Seshaasai Technologies shares made their debut on the stock exchanges on Tuesday, September 30, listing at ₹436 per share, a modest premium over its IPO price. This cold listing came as a surprise, considering the robust demand witnessed during the company’s ₹813 crore initial public offering (IPO), which was open for subscription over three days.
According to data from the NSE, the IPO was oversubscribed by an impressive 68 times. The bulk of the demand was driven by institutional investors, with the Qualified Institutional Buyers (QIB) category receiving bids 189 times the shares on offer. The non-institutional investor segment saw a subscription of 50 times, while the retail portion was subscribed 9.2 times.
Ahead of the public issue, Seshaasai Technologies raised ₹243 crore from anchor investors, including marquee names like ValueQuest, Tata AIG, UTI Mutual Fund, and HSBC Mutual Fund.
The company has earmarked ₹198 crore from the IPO proceeds for expansion-related capital expenditure, plans to repay ₹300 crore in debt, and intends to use the remaining funds for general corporate purposes. Following the IPO, the promoters will retain an 81% stake in the company.
Also Read: Upcoming IPOs This Week: 5 Mainboard and 16 SME IPO Set to Open Week Starting Sep 29
Seshaasai Technologies is a tech-driven, multi-location solutions provider operating across three verticals: Payment Solutions, Communication and Fulfilment Solutions, and IoT Solutions. The company runs 24 manufacturing facilities across seven locations and serves prominent clients such as HDFC Bank, ICICI Bank, SBI, and HDFC Life.
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.
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Published on: Sep 30, 2025, 10:29 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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