Seshaasai Technologies Limited (formerly known as Seshaasai Business Forms Limited) (the “Company”), payments solutions provider, has completed its pre-IPO (Initial Public Offering) placement of around ₹ 120 crores.

As per a media advertisement was published in the Financial Express (English), Jansatta (Hindi) and in the Mumbai edition of Navshakti (Marathi), on August 13, 2025. The Company, in consultation with the Book Running Lead Managers to the IPO has undertaken a private placement of 2.84 million equity shares for cash considerations, at an issue price of ₹ 423 per equity share (including a premium of ₹ 413 per equity share) which saw participation from Tata AIG General Insurance Company Limited, VQ FasterCap Fund II, and Valuequest India G.I.F.T Fund.

Tata AIG General Insurance Company Limited was allocated 14,18,400 equity shares of the Company on August 11, 2025 for ₹ 423 per equity share each aggregating to ₹ 60 crores. VQ FasterCap Fund II, and Valuequest India G.I.F.T Fund were allotted 7,09,200 equity shares each at ₹ 423 per equity share each aggregating to ₹ 30 crores each.