Seshaasai Technologies IPO: Strong Response from Investors and What You Need to Know
New IPOs always bring excitement to the stock market, and now investors are eyeing the Seshaasai Technologies IPO. The IPO opened on September 23, 2025, and captured investors’ attention from the very first day. While subscriptions remained flat on the first day, by the second day, the IPO received a strong response, and the subscription numbers created positive waves in the market.
Seshaasai Technologies IPO Subscription Status
On Day 1, the Seshaasai Technologies IPO received an overall subscription of 99%. According to NSE data, 1,37,67,095 shares were available for the Seshaasai Technologies IPO, but 1,36,26,445 bids were received against it. Demand was strong in the Retail Individual Investors (RII) category, with a subscription of 1.15 times. Non-Institutional Investors (NIIs) showed even greater interest, with their quota being filled 1.86 times. However, the response from Qualified Institutional Buyers (QIBs) has so far been only 1%, indicating that institutional participation was not as strong on the opening day. This clearly shows that retail and NII investors were actively participating initially.
But the maximum buzz was generated when the IPO received an overall subscription of 3.09 times by 24th September. Till this day, the IPO received bids for more than 4.25 crore shares while the offer size was only 1.37 crore shares. This surge reflects the strong confidence of investors.
Size and Price Band Details of Seshaasai Technologies IPO
The total issue size of this IPO is ₹813 crore. This includes a fresh issue of ₹480 crore and an Offer for Sale (OFS) of ₹333 crore, in which promoters Pragnyat Praveen Lalwani and Gautam Sampatraj Jain are selling 0.394 crore shares. The IPO price band is fixed at ₹402 to ₹423 per share. An investor can apply for a minimum lot of 35 shares.
The fresh issue will raise ₹480 crore, primarily for the company’s expansion and repayment of borrowings. ₹317-333 crore will be raised through the OFS for the promoters.
Business Model of Seshaasai Technologies
Seshaasai Technologies is a technology-driven multi-location solutions provider that has been active in the industry since 1993. The company’s core business is providing payment solutions and communication & fulfillment solutions. It designs and manufactures instruments such as debit cards, credit cards, prepaid cards, checks, and transit cards. It also offers data embedding and secure dispatch services.
The company relies heavily on the BFSI sector, which includes banks, financial institutions, and insurance companies. Seshaasai Technologies also provides Internet of Things (IoT) solutions. The company has introduced merchant QR codes and NFC-based “tap and pay” services to make digital payments more seamless.
Utilization of IPO Proceeds
The company will use ₹197.91 crore of the proceeds raised through the IPO to upgrade and expand its existing units. These units include facilities in Navi Mumbai, Okhla (Delhi), Nagpur, Kundli (Haryana), and Bengaluru. This expansion will primarily be for the Payments Solutions and IoT Solutions verticals.
The company will also use ₹300 crore to repay its outstanding borrowings. Prior to the IPO, in August 2025, the company had already completed a pre-IPO placement of ₹120 crore, of which ₹70 crore was utilized.
Strong Financial Performance
Financial numbers were also a positive sign for investors. Discussing the financial performance, up to the end of March 2025, the company registered a consolidated net profit of ₹222.32 crore, with the total income being ₹1,463.15 crore. These figures clearly show that the business of the company is increasing at a steady pace and its finances are solid.
On September 22, 2025, a day before the IPO, the company raised ₹243.32 crore from anchor investors. 57.52 lakh shares were allotted at ₹423 per share. The participation of anchor investors also laid a strong foundation for the IPO.
Market Sentiment Around the Seshaasai Technologies IPO
Market experts believe the Seshaasai Technologies IPO could be a long-term growth story for investors, especially since the company operates in sunrise sectors like BFSI and IoT. However, there is a risk factor—if the company loses key customers or sees revenue decline, it will have a direct impact on the business.
Despite all these factors, the overall subscription numbers of the IPO and the participation of anchor investors show the confidence of the market. Strong interest from retail investors is also becoming a major driving factor for the success of this IPO, which shows that even small investors are believing in the growth story of the company.
Conclusion on Seshasai Technologies IPO
In today’s digital and cashless economy, Seshasai Technologies‘ role becomes crucial. The company’s innovative solutions and strong linkages with the BFSI sector are positioning it for a promising future. The Seshasai Technologies IPO attracted investors from the very first day and gained strong momentum by the second day.
If you are a long-term investor, experts believe this IPO could be an interesting bet, but as always, decisions should be made after carefully considering the risks and returns.
Disclaimer:
The views and recommendations above are those of individual analysts or brokerage companies, not US News Weeks. We advise investors to check with certified experts before making any investment decisions.
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