About Seshaasai Technologies:
The company is a technology-driven, multi-location solutions provider offering payment solutions, communication and fulfilment solutions, and IoT solutions. Within payment solutions, it provides a variety of payment-enabling instruments, including debit cards, credit cards, prepaid cards, mass transit cards, and cheques. Its communication and fulfilment solutions include secured omni-channel communication offerings such as print, interactive PDF formats, email, and text messages. In the IoT segment, the company delivers a comprehensive portfolio of RFID-enabled products along with IoT ecosystem services.
About the Industry in which Seshaasai Technologies operates:
The payments cards market in India grew from ₹9,071 million in 2020 to ₹30,804 million in 2024. The number of cards in circulation, including credit cards, debit cards, and PPIs, rose from 1,083 million units in 2020 to 1,403 million units in 2024 and is projected to reach 2,225 million units by 2030, at a CAGR of 8.0%. The card manufacturing industry faces high entry barriers due to capital intensity, regulations, and dominance of established players. Meanwhile, the global RFID market is expected to grow from ₹1,338.5 billion in 2024 to ₹2,631.1 billion by 2030, at a CAGR of 11.9%.
| Important Information and Timelines of the IPO of Seshaasai Technologies: | |
|---|---|
| Open Date | 23 September 2025 |
| Close Date | 25 September 2025 |
| Total Issue Size – Number of Shares | 19221603 |
| Minimum Bid Price | 402 |
| Maximum Bid Price | 423 |
| Lot Size | 35 |
| Basis of Allotment | 26 September 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 29 September 2025 |
| Listing Date | 30 September 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Seshaasai Technologies:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 35 | 14805 |
| Retail – Maximum | 13 | 455 | 192465 |
| sHNI – Minimum | 14 | 490 | 207270 |
| sHNI – Maximum | 67 | 2345 | 991935 |
| bHNI – Minimum | 68 | 2380 | 1006740 |
Objective of the IPO of Seshaasai Technologies:
-
Funding capital expenditure for the expansion of existing manufacturing units.
-
Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company.
-
General corporate purposes.
Financials of Seshaasai Technologies:
| Particulars | Fiscal 2025 (Consolidated) | Fiscal 2024 (Standalone)* | Fiscal 2023 (Standalone)* |
|---|---|---|---|
| Equity Share Capital (₹ in million) | 1,476.17 | 1,476.17 | 888.17 |
| Total Equity (₹ in million) | 6,381.39 | 4,340.46 | 2,901.08 |
| Net Worth / Equity Attributable to Owners (₹ in million) | 6,696.71 | 4,655.78 | 3,216.40 |
| Revenue from Operations (₹ in million) | 14,631.51 | 15,582.56 | 11,462.99 |
| Restated Profit After Tax (₹ in million) | 2,223.20 | 1,692.78 | 1,080.98 |
| Restated Earnings per Equity Share (after split) - Basic (₹) | 15.06 | 18.55 | 12.17 |
| Restated Earnings per Equity Share (after split) - Diluted (₹) | 15.06 | 11.47 | 7.32 |
| Number of Equity Shares | 147,616,500 | 147,616,500 | 88,816,500 |
| Net Asset Value per Equity Share (Basic) (₹) | 45.37 # | 31.54 ## | 36.21 ## |
| Total Borrowings (₹ in million) | 3,786.83 | 3,502.38 | 3,119.92 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Seshaasai Technologies. You will receive a UPI mandate after 10:00 AM on 23 September 2025.
###1. How to apply for the IPO of Seshaasai Technologies on Dhan?
You can apply for the IPO of Seshaasai Technologies from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Seshaasai Technologies be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 29 September 2025. However, you will be able to see the shares of Seshaasai Technologies on Dhan before the market starts on the listing date which is 30 September 2025.