Seshaasai Technologies IPO GMP: Payment Solutions Provider’s Public Issue Opens Today- Know Key Details From RHP

Seshaasai Technologies IPO: Seshaasai Technologies public issue opened for subscription. The bidding window for Seshaasai Technologies IPO will remain open from September 23 to September 25. Here’s a look at key details of Seshaasai Technologies IPO from the company’s red herring prospectus (RHP):

Seshaasai Technologies IPO GMP

Seshaasai Technologies IPO grey market premium (GMP) is ranging around Rs 88 per share on the first day of subscription according to various websites which track the demand for shares of unlisted companies. Based on the GMP of Rs 88, shares of Seshaasai Technologies Ltd are expected to debut at Rs 511 per share, indicating potential listing gains of over 20.8 per cent.

Seshaasai Technologies IPO: Subscription Update

Seshaasai Technologies IPO has been subscribed to 31 per cent so far on the first day of subscription. Investors across categories have applied for 4.24 million shares compared to the 13.76 million shares offered for subscription. Retail investors have booked their quota in Seshaasai Technologies IPO 41 per cent by applying for 2.8 million shares compared to the 6.91 million shares offered for subscription.

Non-institutional investors have subscribed to their quota of 47 per cent by applying for 1.38 million shares compared to the 2.96 million shares offered for subscription. The payment solutions provider has reserved 3.82 million shares for qualified institutional buyers. Employees of the company subscribed to their quota in Seshaasai Technologies 87 per cent by applying for 48,020 shares compared to the 55,248 shares offered for subscription.

Seshaasai Technologies IPO: Offer Size, Listing Date, Price Band

Seshaasai Technologies Ltd seeks to raise Rs 813.07 crore through its public issue, which consists of a fresh issue of 11.3 million shares amounting to Rs 480 crore and an offer for sale of 7.9 million shares aggregating to Rs 333.07 crore.

Seshaasai Technologies IPO price band has been set between Rs 402 and Rs 423 per share. Retail individual investors can place bids for a minimum of 1 lot comprising 35 shares, amounting to an investment of Rs 14,805.

Seshaasai Technologies IPO share allotment status is likely to be finalised on September 26. Once the share allotment status of Seshaasai Technologies IPO is decided, successful bidders will receive shares of Seshaasai Technologies in their demat accounts on September 29. Shares of Seshaasai Technologies will tentatively list on the BSE and NSE. Seshaasai Technologies IPO listing date is September 30.

Seshaasai Technologies: Key Financials

Seshaasai Technologies Ltd consolidated total income for the fiscal ended March 31, 2025 stood at Rs 1473.62 crore declining by over 6 per cent compared to Rs 1569.67 crore in the fiscal ended March 31, 2024. On the other hand the company’s profit-after-tax increased by over 31 per cent to Rs 222.32 crore in FY25 compared to Rs 169.28 crore in the preceding fiscal.

Seshaasai Technologies: Peers

Seshaasai Technologies does not have any direct peers as per its RHP. However, the company competes with payment solutions providers and card manufacturers such as Manipal Technologies Ltd and Giesecke+Devrient (G+D) India Private Ltd. Since the company also offers communication solutions to companies within the BFSI space, it also competes with the in-house communication departments of banks and financial institutions.

Seshaasai Technologies: Business Model

Seshaasai Technologies is a multi-location solutions provider. The company provides payment solutions, communications, fulfilment solutions and IoT solutions to its clients. The company offers payment solutions for debit cards, credit cards, pre-paid cards, mass transit cards and cheques. The company also offers communications and fulfilment solutions to its clients.

Seshaasai Technologies IPO: Risks and Strengths

Here’s a look at some of the key risks related to Seshaasai Technologies’s business according to the company’s RHP:

• Seshaasai Technologies mentioned in its RHP that it earns a significant portion of its revenues from a limited number of customers, thus any loss or reduction of business from the customers could reduce the company’s revenues.

• The payment solutions provider disclosed in the prospectus that its revenues are dependent on a limited number of industry verticals, thus any decrease in demand for the company’s services can negatively impact revenues.

• Seshaasai Technologies said that failure of its information technology infrastructure or any breach of its information technology systems can also adversely affect its business.

Here’s a look at some of the key strengths of Seshaasai Technologies according to the company’s RHP:

• Seshaasai Technologies claims to have an established leadership position in the large and regulated payment solutions and communication and fulfilment solutions industry.

• Seshaasai Technologies claims to have a comprehensive portfolio of customisable and scalable solutions as per the RHP.

• The payments solutions provider has advanced manufacturing capabilities in pan-India as per the company’s RHP.

Seshaasai Technologies IPO: Objective

Seshaasai Technologies plans to use the money raised via the public issue to fund its capital expenditure for the expansion of manufacturing units, repayment of borrowings, and other general corporate purposes.