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Seshaasai Technologies IPO
Price Band
₹402.0–423.0
Issue Size
₹813.28 Cr
Lot Size
35 shares
Min Investment
₹14,805
GMP
+₹40.0 (9.46%)
Issue Price
₹423.0
Subject to Sauda
₹1100
Paid only if allotted
Seshaasai Technologies IPO AI Summary
- Seshaasai Technologies IPO is listed on BSE, NSE in the Financial Technology (Fintech) sector.
- Price band: ₹402.0–₹423.0 per share, lot size 35 shares (min. investment ₹14,805).
- Subscription window: 23 Sep–25 Sep 2025, listing on 30 Sep 2025.
- Current GMP is +₹40.0 (9.46%), an estimated listing price of ₹463 — unofficial and can change daily.
Seshaasai Technologies Limited is a leading provider of technology-driven solutions in the fintech sector, with a focus on payment solutions and IoT services. The company has shown positive growth in profitability over the last few years, although its total income has fluctuated. The IPO aims to raise funds for expansion and debt repayment, with a strong backing from established promoters.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Seshaasai Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Sep 2025 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Seshaasai Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹40.0
GMP %
+9.46%
Est. Listing
₹463.0
Updated: 25 Jul 2026 14:12
About the Company
Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider, specializing in payment solutions, as well as communications and fulfilment services, primarily catering to the banking, financial services, and insurance (BFSI) industry. The company offers scalable, recurring solutions through proprietary platforms, enabling BFSI sector operations in India. Additionally, it provides IoT solutions to a diverse range of customers across various industries. The company offers a customized portfolio of services through 24 self-sustaining manufacturing units across seven locations in India, equipped with advanced machinery, raw materials, and skilled workforce to meet local requirements. The company’s units are certified by global payment schemes, NPCI, PCI, and IBA for payment card production, data security, and cheque manufacturing, ensuring compliance with IT, cyber, and physical security standards. Business Operation: Payment Solutions: The company offers payment instruments like debit, credit, prepaid, and transit cards, wearables, merchant QRs, cheques, and secured transaction stationery to banks, fintech, and other issuers in the public and private sectors. Communication and Fulfilment Solutions: The company offers omni-channel communication solutions via its Rubic platform, providing print and digital services for banks, insurance companies, AMCs, depositories, and financial institutions, including account statements, compliance communication, and customer requests in physical or digital formats. IoT Solutions: The company offers IoT-powered RFID and NFC solutions, including passive RFID tags, labels, and readers, to optimize supply chain management, product authenticity, and real-time data across industries like retail, manufacturing, and logistics. Technology Platforms: RUBIC: RUBIC is a data processing platform that personalizes outputs, integrates with systems, and supports secure communication and IoT solutions. eTaTrak: eTaTrak is an AI-powered logistics solution that tracks deliveries in real-time, ensuring accurate billing and enhanced service delivery. IOMS: IOMS is a web-based order and inventory management platform, streamlining ordering processes and reducing costs by consolidating transactions. As of June 30, 2025,the company had 862 permanent employees. Competitive Strengths: Established Leadership Position in the Large and Regulated Payment Solutions Industry with High Barriers to Entry Long Standing Relationships with a Large Customer Base Comprehensive Portfolio of Customizable and Scalable Solutions Proprietary Technology Stack Enabling Bespoke Solutions Pan-India Advanced Manufacturing Capabilities Track Record of Healthy Financial Performance Experienced Promoters and Senior Management Team backed by Committed Employee Base.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,160.39 | 958.41 | 782.54 |
| Total Income | 1,473.62 | 1,569.67 | 1,153.84 |
| Profit After Tax | 222.32 | 169.28 | 108.10 |
| EBITDA | 370.37 | 303.01 | 207.43 |
| NET Worth | 669.67 | 465.58 | 321.64 |
| Reserves and Surplus | 490.52 | 286.43 | 201.29 |
| Total Borrowing | 378.68 | 350.24 | 311.99 |
Key Ratios
EPS
₹14.78
NAV
₹45.37
ROE
34.84%
ROCE
31.87%
RoNW
33.20%
P/B Value
13.41
P/E Ratio
28.63
Market Cap
₹6844.18 Cr
PAT Margin
15.09%
Debt/Equity
0.37
Peer Comparison
| Company | NAV | RoNW | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Seshaasai Technologies Limited This IPO | 31.54 | 36.36% | 18.55 | 11.47 |
Promoters
Pragnyat Pravin Lalwani and Gautam Sampatraj Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure for the expansion of existing manufacturing units 197.91 2 Repayment and / or prepayyment, in part or in full, of certain outstanding borrowings of the Compan 300.00 3 General Corporate Purposes 67.03 4 Issue Expenses 52.35 Total 617.29
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1,153.84 Cr in the year ending 31 Mar 2023, decreasing to ₹1,569.67 Cr by 31 Mar 2024, before falling again to ₹1,473.62 Cr in the year ending 31 Mar 2025. This indicates a fluctuation in revenue over the periods.
Profit Trend
Profit After Tax was ₹108.10 Cr in the year ending 31 Mar 2023, increasing to ₹169.28 Cr by 31 Mar 2024, and further rising to ₹222.32 Cr in the year ending 31 Mar 2025. This shows a positive trend in profitability over the periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that investors anticipate a higher listing price than the issue price, while a negative GMP indicates the opposite. However, GMP is not a guarantee of actual listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is essential to consider the company's fundamentals, market conditions, and personal financial goals before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs like this one, which can experience significant price fluctuations in the short term.
Listing Gains — The Risk
Investing in IPOs carries inherent risks, including the potential for volatility on listing day. While some investors may experience listing gains, others may face losses if the stock price declines after the initial trading. It is crucial to conduct thorough research and consider market conditions before investing.
This evaluation is generated from Seshaasai Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Seshaasai Technologies IPO GMP today?
Seshaasai Technologies IPO GMP today is +₹40.0 (9.46%), indicating an estimated listing price of ₹463. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Seshaasai Technologies IPO?
The price band of Seshaasai Technologies IPO is ₹402.0–₹423.0 per share.
When does Seshaasai Technologies IPO open and close?
Seshaasai Technologies IPO opens on 23 September 2025 and closes on 25 September 2025.
When does Seshaasai Technologies IPO list on the stock exchange?
Seshaasai Technologies IPO listed on 30 September 2025 at ₹463.0.
What is the lot size for Seshaasai Technologies IPO?
The lot size for Seshaasai Technologies IPO is 35 shares, requiring a minimum investment of ₹14,805.
What is the lot size for this IPO?
The lot size for Seshaasai Technologies IPO is 35 shares.
What is the minimum investment required?
The minimum investment required is ₹14,805.
What is the price band for the IPO?
The price band for the IPO is ₹402 to ₹423.
When does the IPO open and close?
The IPO opens on 23 September 2025 and closes on 25 September 2025.
What does GMP stand for?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Sep 2025
Close
25 Sep 2025
Allotment
26 Sep 2025
Listing
30 Sep 2025
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