• Price band of Rs 402  – Rs 423 per Equity Share bearing face value of Rs 10 each (“Equity Shares”)
  • Bid/Offer Opening Date –  Tuesday, September 23, 2025 and Bid/Offer Closing Date – Thursday, September 25, 2025.
  • Minimum Bid Lot is 35 Equity Shares and in multiples of 35 Equity Shares thereafter

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 35Equity Shares and in multiples of 35Equity Shares thereafter.

Equity shares outstanding as on date 147,616,500 Equity Shares of Rs 10 each

The IPO is a combination of fresh issue aggregating up to ₹ 4,800.03 million and an offer for sale of 7,874,015 equity shares for Rs [●] million.

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. 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, the Company 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 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. The Company caters to a diverse set of customers including prominent banks (both private and public sector banks), insurance companies, depositories and fintech companies. In Fiscal 2025, the company  provided services to 10 of the 12 public sector undertaking banks, 9 out of 11 small finance banks and 15 of the 21 private banks in India. And in Fiscal 2025, the Company served 9 out of 32 general insurance and 12 out of 24 life insurance companies. (Source: F&S Report)