{"id":14574,"date":"2025-09-30T13:25:22","date_gmt":"2025-09-30T07:55:22","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=14574"},"modified":"2025-09-30T13:26:54","modified_gmt":"2025-09-30T07:56:54","slug":"seshaasai-technologies-ipo-lists-at-2-percent-premium","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/seshaasai-technologies-ipo-lists-at-2-percent-premium\/","title":{"rendered":"Seshaasai Technologies IPO: Shares List at 2% Premium Over Issue Price on NSE"},"content":{"rendered":"

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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<\/a> listed at \u20b9432 on the National Stock Exchange (NSE), representing a modest 2.13% premium over the IPO price of \u20b9423. On the Bombay Stock Exchange (BSE), shares opened at \u20b9436, reflecting a 3.07% gain from the issue price.<\/p>\n

<\/span>Seshaasai Technologies IPO Performance<\/strong><\/span><\/h2>\n

The \u20b9813.07 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 \u20b940 per share, was subscribed 9.50 times.<\/p>\n

<\/span>IPO Details<\/strong><\/span><\/h2>\n

Seshaasai Technologies IPO<\/a> comprised a fresh issue of 1.13 crore shares worth \u20b9480 crore, alongside an offer-for-sale (OFS) of 0.79 crore shares valued at \u20b9333.07 crore, with promoters Pragnyat Pravin Lalwani and Gautam Sampatraj Jain participating in the OFS. Ahead of the public issue, the company raised \u20b9243.32 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 \u20b914,805 at the upper price band. A total of 52,219 shares were reserved for employees at the discounted price.<\/p>\n

<\/span>Use of Proceeds<\/strong><\/span><\/h2>\n

Proceeds from the fresh issue will be utilised for capital expenditure on existing manufacturing units (\u20b9195.33 crore), repayment or prepayment of loans (\u20b9300 crore), with the remaining amount allocated for general corporate purposes.<\/p>\n


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