IPO Trending
STYLEQ / NSE, BSEListed

Seshaasai Technologies Limited

Seshaasai Technologies Limited, founded in 1993, is a multi-location technology solutions provider specializing in payment solutions, communication, and fulfilment services, primarily for the BFSI sector. The company is among India’s top two payment card manufacturers with a 34.5% market share in FY 2024 and is also a leading producer of cheque leaves. With 24 manufacturing units across seven locations, it delivers debit, credit, prepaid and transit cards, wearables, merchant QRs, cheques, and secure stationery, alongside omni-channel communication services through its Rubic platform. It also provides IoT solutions like RFID and NFC tags for supply chain, authenticity, and real-time tracking, supported by proprietary platforms such as Rubic, eTaTrak, and IOMS. Certified by global payment schemes, NPCI, PCI, and IBA, the company ensures compliance with stringent security standards and, as of November 2024, employed 817 people.

₹402 - ₹42364.79x sub
Listed Price432.00
Listing Gain+2.13%
TimelineBookbuilding IPO
Open23 Sep 2025
Close25 Sep 2025
Allotment26 Sep 2025
Listing30 Sep 2025

Quota Reservation Portions

AnchorPortion: 57,52,296 shares
29.93%
QIBPortion: 38,32,396 shares
19.94%
HNIPortion: 28,75,408 shares
14.96%
RetailPortion: 67,09,285 shares
34.9%
EmployeePortion: 52,219 shares
0.27%

Minimum Application Bracket Matrix

Retail1 lots / 35 shares
₹14,805
sHNI14 lots / 490 shares
₹2,07,270
bHNI68 lots / 2,380 shares
₹10,06,740

About the Company

Seshaasai Technologies Limited, founded in 1993, is a multi-location technology solutions provider specializing in payment solutions, communication, and fulfilment services, primarily for the BFSI sector. The company is among India’s top two payment card manufacturers with a 34.5% market share in FY 2024 and is also a leading producer of cheque leaves. With 24 manufacturing units across seven locations, it delivers debit, credit, prepaid and transit cards, wearables, merchant QRs, cheques, and secure stationery, alongside omni-channel communication services through its Rubic platform. It also provides IoT solutions like RFID and NFC tags for supply chain, authenticity, and real-time tracking, supported by proprietary platforms such as Rubic, eTaTrak, and IOMS. Certified by global payment schemes, NPCI, PCI, and IBA, the company ensures compliance with stringent security standards and, as of November 2024, employed 817 people.

Company Promoters

Pragnyat Pravin Lalwani Gautam Sampatraj Jain