Incorporated in 1993 as Seshasai Business Forms Private Limited, the company was rebranded as Seshaasai Technologies Limited in 2024 to reflect its primary business. It is a technology-driven, multi-location solutions provider focused on offering payments, communications, and fulfillment solutions primarily to the banking, financial services, and insurance (BFSI) industry, with data security and compliance at the core of its offerings.
The company also offers Internet of Things (IoT) solutions to a diverse set of customers across industries, and is one of the largest manufacturers of cheque leaves in India.
IPO schedule
Issue open date
2025-09-23
Issue close date
2025-09-25
UPI mandate deadline
2025-09-25 (5 PM)
Allotment finalization
2025-09-26
Refund initiation
2025-09-29
Share credit
2025-09-29
Listing date
2025-09-30
Mandate end date
2025-10-10
Lock-in end date for anchor investors (50%)
2025-10-26
Lock-in end date for anchor investors (remaining)
2025-12-25
Financials
Financial Year Ended
March 2023
March 2024
March 2025
Total Assets
782.54
958.60
1160.39
Revenue
1163.83
1569.67
1473.62
Profit After Tax
108.09
169.27
222.32
Issue size
Funds Raised in the IPO
Amount
Overall
₹813.07 crores
Fresh Issue
₹480 crores
Offer for sale
₹ 333.07 crores
Utilisation of proceeds
Purpose
INR crores (%)
Capital expenditure
197.91 (41.21%)
Repayment/prepayment of outstanding liabilities
300 (62.5%)
General corporate proceeds
-
Strengths
Leads the regulated payment and communication solutions industry.
Offers customisable and scalable solution portfolios.
Utilises proprietary technology for bespoke solutions.
Operates advanced manufacturing across India.
Maintains strong financial performance with experienced leadership.
Risks
Revenues are vulnerable to reduced demand in BFSI verticals.
Operations could be disrupted by raw material supply issues.
Dividend consistency depends on future earnings and economic factors.