Seshaasai Technologies IPO – Review
Seshaasai Technologies Limited, a provider of tailor-made solutions for BFSI, retail, supply chain, and renewable energy, is planning to raise ₹813 Crore through an IPO.
[Fresh Issue ₹480 Cr + OFS ₹333 Cr]
Seshaasai technologies ipo price is ₹402 – ₹423 per share
Seshaasai Technologies: History
The Company was originally incorporated as Seshasai Business Forms Private Limited, a private limited company under the Companies Act, 1956, on September 17, 1993.
The name of the company was changed to Seshaasai Technologies Limited as part of the corporate rebranding and the Scheme of Arrangement, and a fresh certificate of incorporation was issued by the RoC on November 25, 2024.
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Seshaasai Technologies: Business
Seshaasai Technologies Ltd. is a technology-driven, multi-location solutions provider company focused on offering payment solutions, communications, and fulfillment solutions catering to the banking, financial services, and insurance (BFSI) sectors, with data security and compliance at the core of its solutions.
The Company is among the few vendors in India with approved facilities for manufacturing a wide range of payment products, including biometric cards, metal cards, plastic cards, sustainable cards, wearables, and payment stickers.
It also offers Internet of Things (IoT) solutions to a diverse set of customers across industries.
Customer Base
The Company caters to a diverse set of customers, including prominent banks (both public and private sector banks), insurance companies, depositories, and fintech companies.
In Fiscal Year 2024, the company has provided services to –
- 10 of the 12 public sector undertaking banks,
- 9 out of 11 small finance banks,
- 15 of the 21 private banks,
- 9 out of 32 general insurance, and
- 12 out of 24 life insurance companies in India.
Pan-India Network
The Company offers an integrated and customized portfolio of services through its pan-India physical network, which comprises 24 manufacturing units across 7 locations in India as of March 31, 2024.
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Strategies Ahead
- Consolidate leadership position in payment solutions.
- Expand offerings in the IoT and RFID space.
- Increase wallet share from customers.
- Focus on entering international markets.
- Focus on inorganic growth through strategic acquisitions.
IPO Objectives
- Funding capital expenditure for the expansion of existing manufacturing units;
- Repayment (prepayment) of certain outstanding borrowings of the Company;
- General corporate purposes.
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Company Promoters
- Pragnyat Pravin Lalwani,
- Gautam Sampatraj Jain.
IPO Details
Seshaasai technologies ipo date = 22 to 24 September 2025
Minimum Amount = ₹14,805
Minimum Bid = 35 Shares
Face Value (FV) = ₹10
Listing On = NSE, BSE
Book Running Lead Managers
IIFL Capital Services
ICICI Securities
SBI Capital Markets
Financials
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Seshaasai Technologies IPO (keeping a long-term view in mind)
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