
Information Technology · NSE / BSE
Seshaasai Technologies Limited, founded in 1993, is a multi-location technology solutions provider specializing in payment solutions, communication, and fulfilment services, primarily for the BFSI sector. The company is among India’s top two payment card manufacturers with a 34.5% market share in FY 2024 and is also a leading producer of cheque leaves. With 24 manufacturing units across seven locations, it delivers debit, credit, prepaid and transit cards, wearables, merchant QRs, cheques, and secure stationery, alongside omni-channel communication services through its Rubic platform. It also provides IoT solutions like RFID and NFC tags for supply chain, authenticity, and real-time tracking, supported by proprietary platforms such as Rubic, eTaTrak, and IOMS. Certified by global payment schemes, NPCI, PCI, and IBA, the company ensures compliance with stringent security standards and, as of November 2024, employed 817 people.
Price Band
₹402 – ₹423
Issue Size
₹813 Cr
Lot Size
35 shares
GMP
+10.2%
Est. Listing
₹466
at current GMP
Subscribed
64.79x
overall
Open
23 Sep 2025
Close
25 Sep 2025
Allotment
26 Sep 2025
Refund
27 Sep 2025
Demat Credit
28 Sep 2025
Listing
30 Sep 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹423
Band: ₹402 – ₹423
Estimated Listing Price
₹466
Upper price + GMP
Lot Size
35 shares
Min investment ₹14,805
Estimated Profit / Lot
₹1,505
35 × ₹43
Grey Market Premium trend
+₹43
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹43 | 10.2% | ₹466 |
| 30 Oct 2026 | +₹43 | 10.2% | ₹466 |
| 29 Oct 2026 | +₹39 | 9.2% | ₹462 |
GMP is unofficial market data. Not a guarantee of listing performance.
Seshaasai Technologies Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹813.07 Crores. The shares are offered at a price band of ₹402 to ₹423 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-09-25, the basis of allotment is scheduled to be finalized on 2025-09-26. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Ltd (MUFG)) or the BSE allotment checking window.
The latest grey market premium for Seshaasai Technologies Limited IPO is ₹43, which indicates an expected listing price of ₹466.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.