Seshaasai Technologies IPO Allotment to Be Finalised on September 26: How to Check?

Seshaasai Technologies Limited is set to finalise the share allotment for its ₹813.07-crore Initial Public Offering (IPO) on Friday, September 26. The IPO, which opened for subscription on September 23 and closed on September 25, included a fresh issue of 1.13 crore equity shares worth ₹480 crore, along with an offer-for-sale (OFS) of 79 lakh shares totaling ₹333.07 crore.

• Refunds for non-allotted applications will be initiated on Monday, September 29
• Crediting of shares to investors’ demat accounts will also take place on the same day
• Listing of shares on BSE and NSE is tentatively scheduled for September 30

Robust Investor Response

The IPO witnessed overwhelming demand, being oversubscribed 68 times, according to data from the Bombay Stock Exchange (BSE). A total of 93,38,66,430 bids were received against the 1,37,67,095 shares available.

Here's how the different investor categories fared:

• Qualified Institutional Buyers (QIBs): Subscribed 189.63 times
• Non-Institutional Investors (NIIs): Subscribed 50 times
• Retail Individual Investors (RIIs): Subscribed 8.66 times

The price band for the issue was set between ₹402 and ₹423 per share.

IIFL Capital Services Limited acted as the book-running lead manager, while MUFG Intime India Private Limited served as the registrar for the issue.

How to Check Seshaasai Technologies IPO Allotment Status

Investors can check their IPO allotment status through any of the following platforms:

BSE Website

• Visit: BSE IPO Allotment Status
• Select ‘Equity’ under issue type
• Choose ‘Seshaasai Technologies Ltd’ from the dropdown
• Enter your Application Number or PAN
• Click ‘Search’ to view your allotment

MUFG Intime India Pvt Ltd Website:

• Visit: MUFG Intime IPO Allotment Page
• Choose the appropriate link
• Select ‘Seshaasai Technologies Ltd’ from the dropdown
• Enter your PAN, Application Number, or DP/Client ID to view the status

NSE Website

• Investors can also check allotment status on the NSE platform using their PAN and Application Number.

About Seshaasai Technologies Ltd

Established in 1993, Seshaasai Technologies is a technology-driven, multi-location solutions provider. The company specialises in payment solutions, as well as communication and fulfilment services, primarily catering to the Banking, Financial Services, and Insurance (BFSI) sector.

With a strong operational footprint, Seshaasai operates 24 manufacturing facilities across seven locations in India, supporting its robust service delivery model.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.