Seshaasai Technologies IPO Details

Introduction

Few firms sit at the intersection of trust, technology, and critical infrastructure quite like Seshaasai Technologies. Established in 1993, the company engineers everything from payment cards and wearables to omnichannel banking communications and IoT-powered supply chains. Its card and security platforms underpin daily transactions for millions—often behind the scenes.

With over 24 certified manufacturing units and proprietary tech at the heart of its products, Seshaasai has become a backbone player for India’s BFSI sector. Its next move: a ₹813 crore IPO that blends fresh capital with a partial promoter exit, scheduled for September 23–25, 2025.

IPO Details at a Glance

• Issue Size: ₹813.07 crore (Fresh issue ₹480 crore; OFS ₹333 crore)
• Price Band: ₹402–₹423/share
• Bidding Window: September 23–25, 2025
• Lot Size: 35 shares (Minimum retail application: ₹14,805)
• Max retail application: 13 lots (₹1,92,465, 455 shares)
• Listing Date: September 30, 2025 (NSE, BSE)
• Book Running Lead Manager: IIFL Capital
• Registrar: MUFG Intime

Company Financials :-

 

Seshaasai Technologies Ltd.'s revenue decreased by 6% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2025 and March 31, 2024.

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
Amount in ₹ Crore

Objects of the Issue :-

The Company Seshaasai Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue	Expected Amount (₹ in crores)
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

 

Market Position & Outlook :-

• Market Leadership: Second-largest payment card manufacturer in India with over 31% market share in FY25. Its technology is trusted by national banks, mutual funds, insurers, and retail giants.
• Full-Spectrum Solutions: Not just cards—Seshaasai delivers secure fulfilment, omnichannel banking statements, data reconciliation, and IoT tracking.
• Global Standards: Accredited by NPCI, PCI, and IBA for cyber and physical security—key for managing financial flows.

Its blend of recurring enterprise contracts and tech-first engineering is tough to replicate. Yet Seshaasai faces risks from customer concentration, compliance demands, and occasional government exposure.

 

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email. 

FAQs :-

Q: When can retail investors apply for Seshaasai Technologies IPO?
Applications open September 23–25, 2025, with a minimum lot of 35 shares.

Q: How much money must I invest at minimum?
₹14,805 for one lot at the upper price band.

Q: Is Seshaasai profitable?
Currency, yes—PAT margin sits above 15%, with ROE near 35% in FY25.

Q: What will fresh funds be used for?
Debt repayment, manufacturing upgrades, working capital, and corporate needs—OFS funds go to selling shareholders.

Q: What are top risks for Seshaasai?
High dependence on a handful of BFSI customers, exposure to public sector policy changes, and IT system vulnerabilities.

Q: Where does Seshaasai operate?
Pan-India with global-grade facilities for clients across finance, insurance, logistics, and retail.