Seshaasai Technologies Sets IPO Price Band at ₹402-423; Issue Size at ₹813 Crore

New Delhi, September 18: Seshaasai Technologies Limited, a reputed payments and technology-based solution provider, has established a price range of ₹402 to ₹423 a share for its initial public offering (IPO). The IPO will be available for subscription between September 23 and September 25.

Seshaasai Technologies was started in 1993 and has become a multi-location technology-based provider of payment and fulfilment-based solutions. The company is involved in the designing and development of debit cards, credit cards, prepaid cards and mass transit cards, and embedding secure customer data on the instruments to be delivered. Its activities primarily focus on the banking, financial services, and insurance (BFSI) industry, although it also applies Internet of Things (IoT) solutions to other sectors.

IPO Size and Structure

The overall issue size of Seshaasai Technologies IPO is ₹813.07 crore. It has a new issue of 1.13 crore equity shares of ₹480 crore and a sale offer of 0.79 crore shares of ₹333.07 crore. This will allow the firm to raise new capital and, at the same time, provide an escape route to the existing shareholders.

Fund Utilisation Plans

Out of the fresh issue proceeds, Seshaasai Technologies will spend ₹198 crore in the expansion of its manufacturing facilities, ₹300 crore in settling the existing debts and the rest in the general corporate purposes. This combination indicates a focus on minimising leverage while creating production capacities to sustain further growth.

Allocation of Investors and Bidding

According to the regulatory principles, 50% of the IPO shall be allocated to the Qualified Institutional Buyer (QIBs), 35% to the retail investor, and 15% to the Non-Institutional Investor (NIIs). Investors can bid for at least 35 shares of equity and up to multiples.

Financial Performance

Seshaasai Technologies has reported revenue through operations of ₹1,463,15 crore and a ₹222.32 crore profit after tax in the fiscal year 2025. The significant increase in the top line and strong profitability reflect the company’s potential for growth through scaled expansion without sacrificing margins.

Lead Managers of the Issue

The IPO is being driven by ICICI Securities, SBI Capital Markets, and IIFL Capital Services, who are the book-running lead managers to the IPO, testifying to the presence of established financial institutions directing the offering.

With a strong presence in the BFSI industry, robust financials, and clear growth strategies, the IPO of Seshaasai Technologies offers investors a niche yet growing market. The emphasis on debt management and incremental capacity growth places the company on a path of sustainable development in the long run.

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