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STYLEQ / NSE, BSEListed
Seshaasai Technologies

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 Price₹432.00
Listing Gain+2.13%

IPO Schedule & Timeline

Bookbuilding IPO
Open23 Sep 2025
Close25 Sep 2025
Allotment26 Sep 2025
Listing30 Sep 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor57,52,296 shares
29.93%
QIB38,32,396 shares
19.94%
HNI28,75,408 shares
14.96%
Retail67,09,285 shares
34.9%
Employee52,219 shares
0.27%

Minimum Application Lots

Retail1 Lot (35 shares)
₹14,805
sHNI14 Lots (490 shares)
₹2,07,270
bHNI68 Lots (2,380 shares)
₹10,06,740

Company Promoters

Pragnyat Pravin Lalwani Gautam Sampatraj Jain

Company Background

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 ...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹1473.61 Cr
Growth+27.7%
Revenue Trend (₹ in Crores)
0.0601.71.2k1.8kMar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-251,473.61222.321,160.38378.68
Mar-241,569.67169.64958.61350.24
Mar-231,153.84108.79782.54311.99

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-2515.0634.84%31.87%28.6330.79
Mar-2411.4739.00%33.47%00
Mar-237.3237.26%28.65%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Ltd (MUFG)

Allotment Finalized
Allotment Date
26 Sep 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Ltd (MUFG)
Listing Date
30 Sep 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Ltd (MUFG)

Direct allotment verification on the official registrar portal appointed for Seshaasai Technologies. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization26 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date30 Sep 2025Trading commences on exchange

How to Check Seshaasai Technologies Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Seshaasai Technologies IPO

Complete issue overview for Seshaasai Technologies (STYL) IPO. The issue features an equity share price band of ₹402 – ₹423 per share with a minimum retail lot size of 35 Shares (minimum application amount of ₹14,805). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions