Seshaasai Technologies sets IPO price band at Rs 402–Rs 423 per share for Rs 813 crore IPO. Check details here

Seshaasai Technologies Limited, a technology-driven provider of payment, communication, and fulfillment solutions, has announced the price band for its upcoming initial public offering (IPO) at Rs 402 to Rs 423 per equity share of face value Rs 10 each.

At the upper end of the price band, the company aims to raise Rs 813 crore through the IPO, comprising a fresh issue of shares worth Rs 480 crore and an offer for sale (OFS) of more than 78.74 lakh equity shares, totaling Rs 333 crore.

The bidding for anchor investors will open on Monday, September 22, 2025, while the IPO will open for subscription on Tuesday, September 23, 2025, and close on Thursday, September 25, 2025.


The equity shares will be listed on the main board of the NSE and BSE, with NSE designated as the primary exchange.

About Seshaasai Technologies IPO

The offer for sale includes shares from promoters Pragati Pravin Lalwani and Gautam Samratraj Jain. Each of them is offering up to 39.37 lakh equity shares..

The employee reservation portion consists of equity shares aggregating up to Rs 2 crore, with a discount of Rs 40 per share extended to eligible employees participating under this reservation.

Seshaasai Technologies valuation and financials

The floor price is 40.20 times and the cap price is 42.30 times the face value of Rs 10. Bids can be placed for a minimum of 35 equity shares and in multiples of 35 thereafter.

Based on the company’s diluted EPS for FY2025, the price-to-earnings (P/E) ratio stands at 28.09 at the upper end of the price band. This compares to a P/E ratio of 21.73 for the Nifty 50 index as of September 5, 2025.

Seshaasai Technologies reported revenue from operations of Rs 14,631.51 million and a profit of Rs 222.32 crore for FY2025. The market capitalization-to-revenue ratio works out to 4.46 at the floor price and 4.68 at the cap price.

Seshaasai Technologies IPO issue structure

The IPO is being made through the Book Building Process, with not more than 50% of the net offer is reserved for Qualified Institutional Buyers (QIBs). A minimum of 15% is allocated to Non-Institutional Investors, while at least 35% of the net offer is earmarked for Retail Individual Investors.

Book running lead managers and registrar

The issue is being managed by three Book Running Lead Managers: IIFL Capital Services Limited, ICICI Securities Limited, and SBI Capital Markets Limited. The registrar to the issue is MUFG Intime.

Also read: Anand Rathi Share and Stock Brokers sets IPO price band at Rs 393–414 for Rs 745 crore IPO, issue to open on Sept 23

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