Search IPOs
STYL · NSE,BSE · Fintech
Seshaasai Technologies IPO listed on 30 Sep 2025 on NSE,BSE at ₹432.00, a gain of 2.13% over the issue price of ₹423.00. The IPO was subscribed 68.13x overall.
Seshaasai Technologies IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 23 Sep 2025 |
| IPO Close Date | 25 Sep 2025 |
| Basis of Allotment | 26 Sep 2025 |
| Initiation of Refunds | 29 Sep 2025 |
| Credit of Shares to Demat | 29 Sep 2025 |
| Listing Date | 30 Sep 2025 |
Listing day gain
+2.13%
Listed at ₹432 (issue ₹423)
Issue
₹423
Listing
₹432
Current
₹411.45
-2.73% vs issue
Day range
₹406 – ₹437.45
Issue Size
19,226,541 shares
(aggregating up to ₹813.07 Cr)
Issue Price
₹402 – ₹423
Face Value
₹10/share
Market Lot
35 shares
Retail Min Investment
₹14,805
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
11,352,526 shares
(aggregating up to ₹480.09 Cr)
Offer for Sale
7,874,015 shares
(aggregating up to ₹332.99 Cr)
Employee Discount
₹40
Issue Type
book building
Open Date
23 Sep
Close Date
25 Sep
Allotment
26 Sep
Listing
30 Sep
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 30 Sep 2025 Latest | ₹423 | ₹40 | ₹463 | ₹40 |
9.46%
|
12:00 AM |
| 29 Sep 2025 | ₹423 | ₹40 | ₹463 | ₹40 |
9.46%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 30 Sep 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 189.63x |
| NII | 49.89x |
| bNII (bids above ₹10L) | 52.77x |
| sNII (bids below ₹10L) | 44.13x |
| Retail Investors | 9.17x |
| Employees | 9x |
| Total | 68.13x |
Showing the latest subscription snapshot.
View full subscription historyPragnyat Pravin Lalwani and Gautam Sampatraj Jain
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,805 |
| Retail (Max) | 13 | 455 | ₹192,465 |
| S-HNI (Min) | 14 | 490 | ₹207,270 |
| S-HNI (Max) | 67 | 2,345 | ₹991,935 |
| B-HNI (Min) | 68 | 2,380 | ₹1,006,740 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only employee | 2 | No |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 9,587,160 (49.87%) |
|
•
Anchor Investor Shares Offered
|
5,752,296 (29.92%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
3,834,864 (19.95%) |
| NII (HNI) Shares Offered | 2,876,149 (14.96%) |
|
•
bNII > ₹10L
|
1,917,433 (9.97%) |
|
•
sNII < ₹10L
|
958,716 (4.99%) |
| Retail Shares Offered | 6,711,013 (34.90%) |
| Employee | 52,219 (0.27%) |
| Total Shares Offered | 19,226,541 (100.00%) |
Seshaasai Technologies Limited was originally incorporated as Seshasai Business Forms Private Limited on September 17, 1993, at Mumbai, and was later renamed Seshaasai Business Forms Limited and subsequently Seshaasai Technologies Limited as part of a corporate rebranding on November 25, 2024. It is headquartered in Mumbai and works in the BFSI technology solutions sector.
The company provides technology-driven solutions in payments, communication and fulfilment services, primarily for banks, financial services and insurance companies, along with IoT solutions for customers across other industries. It operates through 24 self-sustaining manufacturing units across seven locations in India, equipped with proprietary platforms and specialised machinery. The company is promoted by Pragnyat Pravin Lalwani, who serves as Chairman and Managing Director, and Gautam Sampatraj Jain, Whole-time Director, both associated with the company since its inception in 1993.
Revenue rose to Rs 1,558.26 crore in FY24 from Rs 1,146.30 crore in FY23, up 35.9%, while gross profit rose to Rs 570.35 crore in FY24 from Rs 400.91 crore in FY23. This was a mainboard IPO, listed on the NSE and BSE, comprising a fresh issue of equity shares of face value Rs 10 each aggregating up to Rs 600 crore, along with an offer for sale of up to 78,74,000 equity shares by promoters Pragnyat Pravin Lalwani and Gautam Sampatraj Jain, each selling up to 39,37,000 shares. Of the fresh issue proceeds, funds were earmarked for expanding manufacturing facilities, increasing production capacity, and repaying or prepaying certain borrowings, with the balance for general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY Mar 2023 | FY Mar 2024 | FY Mar 2025 |
|---|---|---|---|
| Total Revenue | 1,153.84 | 1,569.67 | 1,473.62 |
| Profit After Tax (PAT) | 108.1 | 169.28 | 222.32 |
| EBITDA | 207.43 | 303.01 | 370.37 |
| Total Assets | 782.54 | 958.41 | 1,160.39 |
| Net Worth | 321.64 | 465.58 | 669.67 |
| Reserves & Surplus | 201.29 | 286.43 | 490.52 |
| Total Borrowing | 311.99 | 350.24 | 378.68 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 34.84% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 31.87% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 33.2% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 15.09% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 25.13% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.37x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 13.41x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹14.78 | ₹13.74 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 28.63x | 30.79x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹6,364 Cr | ₹6,658 Cr |
The basis of allotment for Seshaasai Technologies IPO was finalised on 26 Sep 2025. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Seshaasai Technologies IPO is expected to open in Sep 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Seshaasai Technologies IPO is ₹402.00 - ₹423.00 per share.
As per market sources, Seshaasai Technologies IPO GMP is currently ₹40.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Seshaasai Technologies IPO stands at 68.13x overall.
The listing date for Seshaasai Technologies IPO is 30 Sep 2025.
No comments yet. Be the first to comment!
