Seshaasai Technologies Ltd. IPO Detailed Analysis and Investor Insights

Introduction

Seshaasai Technologies Ltd., a prominent player in India's payment solutions and secure printing industry, has launched its Initial Public Offering (IPO) to raise approximately ₹813 crore. The IPO opened on September 23, 2025, and is set to close on September 25, 2025. With a strong market presence and a growing client base, including major banks and financial institutions, this IPO has garnered significant attention from investors.

IPO Details

• Price Band: ₹402 – ₹423 per equity share

• Lot Size: 35 shares

• Minimum Investment: ₹14,805

• Issue Size: ₹813 crore

  • Fresh Issue: ₹480 crore

  • Offer for Sale: ₹333 crore

• Listing Date: Expected on September 30, 2025

• Listing Exchanges: BSE and NSE

How to Apply

Investors can apply for the Seshaasai Technologies IPO through:

• ASBA (Application Supported by Blocked Amount) via banks

• UPI (Unified Payments Interface) through stockbrokers

• Brokerage Platforms: Zerodha, ICICI Direct, Groww, etc.

Ensure you have an active Demat account and sufficient funds in your bank account linked to UPI for seamless application.

Financial Performance

• Revenue: ₹1,473.62 crore in FY25 (down from ₹1,569.67 crore in FY24)

• Profit After Tax (PAT): ₹222.32 crore in FY25 (up from ₹169.28 crore in FY24)

While the company has shown profitability, the slight decline in revenue may raise concerns for potential investors.

Grey Market Premium (GMP)

As of the latest updates, the Seshaasai Technologies IPO is trading at a Grey Market Premium (GMP) of ₹55, indicating a potential listing price of around ₹478 per share, which is approximately 13% above the upper price band of ₹423 

Key Highlights

• Market Position: Among the top two payment card manufacturers in India, holding a 31.9% market share in FY25, up from 25% in FY23.

• Clientele: Serves over 700 clients, including leading BFSI players like HDFC Bank, ICICI Bank, SBI, HDFC Life, and PhonePe.

• Revenue Composition: The BFSI segment accounted for nearly 84% of its revenues in FY25 

Risks and Considerations

• Revenue Decline: The slight decrease in revenue over the past year may indicate potential challenges in business growth.

• Profitability Trends: While profits have increased, the declining Return on Equity (ROE) from 37.3% in FY23 to 34.8% in FY25 suggests reduced profitability.

• Market Competition: The rise in digital payments could limit card-based transaction volumes, affecting future growth prospects.

Conclusion

The Seshaasai Technologies IPO presents an opportunity for investors to participate in a leading company within the payment solutions industry. While the strong market position and positive market sentiment are encouraging, potential investors should consider the slight decline in revenue and profitability trends. It's advisable to assess your risk appetite and investment goals before applying for the IPO.

For detailed information and application procedures, visit the official Seshaasai Technologies website or consult with your financial advisor.