5%) |
Strengths
- Leads the regulated payment and communication solutions industry.
- Offers customisable and scalable solution portfolios.
- Utilises proprietary technology for bespoke solutions.
- Operates advanced manufacturing across India.
- Maintains strong financial performance with experienced leadership.
Risks
- Revenues are vulnerable to reduced demand in BFSI verticals.
- Operations could be disrupted by raw material supply issues.
- Dividend consistency depends on future earnings and economic factors.
Allotment Status for Seshaasai Technologies
To check your allotment status – click here.
Subscription Figures for Seshaasai Technologies
As per media reports (Link), the Grey Market Premium (GMP) of Seshaasai Technologies is reported at ₹115 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 23, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 38.32 | 0.35x | 0.01x |
| NII | 28.75 | 55.05 | 1.91x |
| Retail | 67.09 | 80.26 | 1.20x |
| Employees | 0.52 | 1.24 | 2.39x |
| Total | 134.69 | 136.92 | 1.02x |