Seshaasai Technologies: Price, Analysis, Allotment And GMP

Seshaasai Technologies IPO - Company Analysis

Seshaasai Technologies IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 813.07 Cr (~1.92 Cr Shares) by Seshaasai Technologies Ltd., which was incorporated in 1993 and offers innovative Continuity of Business Solutions across multiple industries such as BFSI, Government, Telecom, Retail, and Logistics. 

They serve these industries with unique products and services in the areas of secure documents, IT, and supply chain automation. Their innovations in secure prints and digital transforms make them leaders in the industry. Furthermore, they provide advanced IT solutions to enterprises and end-to-end supply chain automation all across India.

 

Services

 

Seshaasai Technologies IPO Details

The Seshaasai IPO open date is from Sep 23 to Sep 25, with IPO allotment on Sep 26, refund initiation on Sep 29, 2025.

The Rs. 813.07 Cr mainline IPO comprises a combination of fresh issue of 1.13 crore shares (Rs. 480 Cr) and an offer for sale of 0.79 crore shares (Rs. 333.07 Cr). 

The Seshaasai Technologies IPO listing date might be on Tuesday, 30 September 2025, and it will be listed at the BSE and NSE. The Seshaasai Technologies IPO price band is Rs. 402 to Rs. 423 for each Share. 

Events	Date
IPO Opening Date	Sep 23, 2025
IPO Closing Date	Sep 25, 2025
IPO Allotment Date	Sep 26, 2025
Refund Initiation	Sep 29, 2025
Tentative IPO Listing Date	Sep 30, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	1,160.39	958.41	782.54
Total Revenue	1,473.62	1,569.67	1,153.84
PAT	222.32	169.28	108.10
EBITDA	370.37	303.01	207.43
Net Worth	669.67	465.58	321.64
Total Borrowing	378.68	350.24	311.99

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	1,681.2	1,995.9	500.7
Net Cash Flow Investing Activities	-1,132.2	-1,111.4	-713.1
Net Cash Flow Financing Activities	-340.3	-318.5	387

 

Revenue Bifurcation

Segment-wise Revenue Breakdown

 

Sector-wise Revenue Breakdown

(Source RHP)

 

Objectives of the Issue

• Financing capital expenditures for the expansion of current industrial facilities. ~ Rs. 197.91 Cr.

• Partial or complete repayment of some of the company's outstanding debts. ~ Rs. 300 Cr.

• General corporate purposes.

 

Click to check the IPO application status.

Listed Peers of Seshaasai Technologies Limited

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

 

Valuation

Metric	Value
ROE	34.84%
ROCE	31.87%
Debt/Equity	0.37
RoNW	33.20%
PAT Margin	15.09%
EBITDA	25.13%
Price to Book Value	13.41

            

 

Evaluation of P/E Ratio

Considering the period of FY 2025, with an EPS of Rs. 15.06 from the last year, the resulting P/E ratio is 28.08x.  

 

Explore the Ivalue Infosolutions IPO.

 

IPO Strengths

• Cash flows from operations continue to be strong and the asset base is increasing.  

• Product lines are diverse: secure print, digital, SaaS, IoT.

• Reputation is long in the tooth and deep in the business; it can protect client relations and tech-infest.  

• Revenue and profit streams have increased multi-year potential.  
  
  

IPO Weaknesses

• The BFSI, government contracts, and regulations are the core reliance sectors.  

• The net worth is moderate enough to offset the debt, which can be considered an asset.  

• The risk is that technology in competition on digital platforms can become obsolete.  

 

Seshaasai Technologies GMP 

Seshaasai Technologies IPO GMP today is Rs. 107 as of 19 Sep 2025, while writing this information. Hence, the Seshaasai Technologies IPO listing price (estimated) might be Rs. 530 (upper price + current GMP or grey market premium).

 

Seshaasai Technologies IPO Summary

IPO Opening & Closing Date	Sep 23, 2025 to Sep 25, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 402 to Rs. 423
Lot Size	35 Shares
Issue Size	1,92,21,603 Shares (Rs. 813.07 Cr)
Offer for Sale	78,74,015 Shares (Rs. 333.07 Cr)
Fresh Issue	1,13,47,588 Shares (Rs. 480 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Pvt. Ltd.

 

 

Seshaasai Technologies IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (35 Shares) amounting to Rs. 14805 and 13 Lots (455 Shares) amounting to Rs. 1,92,465, respectively, while for S-HNI investors, the minimum Lot is 14 (490 Shares) amounting to Rs. 2,07,270.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	67 Lots
BHNI (Minimum)	68 Lots

 

Seshaasai Technologies IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Seshaasai Technologies IPO Allotment Status

To check the Seshaasai Technologies IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Seshaasai Technologies Ltd.

• Pragnyat Pravin Lalwani.

• Gautam Sampatraj Jain.

Pre-Issue Promoter Shareholding	93.21%
Post-Issue Promoter Shareholding	-

 

Seshaasai Technologies IPO Lead Managers  

• IIFL Capital Services Ltd.  

 

 

Dividend Policy 

The company has paid a dividend of Rs. 1.15, Rs.  6.10, Rs. 8.44 in the FY25, FY24, and FY23, respectively.

 

Conclusion 

The Seshaasai IPO brings to public investors a technology-centred, born-digital company. With a track record that spans multiple decades, solid financials, and expertise in the sector, the company is well-positioned for growth. There are, however, risks that are intrinsic to the sector, and the competition in technology that should be weighed carefully.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.