logo
PricingOpen Demat Account at ₹0 AMCBecome a PartnerCustomer ServiceDhan SupportDhan Blog
fuzz
Logo
MadeForTrade CommunityIndicator by Dhan

Download the App Now!

raise
raise
Home
InvestmentsIPOSeshaasai Technologies IPO

Seshaasai Technologies IPO

Mainboard

Open Date

23 Sep 2025

Close Date

25 Sep 2025

Min Investment

₹ 14,070

Max Investment

₹ 5,00,000

Lot Size

35

Issue Size

₹ 813.07 Cr

Price Range

₹ 402 - ₹ 423
status

This IPO is now Live.

Click here for live price
IPO Timeline
check
IPO Offer Start
23 Sep 2025
check
IPO Offer Ends
25 Sep 2025
check
Allotment Finalisation
26 Sep 2025
check
Refund Initialisation
29 Sep 2025
check
Non-Institutional Buyers (sHNI)
29 Sep 2025
check
Listing of Shares
30 Sep 2025
IPO Subscription Details as on 8 Dec 2025, 07:28 AM
Qualified Instituational Buyers (QiB)
189.63 x
Retail
8.66 x
Employees
8.6 x
Non-Institutional Buyer (bHNI)
52.77 x
Non-Institutional Buyer (sHNI)
43.7 x
Note: This information is provided for general guidance only. Dates may be subject to change.
border
About the Company
Seshaasai Technologies Limited is a technology-driven multi-location solutions provider focused on offering payments solutions, and communications and fulfilment solutions primarily to the banking, financial services and insurance (BFSI) industry. The company also offers Internet of Things (IoT) solutions to customers across various industries. Seshaasai is one of the top two payments card manufacturers in India with a 31.9% market share in FY2025 for credit and debit card issuance. The company operates 24 manufacturing units across 7 locations in India and has the capacity to manufacture over 0.47 million cards and 1.67 million RFID tags per day. Seshaasai's key offerings include payment cards, cheques, communication solutions for banks and insurance companies, and RFID/IoT solutions. The company has proprietary technology platforms like RUBIC, eTaTrak, IOMS and izeIOT that enable its solutions.
rocket

Founded In

1993

rocket

Director

Gautam Sampatraj Jain

Financials of Seshaasai Technologies IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue1,14,629.901,55,825.601,46,315.10
Other Income754.001,141.501,046.60
Total Income
1,15,383.901,56,967.101,47,361.70
Total Expenses
1,01,070.201,33,667.401,17,870.60
Profit Before Tax14,313.7023,299.7029,491.10
Total Profit
10,809.8016,927.8022,232.00

All figures are in lakhs (₹)

border

Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
The company intends to utilize funds towards procurement and installation of equipment in existing units at Navi Mumbai, Okhla, Nagpur, Kundli, and Bengaluru to upgrade and expand manufacturing capacity for Payment Solutions and IoT Solutions verticals.1,979
The company plans to utilize funds towards pre-payment or scheduled repayment of all or a portion of certain term loans availed by the company. This will help reduce outstanding indebtedness, debt-servicing costs, improve debt-equity ratio and enable utilization of internal accruals for business growth and expansion.3,000
The company intends to deploy funds towards general corporate purposes, including meeting ongoing general corporate contingencies, expenses incurred in ordinary course of business, expenses to drive business growth, and any other purpose in the ordinary course of business as approved by the Board or a duly appointed committee.-
border
  • Established Leadership Position in the Large and Regulated Payment Solutions Industry with High Barriers to Entry: The company is one of the top two payments card manufacturers in India with a market share of 31.9% in Fiscal 2025 for credit and debit cards issuance in India, increasing from 25.0% in Fiscal 2023. It provided services to 10 of 12 public sector banks, 9 of 11 small finance banks and 15 of 21 private banks in India in Fiscal 2025.
  • Long Standing Relationships with a Large Customer Base: The company has maintained and grown relationships with customers over the years. Customers of more than five years contributed 75.54%, 85.43% and 87.14% of total revenue from operations in Fiscals 2025, 2024, and 2023 respectively. The average length of relationship is over 10 years with 7 of the top 10 customers.
  • Comprehensive Portfolio of Customizable and Scalable Solutions: The company offers a comprehensive portfolio of solutions that are customizable and built for scale across Payment Solutions, Communication and Fulfilment Solutions, and IoT Solutions. It has been instrumental in fostering innovation in the Indian financial ecosystem with initiatives like introducing different form factors for payments under the RuPay brand.
  • Proprietary Technology Stack Enabling Bespoke Solutions: The company has developed proprietary platforms like RUBIC, eTaTrak, IOMS and izeIOT that enable comprehensive services and drive digital transformation across industries. These platforms use advanced technologies like AI, robotic automation, API frameworks, and IoT.
  • Pan-India Advanced Manufacturing Capabilities: The company operates 24 manufacturing units across seven locations in India as of March 31, 2025. It has the capacity to manufacture over 0.47 million cards and over 1.67 million RFID tags in a single day. The units are certified by global payment schemes, NPCI, and Indian Banks Association.
  • Track Record of Healthy Financial Performance: The company's revenues have grown from ₹ 11,462.99 million in Fiscal 2023 to ₹ 15,582.56 million in Fiscal 2024 and ₹ 14,631.51 million in Fiscal 2025. Its EBITDA was ₹ 3,703.65 million, ₹ 3,030.10 million and ₹ 2,074.27 million in Fiscal 2025, 2024 and 2023 respectively.
  • Experienced Promoters and Senior Management Team backed by Committed Employee Base: The company is led by promoters with over 30 years of experience each in the technology-based solutions industry. It has a professional and experienced management team with extensive industry experience and a proven track record of performance.

Open IPOs for Subscription

No Open IPOs

Stay tuned, there will be more IPOs listing soon!


fuzz

Listed IPOs

No Listed IPOs

Stay tuned, there will be more IPOs listing soon!


Invest & Trade with a Trading
Platform That's #MadeForTrade

Open your Dhan Account in minutes!
border

Explore  |  Sitemap

*All securities mentioned on this website are exemplary and not recommendatory.

*Current prices on the website are delayed by 15 mins, login to check live prices.

We are bullish on India, we are bullish on India's prospects to be one of the largest economies in the world. We believe that the stock market provides a unique opportunity for all of India's traders and investors to participate in the growth story of the country.

Yet, most investing & trading platforms in India have remained more or less the same over the past decade. Times have changed and retail traders and investors have become smarter about managing their trades and money. Modern traders & investors require an online trading platform that helps them keep up with the technological advancements of our time.

That's why we're building Dhan - to help you trade, to help you invest, and to help you participate in India's growth stock via the stock market with awesome features and an incredible experience.

©2021-2025 Raise Securities Private Limited (formerly Moneylicious Securities Private Limited). All rights reserved. CIN: U74999MH2012PTC433549 Raise Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered & Corporate Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104, Customer Care: 9987761000.


For any query / feedback / clarifications, email at help@dhan.co.

In case of grievances for any of the services rendered by Raise Securities Private Limited, please write to grievance@dhan.co (for NSE, BSE and MCX) or grievancedp@dhan.co (for Depository Participant). Please ensure that you carefully read the Risk Disclosure Document as prescribed by SEBI, our Terms of Use and Privacy Policy. Compliance Officer: Mr. Manish Garg and Mobile: 8655740961 Email: complianceofficer@dhan.co To lodge your complaints using SEBI SCORES, click here.


Disclaimer: All communications with the client via chat, phone, or email are for support purposes only. Any commitments or statements made by the agent (human or virtual) shall not be binding on the company.


DHAN is a brand owned by Raise Securities Private Limited. All DHAN clients are registered under Raise Securities Private Limited. Clients are advised to refer to our company as Raise Securities Private Limited when communicating with regulatory authorities.


Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances


Disclaimer: Investment in the securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit


Attention investors:

  1. Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020.
  2. Update your e-mail and phone number with your stock broker / depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
  3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

Note: As a policy we do not give stock tips or recommendations and have not authorized anyone to give this on behalf of us. If you know anyone claiming to be a part of Dhan / / Raise or our associate companies or partners and offering such services, please report us on help@dhan.co. Important Information for Investors: To prevent unauthorized transactions in your trading / demat account, do not share your account details, credentials or any personal details with anyone. Keep your mobile number updated with your Stock Broker, Depository Participant and ensure that the same is registered with Stock Exchanges, Depository and KRAs. You will receive alerts and information on your registered mobile number / email for debit and other important transactions in your demat account directly from CDSL / Exchange on the same day. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Stock Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. This is issued in the interest of investors.


Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website. Issued in the interest of the investors.


Raise Securities Private Limited also known as Dhan is only an order collection platform that collects orders on behalf of clients and places them on BSE StarMF for execution. Client expressly agrees that Dhan is not liable or responsible and does not represent or warrant any damages regarding non- execution of orders or any incorrect execution of orders with regard to the funds chosen by the client or due to, but not being limited to, any link/system failure, delay in transfer of the funds on account of any unforeseen circumstances/issues in the banking system/payment aggregators or any other problems that may result in a delay in crediting the funds into the BSE Star MF's bank account.


Mutual fund investments are subject to market risks, read all scheme related documents carefully before investing. Dhan is not a distributor or agent of any mutual fund. Mutual Funds are not exchange-traded products. Any related disputes will not have access to the Exchange-investor redressal forum or arbitration mechanism. For other disclaimers please refer https://dhan.co/advertisement-disclaimer/


Download client registration documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in vernacular language: BSE | NSE | MCX


Kindly, read the Advisory Guidelines of BSE | NSE | MCX for investors as prescribed by the exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client's assets


Important Links: SEBI | BSE | NSE | MCX | CDSL | SCORES | ODR Portal | Investor Charter for Stock Brokers | Investor Charter for DP | Investor Charter for Research Analyst | UCC Advisory | e-Voting for Shareholders | NCL Client Collateral details |
MCXCCL Client Collateral details

Important Information: Terms of Usage | Disclaimers | Privacy Policy | Grievances | Grievances RA | Risk Management Policy | Risk Disclosure | Advertisement Disclaimer | Referral Terms & Conditions | Saarthi 2.0 Mobile App for Investors