Seshaasai Technologies Lists at ₹432, Falls in Early Trade

Mumbai, September 30, 2025 – Seshaasai Technologies stock listed on the stock exchanges today at ₹432 per share, above the IPO issue price of ₹423. The stock fell soon after listing, however, and was trading at ₹416.40 at 02:20 PM IST, a 3.50% fall from its listing price. During the morning session, the stock rose to an intraday high of ₹437.45 and fell to a low of ₹408.70, with over 56.6 lakh shares trading, implying a turnover of ₹241.7 crore.

Seshaasai Technologies IPO Anchor Subscription and Allocation

Prior to the IPO, Seshaasai Technologies IPO had raised ₹243.3 crore from anchor investors, allotting 57.52 lakh shares at ₹423 apiece. Key players included Nippon India Mutual Fund, ICICI Prudential MF, UTI MF, Motilal Oswal MF, Sundaram MF, and Tata AIG General Insurance. The IPO was well subscribed, receiving 68.13 times subscription overall. Demand was led by Qualified Institutional Buyers (QIBs) with 189.6x subscription followed by Non-Institutional Investors at 49.9x, Retail Investors at 9.17x, and Employees at 9x.

Seshaasai Technologies IPO Use of IPO Proceeds

The money would be utilized to expand manufacturing operations by ₹198 crore, to repay ₹300 crore of debt, and the balance for general corporate requirements, enhancing both operating ability and financial flexibility.

About Seshaasai Technologies

Having been set up as a solutions company with a focus on technology, Seshaasai Technologies is involved in payments, communications, and fulfillment services. The company’s products include debit and credit cards, prepaid cards, mass transit cards, and cheque services, with safe data features incorporated within them. During FY25, the company reported revenue of ₹1,463.15 crore and net profit of ₹222.32 crore, with very good growth and operating performance.

REF: https://www.nseindia.com/get-quotes/equity?symbol=STYL

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