Seshaasai Technologies Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Seshaasai Technologies Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹423
Per ShareLot Size
35 Shares
Minimum Investment
₹14,805
Issue Size
₹813.07 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Seshaasai Technologies Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
93.21%
Promoter Holding (Post-Issue)
81.81%
Issue Type
Book Building
ISIN
INE04VU01023
About the Company
We are a technology driven multi-location solutions provider offering payments solutions, communications and fulfilment solutions and IoT solutions. Under payment solutions, we offer a range of payment enabling instruments such as, debit cards, credit cards, pre-paid cards, mass transit cards and cheques. Under communications and fulfilment solutions, we offer secured omni-channel communication solutions such as print, interactive portable document format sent via email and text messages. Our IoT Solutions encompass a comprehensive range of radio frequency identificationenabled offerings and IoT ecosystem services.
Industry Overview
The Payments cards market in India, valued at Rs. 9,071 million in 2020, expanded to Rs. 30,804 million in 2024. The total number of payment cards in circulation in India, encompassing credit cards, debit cards, and PPIs, stood at 1,083 million units in 2020. By 2024, this figure had increased to 1,403 million units and is anticipated to grow to 2,225 million units by 2030, with an expected CAGR of 8.0% from 2024 to 2030. The payments card manufacturing industry has high entry barriers due to significant capital requirements, stringent regulatory standards, technological expertise, and the dominance of established players. The global RFID market, valued at approximately Rs. 1,338.5 billion in 2024, is projected to grow at a 11.9% CAGR and reach Rs. 2,631.1 billion by 2030.
Company History
Our Company was originally incorporated as "Seshasai Business Forms Private Limited" at Mumbai as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 17, 1993 by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Pursuant to the approval accorded by our Shareholders at their extra-ordinary general meeting held on January 16, 2006, the name of our Company was changed to "Seshaasai Business Forms Private Limited" and a fresh certificate of incorporation consequent to change of name was issued by the RoC on February 14, 2006. Pursuant to the Scheme of Arrangement approved by the National Company Law Tribunal vide order dated February 8, 2024 ("Scheme of Arrangement"), our Company was converted from a private limited company to a public limited company and consequent upon conversion, the name of our Company was changed to "Seshaasai Business Forms Limited" and a certificate of change of name dated October 14, 2024 was issued by the RoC. The name of our Company was further changed to "Seshaasai Technologies Limited" as part of the corporate rebranding of our Company to reflect the principal business being undertaken by our Company in terms of the Scheme of Arrangement, and a fresh certificate of incorporation consequent upon change of name was issued to our Company by the RoC on November 25, 2024.
Products & Services
- The Company is a technology driven multi-location solutions provider offering payments solutions, communications and fulfilment solutions and IoT solutions.
Growth Strategy
- Consolidate Leadership Position in Payment Solutions.
- Expand Offerings in the IoT and RFID Space.
- Increase Wallet Share from Customers.
- Focus on Entering into International Markets.
- Focus on Inorganic Growth through Strategic Acquisitions.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 19,226,541 equity shares of face value of Rs. 10/- each ("Equity Shares") of Seshaasai Technologies Limited ("Company" or "Issuer") for cash at a price of Rs. 423 per equity share (Including a Share Premium of Rs. 413 per Equity Share) ("Offer Price") aggregating up to Rs. 813.07 crores (The "Offer") comprising of a fresh issue of up to 11,347,588 equity shares of face value of Rs. 10/- each aggregating up to Rs. 480.00 crores ("Fresh Issue") and an offer for sale of up to 7,874,015 equity shares of face value of Rs. 10/- each ("Offered Shares") aggregating up to Rs. 333.07 crores comprising up to 3,937,007 equity shares aggregating up to Rs. 166.54 crores by Gautam Sampatraj Jain and up to 3,937,008 equity shares aggregating up to Rs. 166.54 crores by Pragnyat Pravin Lalwani ("Promoter Selling shareholders" and such offer for sale of equity shares by the promoter selling shareholders, the "Offer for Sale"). The offer shall constitute 11.88 % of the post-offer paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established Leadership Position in the Large and Regulated Payment Solutions, and Communication and Fulfilment Solutions Industry with High Barriers to Entry.
- Comprehensive Portfolio of Customizable and Scalable Solutions.
- Proprietary Technology Stack Enabling Bespoke Solutions.
- Pan-India Advanced Manufacturing Capabilities.
- Track Record of Healthy Financial Performance.
- In Fiscals 2025, 2024 and 2023, we serviced 702, 476 and 355 customers, respectively. We generate a significant portion of our revenues from a limited number of customers, and any loss or reduction of business from these customers could reduce our revenues and adversely affect our business, results of operations, financial condition, and cash flows.
- Its revenues are dependent on a limited number of industry verticals, and any decrease in demand for the company services in these industry verticals could reduce its revenues and adversely affect the company business, results of operations, financial condition, and cash flows.
- Its contracts with customers subject it to extensive compliance requirements. Failures to comply with the terms of these contracts may lead to breach of the termination of the contracts and action against it for breach, which may adversely affect the company business, results of operations and financial condition.
- The company is exposed to the risks of providing solutions and services to the government projects /institutions and public sector enterprises.
- Failures of its information technology infrastructure or any breach of the company information technology systems may adversely affect its business, results of operations and financial condition.