Seshaasai Technologies Limited (Formerly known as Seshaasai Business Forms Limited) 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 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.
- Issue Opens: September 23, 2025
- Issue Closes: September 25, 2025
- Face Value: Rs 10 each
- Price Band: Rs 402 – 423 per share
- Lot Size: 35 Shares
- Listing: BSE NSE
The proceeds from the fresh issue to the extent of Rs 1,979.13 million will be funding the capital expenditure for the expansion of existing manufacturing units and Rs 3,000 million will be utilised for prepayment / repayment of all or a portion of certain outstanding borrowings availed by the company. The Company is a technology-driven multi-location solutions provider focussed 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.
The Company also offers an integrated and customized 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 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. The Company has a focus on research and development (R&D) to provide new and customized solutions to our customers and operate two dedicated R&D labs in Bengaluru, Karnataka and Faridabad, Haryana.
