We are a technology driven multi-location solutions provider focussed on offering payments solutions, and communications and fulfilment solutions catering primarily to the banking, financial services and insurance (“BFSI”) industry, with data security, and compliance at the core of ... Read more

Parent organisation

Founded

Seshaasai Technologies Ltd.

1993

Seshaasai Technologies Ltd. IPO Reservation

Investors Category	Shares Offered
Anchor Investors	57,52,296 (29.92%)
Employee Reserved	52,219 (0.27%)
Non Institutional Investors	28,76,149 (14.96%)
Qualified Institutional Buyers (QIBs)	38,34,864 (19.95%)
Retail Individual Investors (RIIs)	67,11,013 (34.9%)

Seshaasai Technologies Ltd. Financial Information

Year End	Revenue	PAT	Reserves & Surplus
31 Mar 2025	1,472.35 Cr	222.21 Cr	490.35 Cr
31 Mar 2024	1,569.67 Cr	169.43 Cr	286.58 Cr
31 Mar 2023	1,153.84 Cr	107.04 Cr	201.29 Cr

Seshaasai Technologies Ltd. Background

Major Events And Milestones

2001

First personalized cheque book printed for a large private sector bank in India
Started printing bank statements
Seshaasai e-forms incorporated
2002

Started its first unit outside Navi Mumbai, in Velacherry, Chennai
Chennai unit received IBA License for printing security instruments
2003

Started printing insurance statements, welcome kits and data entry
2005

Started the unit at Okhla, Delhi
2006

Delhi unit received IBA License for printing security instruments
2007

Started the unit at GF 1, Peenya Stage 1, Bengaluru
The Bengaluru unit (GF 1, Peenya Stage 1) received IBA Licence for printing Security instruments
2009

Started Telecom bill printing activity
Bagged first big Government Project for GOI – ICR Scannable schedules with Variable and Barcode printing, census of India
2011

Started Kundli and Kolkata units
2010

Kolkata unit received IBA Licence for printing security instruments
2012

Awarded UIDAI order for printing of Aadhar Cards
2015

Set up Card units for Rupay and two Global Payment Schemes at Mumbai
2016

Kundli unit received IBA Licence for printing security instruments
2018

First certified bureau in India to receive NPCI approval for Smart City - Common mobility cards for transit
2019

Approval for Fast Tags - ETC Toll Tag
Manufacture of personalised Chip cards
Set up the RFID unit at Bengaluru
Started Nagpur unit
2021

Developed smart wearables as an alternative for payments and launched the Rupay On-the-Go for making contactless payments using everyday wearables
Set up the chip bonding facility at Mumbai
Best Tech brand in the BFSI Sector by Economic Times
Leader in the Customer Communication Management (CCM) space by Asia One
2022

Nagpur unit received IBA Licence for printing Security instruments
One of the Best Tech Brand in the BFSI Sector by Economic Times
2023

Expanded the RFID facility to new facility at Bengaluru and Kundli
Setup specialty cards (Metal, Biometric) manufacturing at Bengaluru
One of the Best Tech Brands by ET Edge
2024

Scheme of Arrangement entered into by and amongst the Company, Seshaasai E-Forms Private Limited, Qupod Technovations Private Limited and their respective shareholders and creditors
One of the Best Tech Brands by ET Edge
2025

Acquisition of Atoll Solutions Private Limited Awards, accreditations or recognitions :

Seshaasai Technologies Ltd. Object of Issues

Appraising Entity

The Objects for which the Net Proceeds will be utilised have not been appraised by any bank or financial institution or other independent agency. Each of the Promoter Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale, after deducting their respective portion of the Offer-related expenses and relevant taxes thereon.

Fresh Issue

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Funding capital expenditure for the expansion of existing manufacturing units,
2. Repayment and / or prepayment, in part or in full, of certain outstanding borrowings of the Company,
3. General corporate purposes.

Seshaasai Technologies Ltd. IPO Listing Details

Listing Date

30 Sep 2025

BSE Script Code

STYL

NSE Symbol

STYL

ISIN

INE04VU01023

Final Issue Price

₹ 423

Seshaasai Technologies Ltd. Listing Day Trading Information

Pricing Details	BSE	NSE
Issue Price	₹ 423.00	₹ 423.00
Open	₹ 436.00	₹ 432.00
Low	₹ 405.80	₹ 406.00
High	₹ 436.95	₹ 437.45
Last Trade	₹ 411.50	₹ 411.45

Seshaasai Technologies Ltd. Company Promoters

Pragnyat Pravin Lalwani and Gautam Sampatraj Jain are the Promoters of the Company.

Industry Overview

Unless otherwise indicated, industry and market data used in this section has been derived from industry publications, in particular, the report titled “Connected Transactions: Exploring The Payment Card, IoT RFID, and ESIM Markets” dated August 2025 (the “F&S Report”) ... Read more

Seshaasai Technologies Ltd. IPO Registrar

MUFG Intime India Pvt. Ltd.

C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai Maharashtra - 400083

49186200

Seshaasai Technologies Ltd. IPO Lead Manager(s)

ICICI Securities Ltd

ICICI CENTRE H T PAREKH MARG CHURCHGATE Mumbai Maharashtra - 400020

22882460

FAQs

When does Seshaasai Technologies Ltd. IPO opens and closes?

Seshaasai Technologies Ltd. IPO opens from 23rd September to 25th September 2025.

What is the size of Seshaasai Technologies Ltd. IPO?

The size of the Seshaasai Technologies Ltd. IPO is ₹813.28 Cr.

What is the price range of Seshaasai Technologies Ltd. IPO?

The price range of Seshaasai Technologies Ltd. IPO is at ₹402 to ₹423 per share.

What is the minimum investment and lot size required for the Seshaasai Technologies Ltd. IPO?

The minimum investment required is ₹14,805 and minimum lot size is 35 shares.

When is Seshaasai Technologies Ltd. IPO listing date?

The Seshaasai Technologies Ltd. IPO will be listed on 30th September 2025.

What is the objective of Seshaasai Technologies Ltd. IPO?

Appraising Entity The Objects for which the Net Proceeds will be utilised have not been appraised by any bank or financial institution or other independent agency. Each of the Promoter Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale, after deducting their respective portion of the Offer-related expenses and relevant taxes thereon. Fresh Issue The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: 1. Funding capital expenditure for the expansion of existing manufacturing units,
2. Repayment and / or prepayment, in part or in full, of certain outstanding borrowings of the Company,
3. General corporate purposes.

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