Seshaasai Technologies' IPO closed with a 69.64 times subscription. Allotment is expected to be released on September 26. The IPO will be listed on BSE and NSE on September 30 and is trading at a 13% premium in the grey market. The funds raised will be used for manufacturing unit expansion, debt repayment, and general corporate purposes.
Seshaasai Technologies' ₹813.07 crore IPO was open from September 23-25, 2025, and closed with a 69.64 times subscription. Allotment can be checked on September 26 on the MUFG Intime and BSE websites. The company's listing is likely to take place on BSE and NSE on September 30. IPO shares are trading at a 13% premium, at ₹423, in the grey market. The funds raised will be utilized for manufacturing unit expansion, debt repayment, and general corporate purposes.
IPO Subscription and Investor Participation
Seshaasai Technologies' IPO was open from September 23 to September 25, 2025. The size of this IPO was ₹813.07 crore. The public issue received a good response from investors and was subscribed 69.64 times. The reserved portion for Qualified Institutional Buyers (QIB) was subscribed 189.49 times, for Non-Institutional Investors (NII) 51.43 times, for retail investors 9.46 times, and for employees 9.50 times.
Before the IPO opened, the company raised ₹243.3 crore from anchor investors. Investors considered this a reliable and potentially profitable opportunity for the future.
Process to Check Allotment
Investors who have applied for Seshaasai Technologies' IPO can check the status of their share allotment online. There are two main options for this:
Via the BSE Website
- Go to https://www.bseindia.com/investors/appli_check.aspx .
- Select 'Equity' as the issue type.
- Select Seshaasai Technologies IPO from the dropdown menu.
- Enter your Application Number or PAN details.
- Enter the Captcha and click 'Search'.
Via the MUFG Intime India Pvt. Ltd. Website
- Go to https://in.mpms.mufg.com/Initial_Offer/public-issues.html .
- Select Seshaasai Technologies in the Company Name field.
- Enter any one detail: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click the Submit button to view the allotment status.
Allotment is expected on September 26, 2025. After this, investors can confirm their shares and prepare for trading.
Listing Time
The price band for Seshaasai Technologies' IPO was set at ₹402 to ₹423 per share. Shares are trading at a premium of ₹56, or 13.24%, above the IPO's upper price band of ₹423 in the grey market. This indicates a potential profit for investors at the time of listing.
The company is likely to be listed on BSE and NSE on September 30, 2025. If it lists at a premium, it could prove to be a good earning opportunity for early investors.
Utilization of Funds Raised from IPO
Seshaasai Technologies will primarily use the funds raised through the IPO for the expansion of existing manufacturing units and capital expenditure. Additionally, the company will fully or partially repay its debts. The remaining amount will be utilized for general corporate purposes.
Strength of the Company's Business
Seshaasai Technologies has strengthened its business by providing digital payment and IoT-based solutions for the BFSI industry. The company's solutions are extremely important for the banking and insurance sectors, and their demand is continuously growing. This indicates to investors that the company's growth prospects are b.
