Seshaasai Technologies IPO Day 1: Check Subscription Status, GMP & Key Highlights
Seshaasai Technologies Ltd opened its Initial Public Offering (IPO) today, September 23, 2025. The bidding window for Seshaasai Technologies IPO will be opened till September 25, 2025, for public subscription. The allotment process for the IPO is expected to be finalised on September 26, 2025, and the company’s shares will be listed on both BSE and NSE. The tentative listing date is fixed as September 30, 2025.
Seshaasai Technologies IPO Day 1 Subscription Status
[September 23, 2025, 10:26 A.M]
On Day 1, the Seshaasai Technologies IPO saw a subscription of 0.08 times so far, as per the NSE data. The IPO was subscribed 0.10 times in the Retail Individual Investors (RII) category, 0.13 times in the Non-Institutional Investors (NII) category, 0.11 times in the Employee category and 0 times in the Qualified Institutional Buyers (QIB) category.
Seshaasai Technologies Ltd- IPO Details
Seshaasai Technologies IPO is a bookbuilding of ₹813.07 crores. The issue is a combination of fresh issue of 1.13 crore shares aggregating to ₹480.00 crores and offer for sale (OFS) of 0.79 crore shares aggregating to ₹333.07 crores. The issue price band is set at ₹402 to ₹423 per share.
The minimum lot size for an application is 35, and the minimum investment amount required by a retail investor is ₹14,070 (35 shares).
IIFL Capital Services Limited (formerly known as IIFL Securities Limited), ICICI Securities Limited and SBI Capital Markets Limited are the book running lead manager, and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the issue.
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Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Funding capital expenditure for the expansion of existing manufacturing units.
- Repayment and / or prepayyment, in part or in full, of certain outstanding borrowings of the Company.
- General Corporate purposes.
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Seshaasai Technologies Ltd - GMP Details
According to Livemint, the Grey Market Potential (GMP) of Seshaasai Technologies Ltd stood at ₹88 as of September 23, 09:24 a.m. The estimated listing price is expected to be ₹511 based on the upper price band of ₹423. The expected percentage gain per share is 20.80%.
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Source: Livemint Media Report dated September 23, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
About Seshaasai Technologies Ltd
Seshaasai Technologies Ltd is a technology-driven, multi-location solutions provider serving primarily the Banking, Financial Services & Insurance (BFSI) sector. Its offerings are divided into three verticals: Payment Solutions (credit/debit cards, sustainable & biometric cards, cheque leaves, metal cards etc.), Communication & Fulfilment Solutions (customer documents, statements, policy docs, secure printing) and IoT Solutions (RFID tags, QR/NFC solutions, labels).
Financially, Seshaasai reported a revenue of ₹1,463.2 crore in FY25 with a Profit After Tax (PAT) of ₹222.3 crore.
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