seshaasai technologies limited

seshaasai technologies limited

STYL • ISIN: INE04VU01023

BSE, NSE

Listing Price: ₹432

+2.13% Gain
About Company

Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider, specializing in payment solutions, as well as communications and fulfilment services, primarily catering to the banking, financial services, and insurance (BFSI) industry.

The company offers scalable, recurring solutions through proprietary platforms, enabling BFSI sector operations in India. Additionally, it provides IoT solutions to a diverse range of customers across various industries.

The company offers a customized portfolio of services through 24 self-sustaining manufacturing units across seven locations in India, equipped with advanced machinery, raw materials, and skilled workforce to meet local requirements.

The company’s units are certified by global payment schemes, NPCI, PCI, and IBA for payment card production, data security, and cheque manufacturing, ensuring compliance with IT, cyber, and physical security standards.

Business Operation:

Payment Solutions: The company offers payment instruments like debit, credit, prepaid, and transit cards, wearables, merchant QRs, cheques, and secured transaction stationery to banks, fintech, and other issuers in the public and private sectors.
Communication and Fulfilment Solutions: The company offers omni-channel communication solutions via its Rubic platform, providing print and digital services for banks, insurance companies, AMCs, depositories, and financial institutions, including account statements, compliance communication, and customer requests in physical or digital formats.
IoT Solutions: The company offers IoT-powered RFID and NFC solutions, including passive RFID tags, labels, and readers, to optimize supply chain management, product authenticity, and real-time data across industries like retail, manufacturing, and logistics.

Technology Platforms:

RUBIC: RUBIC is a data processing platform that personalizes outputs, integrates with systems, and supports secure communication and IoT solutions.
eTaTrak: eTaTrak is an AI-powered logistics solution that tracks deliveries in real-time, ensuring accurate billing and enhanced service delivery.
IOMS: IOMS is a web-based order and inventory management platform, streamlining ordering processes and reducing costs by consolidating transactions.

As of June 30, 2025,the company had 862 permanent employees.

Competitive Strengths:

Established Leadership Position in the Large and Regulated Payment Solutions Industry with High Barriers to Entry
Long Standing Relationships with a Large Customer Base
Comprehensive Portfolio of Customizable and Scalable Solutions
Proprietary Technology Stack Enabling Bespoke Solutions
Pan-India Advanced Manufacturing Capabilities
Track Record of Healthy Financial Performance
Experienced Promoters and Senior Management Team backed by Committed Employee Base.

Investment Objective

Funding capital expenditure for the expansion of existing manufacturing units

Repayment and / or prepayyment, in part or in full, of certain outstanding borrowings of the Compan

General corporate purposes

₹402 to ₹423

Price Band

813.07 Cr

Issue Size

14.8K

Min Investment

35 shares

Lot Size

30.79x

P/E Ratio

Important Dates

Issue Opens

23 Sept 2025

Issue Closes

25 Sept 2025

Allotment

25 Sept 2025

Listing

29 Sept 2025

Subscription Status
QII

Qualified Institutional Investors

126.15x

483,469,840 / 3,832,396 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

35.67x

68,383,175 / 1,916,938 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

28.78x

27,585,215 / 958,469 shares

Retail

Retail Individual Investors

6.07x

40,743,535 / 6,709,285 shares

Employee

Employee

5.67x

295,960 / 52,219 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹10
Lead Managers
IIFL Capital Services Ltd.
ICICI Securities Ltd.
SBI Capital Markets Ltd.
Min Quantity35
Max Quantity1,182
Company Promoters
Pragnyat Pravin Lalwani
Gautam Sampatraj Jain
Website

http://www.seshaasai.com/

Email

companysecretary@seshaasai.com

Phone+91 22 6627 0927
Address

Seshaasai Technologies Ltd.
9, Lalwani Industrial Estate,
14, Katrak Road,
Wadala (West),
Mumbai, Maharashtra, 400031