Seshaasai Technologies Limited, a technology-driven solutions provider, made a muted debut on the Indian stock exchanges on Tuesday, September 30, 2025. Seshaasai Technologies shares listed at ₹432 on the National Stock Exchange (NSE), representing a modest 2.13% premium over the IPO price of ₹423. On the Bombay Stock Exchange (BSE), shares opened at ₹436, reflecting a 3.07% gain from the issue price.
Seshaasai Technologies IPO Performance
The ₹813.07 crore IPO witnessed robust demand across all investor categories. Qualified institutional buyers (QIBs) subscribed 189.49 times their allocation, non-institutional investors 51.43 times, and retail investors 9.46 times. The employee category, which received a discount of ₹40 per share, was subscribed 9.50 times.
IPO Details
Seshaasai Technologies IPO comprised a fresh issue of 1.13 crore shares worth ₹480 crore, alongside an offer-for-sale (OFS) of 0.79 crore shares valued at ₹333.07 crore, with promoters Pragnyat Pravin Lalwani and Gautam Sampatraj Jain participating in the OFS. Ahead of the public issue, the company raised ₹243.32 crore from anchor investors on September 22. Investors were allowed to apply for a minimum lot of 35 shares, corresponding to a retail investment of ₹14,805 at the upper price band. A total of 52,219 shares were reserved for employees at the discounted price.
Use of Proceeds
Proceeds from the fresh issue will be utilised for capital expenditure on existing manufacturing units (₹195.33 crore), repayment or prepayment of loans (₹300 crore), with the remaining amount allocated for general corporate purposes.
About Seshaasai Technologies
Incorporated in 1993, Seshaasai Technologies Limited provides technology-driven solutions, specialising in payment systems, communications, and fulfilment services, with a strong focus on the banking, financial services, and insurance (BFSI) sector. The company leverages proprietary platforms to deliver scalable and recurring solutions that strengthen BFSI operations across India. Additionally, Seshaasai Technologies offers Internet of Things (IoT) solutions to clients across diverse industries.
The company operates 24 manufacturing units across seven locations in India, equipped with advanced machinery and skilled personnel. Financially, Seshaasai Technologies has demonstrated strong growth, with revenue rising from ₹672.56 crore in FY22 to ₹1,558.26 crore in FY24, reflecting a CAGR of 52.21%. Net profit increased from ₹37.35 crore in FY22 to ₹169.28 crore in FY24, marking a CAGR of 112.88%.
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Market Outlook and Conclusion
Seshaasai Technologies’ IPO debut at a modest premium reflects measured market interest in its offering. With planned utilisation of IPO proceeds for capital expenditure and loan repayment, the company is well-positioned to strengthen its operational and financial base.
The IPO provides investors with an opportunity to engage with a technology-driven enterprise with a proven track record, diversified services, and a strong focus on BFSI and industrial solutions across India.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
