Seshaasai Tech IPO Opens on September 23: Price Band, Issue Size & Key Details

Seshaasai Tech Limited, a Mumbai-based technology solutions provider, is gearing up for its initial public offering (IPO), which will open for subscription on September 23, 2025. Backed by marquee investors and a diverse client base across industries, the company aims to raise substantial funds through a mix of fresh equity issue and offer-for-sale (OFS). With a strong presence in banking, finance, government, and other key sectors, this IPO has already drawn significant attention from retail and institutional investors alike.

IPO Price Band and Subscription Dates

The company has fixed the price band at ₹402–423 per equity share. The IPO subscription window will remain open from September 23 to September 25, 2025, giving investors a three-day period to participate.

• Lot Size: Investors can bid for a minimum of 36 equity shares and in multiples thereafter.

• Allotment & Listing: The IPO share allotment is expected on September 26, with a tentative listing date set for September 30, 2025, on both BSE and NSE.

Issue Size and Structure

Seshaasai Tech’s IPO has a total issue size of ₹813 crore, divided into two key components:

1. Fresh Issue: Equity shares worth ₹480 crore, which will help the company fund expansion, strengthen its balance sheet, and support growth initiatives.

2. Offer for Sale (OFS): Around 78.7 lakh equity shares, aggregating to ₹333 crore, will be sold by existing shareholders.

This balanced approach ensures fresh capital inflow while also offering liquidity to existing investors.

Pre-IPO Placement of ₹120 Crore

Ahead of its public issue, Seshaasai Tech raised ₹120 crore through a pre-IPO placement in August 2025. The company allotted 2.84 million equity shares at ₹423 per share, including a premium of ₹413.

This round attracted notable institutional investors such as:

• Tata AIG General Insurance

• VQ FasterCap Fund II

• Valuequest India G.I.F.T Fund

The strong participation highlights investor confidence in the company’s business model and growth trajectory.

Company Background

Founded in 1993, Seshaasai Tech has grown into a trusted provider of payments, secure communications, and inventory management solutions. Over the past three decades, the company has diversified into several industries, including:

• Banking and Financial Services

• Insurance

• Government and Public Sector

• Retail and Supply Chain

• Healthcare and Pharmaceuticals

• Manufacturing

• Renewable Energy

By catering to both traditional enterprises and new-age businesses, Seshaasai Tech has positioned itself as a versatile technology partner.

Strong Clientele Across Industries

The company’s client base features over 60 leading banks and financial institutions, along with a growing number of fintech startups. Its portfolio includes:

• State Bank of India (SBI)

• Axis Bank

• ICICI Bank

• Canara Bank

• Emerging fintechs such as Jupiter, Niyo, and Fi

This mix of established institutions and agile startups highlights the company’s ability to serve diverse business needs.

Growth Potential and Market Outlook

With the increasing adoption of digital payments, secure communication platforms, and inventory management systems, Seshaasai Tech is well-positioned to capture the growing demand in India and beyond. The infusion of fresh capital from the IPO will allow the company to scale its operations, strengthen R&D, and expand its service offerings.

Given its established industry presence and trusted clientele, analysts expect significant investor interest in this IPO.

Conclusion

Seshaasai Tech’s upcoming IPO offers investors an opportunity to participate in a company that combines three decades of industry expertise with a strong focus on innovation and digital solutions. With its ₹813 crore issue size, strong pre-IPO backing, and diverse client portfolio, the company is on track to make a noteworthy market debut.

Investors eyeing growth opportunities in India’s expanding tech-enabled services and fintech ecosystem may find this IPO worth considering.