Seshaasai Technologies IPO Upcoming
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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
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | – |
| Fresh Issue | ₹600 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 195.32 (32.55%) |
| Repayment/prepayment of outstanding liabilities | 300 (50%) |
| General corporate proceeds | (Not above 25% of gross proceeds) |
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.