Mumbai: Seshaasai Technologies Limited (Formerly known as Seshaasai Business Forms Limited) (“Company”) has fixed the price band of ₹ 402/- to ₹423/- per Equity Share of face value ₹ 10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Issue” or “Offer”) of the Company will open on Tuesday, September 23, 2025, for subscription and close on Thursday, September 25 , 2025.
Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.
The proceeds will be used to fund the expansion of existing manufacturing units and for prepayment/repayment of all or a portion of certain outstanding borrowings availed by the company.
Seshaasai Technologies is a technology-driven multi-location solutions provider focused 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 its solutions. Solutions, that the Company offers at scale and on a recurring basis are driven by its proprietary platforms, which play a crucial role in enabling the operations and deliverables of the BFSI sector in India. (Source: F&S Report). The Company also offers Internet of Things (IoT) solutions to a diverse set of customers across industries.
The Company’s business verticals comprise Payment Solutions, Communication and Fulfilment Solutions and IoT solutions.
In addition, Seshaasai Technologies continues to leverage its expertise in printing technologies, advanced manufacturing equipment, problem solving capabilities and skillsets to identify and deliver customized solutions to customers in the educational and global direct mailing requirements.
The Company also offers an integrated and customised portfolio of services through its pan-India physical network comprising 24 manufacturing units across seven locations in India as of March 31, 2025. Each of the Company’s 24 manufacturing units are self-sustaining with minimum dependency on other units and are equipped with advanced machinery, raw materials and manpower to handle requirements of that location.
The Company is one of the few vendors in India to have approved facilities for the manufacturing of plastic cards, metal cards, sustainable cards, biometric cards, wearables, and payment stickers. (Source: F&S Report). Its units have an installed capacity to manufacture over 0.47 million cards and over 1.67 million RFID tags in a single day, as of March 31, 2025.
It offers services to a range of customers, such as banks (including private sector and public sector), insurance companies, depositories, and fintech companies.
During Fiscal 2025, the company’s revenue and profit from operations were Rs 14,631.51 million, up from Rs 11,462.99 million in fiscal 2023.
The Company’s profit after tax increased to Rs 2,223.20 million in Fiscal 2025, up from Rs 1,080.98 million last fiscal year.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
