Seshaasai Technologies IPO Oversubscribed 69.64x on Final Day, QIBs Lead Strong Demand

New Delhi, September 25, 2025 – The ₹813-crore Seshaasai Technologies IPO saw an overwhelming response on the final day, as overall subscription jumped to 69.64 times. Qualified Institutional Buyers (QIBs) pushed it through with a strong bid. Retail and HNI segments also saw healthy oversubscription.

Subscriber Status (as of 5:03 PM, September 25)

The Seshasai Technologies IPO witnessed immense investor interest, closing on Day 3 (September 25, 2025) with a total subscription of 69.64 times. The issue saw strong demand across all investor categories, with Qualified Institutional Buyers (QIBs) leading, subscribing 189.49 times their reserved quota.

The Non-Institutional Investor (NII) segment was also highly active, with subscriptions at 51.43 times—bNII (bids over ₹10 lakh) at 54.40 times, and sNII (bids under ₹10 lakh) at 45.49 times. Retail investors participated robustly, subscribing 9.46 times, while the employee portion saw 9.50 times subscription. Anchor investors had already fully subscribed their 57.5 lakh-share allotment before the IPO opened.

Overall, against 1.34 crore shares on offer, the IPO attracted bids for nearly 93.8 crore shares, valued at approximately ₹39,680 crore. The strong subscription across all categories reflects investor confidence in Seshasai Technologies’ growth story and market prospects.

IPO Snapshot

Seshasai Technologies had launched its initial public offering (IPO) with a total issue size of ₹813 crore, consisting of a fresh issue of ₹480 crore and an offer for sale (OFS) of ₹333 crore. The shares were being offered at a price band of ₹402 to ₹423 per equity share, with a minimum lot size of 35 shares and in multiples thereof. The IPO was open for subscription from September 23 to September 25, 2025, attracting strong investor interest across all categories.

Use of Proceeds & Lead Managers

The funds raised through the fresh issue are intended to support the company’s growth initiatives, including business expansion, capital expenditure, working capital requirements, and general corporate purposes. The OFS portion involves the sale of shares by existing shareholders and does not involve any proceeds for the company.

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