The Seshaasai Technologies IPO is one of the most-awaited offerings in September 2025. The Mumbai-based payments and IoT solutions provider is looking to raise ₹813 crore through a mix of fresh issue and offer for sale (OFS). With a strong presence in the BFSI sector, growing digital payments demand, and pre-IPO investor interest, this issue has caught the eye of both retail and institutional investors.
Seshaasai Technologies IPO Details
| Particulars | Details |
|---|---|
| IPO Size | ₹813.07 crore |
| Fresh Issue | ~₹480 crore |
| Offer for Sale (OFS) | ₹333.07 crore |
| Price Band | ₹402 – ₹423 per share |
| Lot Size | 35 shares per lot |
| Minimum Investment (Retail) | ~₹14,805 |
| IPO Open Date | 23 September 2025 |
| IPO Close Date | 25 September 2025 |
| Allotment Date (Tentative) | 26 September 2025 |
| Listing Date (Expected) | 30 September 2025 |
| Exchanges | NSE, BSE |
Company Overview
Seshaasai Technologies is a leading provider of payment solutions, secure communication, IoT and RFID products, serving mainly the BFSI sector. Its portfolio includes:
- Manufacturing of debit/credit cards, prepaid cards, and transit cards.
- Secure print communication & omnichannel document delivery.
- IoT and RFID-enabled technology solutions.
- A strong network of 24 manufacturing facilities across 7 Indian locations.
Financials (FY2025):
- Revenue: ₹1,463.15 crore
- Profit After Tax: ₹222.32 crore
Also Read: GK Energy IPO GMP Today, Subscription Status, Price, Allotment
Objectives of the IPO
- ₹198 crore for capital expenditure to expand manufacturing capacity.
- ₹300 crore to repay/prepay borrowings.
- Remaining funds for general corporate purposes.
Subscription Status
Investor category reservations:
- QIBs: 50%
- Retail Investors: 35%
- Non-Institutional Investors (NIIs): 15%
- Employees: Reserved portion with discount
Strong anchor investor interest has already been reported, with institutions like Tata AIG participating in pre-IPO funding.
Strengths of Seshaasai Technologies
- Leadership in secure payments and fintech infrastructure.
- Strong client base in the BFSI sector.
- Healthy profitability and revenue growth.
- Diversification into IoT and RFID products.
Risks to Consider
- High dependence on BFSI clients and government regulations.
- Competitive sector requiring continuous R&D investment.
- IPO valuations are on the higher side (P/E ~28×).
Should You Invest?
- For short-term investors: Watch subscription numbers closely before applying.
- For long-term investors: A good opportunity to tap into India’s growing digital payments and IoT market, though sector risks must be considered.
- Conservative investors may prefer to wait for the listing before entering.
Key Dates for Investors
- IPO Open: 23 September 2025
- IPO Close: 25 September 2025
- Allotment Finalisation: 26 September 2025
- Refunds & Demat Credit: 29 September 2025
- Listing Date: 30 September 2025
Conclusion
The Seshaasai Technologies IPO 2025 looks promising, backed by strong financials, an established presence in payment solutions, and expansion into IoT. While valuation is slightly premium, the sector’s long-term growth potential could justify it. Investors with medium-to-long-term horizons may find this IPO attractive.
Share
