Seshaasai Technologies IPO to open on Sept 23: Check price band, issue size, key dates and more

Seshaasai Technologies Ltd will hit Dalal Street on Tuesday, September 23, 2025, to raise ₹813.07 crore through its initial public offering (IPO). The issue will close on September 25. The price band has been set at ₹402 to ₹423 per share.

The initial share sale consists of 1.13 crore new equity shares worth ₹480 crore and an offer for sale (OFS) of ₹333.07 crore by promoters Pragnyat Pravin Lalwani and Gautam Sampatraj Jain.

The objectives of the fresh issue proceeds include funding capital expenditure for expanding sting manufacturing facilities, repayment of certain outstanding borrowings and corporate general purposes.

Seshaasai Technologies IPO: Lot size

Retail investors can apply for a minimum of 35 shares. Half of the net offer has been reserved for qualified institutional buyers, 35% for retail individual investors and 15% for non-institutional investors.

Seshaasai Technologies timeline: Allotment and listing date

IIFL Capital Services, SBI Capital Markets and ICICI Securities are the IPO's book-running lead managers, while MUFG Intime India serves as the registrar.

About Seshaasai Technologies

Seshaasai Technologies is a technology-driven multi-location solutions provider, offering payments and communications and fulfilment solutions primarily to the banking, financial services and insurance industry. It also provides Internet of Things (IoT) solutions to an array of customers across industries.

It is one of the top two payment card makers in India, with a market share of 31.9% in the financial year 2024-25 for credit and debit card issuance in India. It is also among the largest manufacturers of cheque leaves in the country.

Seshaasai Technologies IPO: Financials