Seshaasai Technologies Limited
ListedMainboardInformation 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
₹43
+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 12 days ago
Overall Subscription
64.79x
Total Demand
QIB Multiplier
175.52x
Institutions & Funds
NII / HNI
49.95x
High Net-Worth
Retail (RII)
8.33x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 3,832,396 | 672,659,330 | 175.52x |
| NIB | 2,875,408 | 143,634,610 | 49.95x |
| HNIs(10L +) | 1,916,938 | 102,385,745 | 53.41x |
| HNIs (2-10L) | 958,469 | 41,248,865 | 43.04x |
| RETAIL | 6,709,285 | 55,919,780 | 8.33x |
| EMPLOYEES | 52,219 | 451,535 | 8.65x |
| Total | 16,344,715 | 1,016,299,865 | 64.79x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 191,694 | 1,438,285 | 7.50x |
| EMPLOYEES | — | 8,060 | 0.00x |
| HNIs(10L +) | 135 | 42,386 | 313.97x |
| HNIs (2-10L) | 1,956 | 82,590 | 42.22x |
| Total Applications | 193,785 | 1,571,321 | 8.11x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Seshaasai Technologies Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is Seshaasai Technologies Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Seshaasai Technologies Limited IPO is ₹43 per equity share. Based on the upper price band of ₹402 to ₹423 per equity share, the estimated listing price is ₹466 (+10.2% expected listing gain).
What is the expected profit per lot for Seshaasai Technologies Limited IPO?
With a lot size of 35 shares and current GMP of ₹43, the expected profit per application lot is approx ₹1,505 (+10.2% gain). Minimum application cost is approx ₹14,805.
What is the issue size and price band for Seshaasai Technologies Limited IPO?
The Seshaasai Technologies Limited IPO aggregate issue size is ₹813.07 Crores with an equity price band set at ₹402 to ₹423 per equity share. The retail lot size is 35 shares requiring a minimum capital outlay of approx. ₹14,805.
How can I check Seshaasai Technologies Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 64.79x (Retail: 8.33x, QIB: 175.52x, NII: 49.95x). You can track live multiples directly on our dedicated subscription page.
Where and when will Seshaasai Technologies Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd (MUFG)) and the BSE status verification website on or around 2025-09-26. Investors can verify status using PAN card or application number.
When is the listing date for Seshaasai Technologies Limited IPO?
Seshaasai Technologies Limited shares are scheduled to list on NSE and BSE on 2025-09-30.