Payments solutions provider Seshaasai Technologies has launched its ₹813-crore IPO for public subscription, with shares priced in the range of ₹402 to ₹423. The IPO consists of a fresh issue valued at ₹480 crore and an offer-for-sale (OFS) component involving 78.74 lakh shares, estimated at ₹333 crore. The bidding period extends until Thursday.
Investors can apply for a minimum of 35 equity shares. The allocation for the IPO is segmented as follows: 50 percent for qualified institutional buyers (QIBs), 35 percent for retail investors, and the remaining 15 percent for non-institutional investors. Additionally, the company offers a discount of ₹40 per share to its employees.
On Monday, Seshaasai Technologies raised over ₹243.3 crore from anchor investors, including Nippon India Mutual Fund, ICICI Prudential Mutual Fund, UTI Mutual Fund, Motilal Oswal Mutual Fund, Sundaram Mutual Fund, and Tata AIG General Insurance Company.
The proceeds from the fresh issue will be utilized as follows: ₹198 crore for the expansion of existing manufacturing units, ₹300 crore towards debt repayment, and the remainder for general corporate purposes.
Seshaasai Technologies is a technology-driven provider of multi-location payment solutions, communications, and fulfilment services. The company specializes in designing and developing instruments such as debit cards, credit cards, prepaid cards, mass transit cards, and cheques, securely embedding customer data and distributing these items to end consumers.
In fiscal 2025, the company’s revenue from operations reached ₹1,463.15 crore, while its profit after tax amounted to ₹222.32 crore.
The book-running lead managers for this issue are ICICI Securities, SBI Capital Markets, and IIFL Capital Services.
Published on September 23, 2025.
