Seshaasai Applied sciences Restricted is launching its Preliminary Public Providing (IPO) to strengthen its capital base and help enterprise progress, together with funding capital expenditures. The IPO includes a recent challenge of 1.13 crore shares aggregating to Rs. 480.00 crores and a proposal on the market of 0.79 crore shares aggregating to Rs. 333.07 crores with a face worth of Rs. 10 every.
Seshaasai Applied sciences IPO opens for subscription on September 23, 2025, and closes on September 25, 2025. Seshaasai Applied sciences IPO will record on BSE and NSE, with a tentative itemizing date fastened as September 30, 2025.
GMP of Seshaasai Applied sciences IPO
As of September 23, 2025, the shares of Seshaasai Applied sciences Ltd within the gray market have been buying and selling at a 20.80 p.c premium. The shares within the Gray Market traded at Rs. 511. This offers it a premium of Rs. 88 per share over the cap worth of Rs. 423.
Overview of Seshaasai Applied sciences Ltd
Seshaasai Applied sciences Restricted, Integrated in 1993, is a technology-driven, multi-location options supplier specializing in cost options, in addition to communications and fulfilment companies, primarily catering to the banking, monetary companies, and insurance coverage (BFSI) business. The corporate delivers scalable, recurring options by proprietary platforms that help BFSI sector operations throughout India, and in addition extends its choices to IoT options serving a wide selection of industries.
Seshaasai operates 24 self-sustaining manufacturing models throughout seven areas in India, every outfitted with superior equipment, uncooked supplies, and a talented workforce to deal with native necessities effectively. These models are licensed by international cost schemes, NPCI, PCI, and IBA for cost card manufacturing, information safety, and cheque manufacturing, guaranteeing full compliance with IT, cyber, and bodily safety requirements. As per RHP, the corporate doesn’t have any listed friends.
It operates in three key segments. Its Cost Options embrace playing cards, wearables, service provider QRs, cheques, and safe stationery for banks and fintechs. Via its Rubic platform, the corporate delivers Communication and Fulfilment Options, providing print and digital communication companies to monetary establishments. Its IoT Options present RFID and NFC applied sciences to industries like retail and logistics for provide chain optimization and product authentication.
Its know-how platforms embrace RUBIC, an information processing platform for safe and personalised communications and IoT integration; eTaTrak, an AI-powered logistics answer that allows real-time supply monitoring and correct billing; and IOMS, a web-based order and stock administration platform that streamlines ordering processes and consolidates transactions to scale back prices. As of June 30, 2025, Seshaasai Applied sciences Restricted employed 862 everlasting employees members.
Promoters of Seshaasai Applied sciences Ltd
The promoters of Seshaasai Applied sciences, together with Pragnyat Pravin Lalwani and Gautam Sampatraj Jain, convey deep area experience in safe information dealing with, sensible card manufacturing, and high-volume transaction processing, important parts within the funds and BFSI know-how panorama. Their strategic management and operational expertise have been pivotal in scaling the corporate’s presence throughout India and abroad.
Supply For Sale
The Supply for Sale consists of the promoter promoting shareholders: Pragnyat Pravin Lalwani is providing as much as 3,937,008 fairness shares of face worth Rs. 10 every, with a weighted common price of acquisition of Rs. 7.72 per fairness share. Gautam Sampatraj Jain is providing as much as 3,937,007 fairness shares of face worth Rs. 10 every, with a weighted common price of acquisition of Rs. 7.72 per fairness share. The precise variety of shares to be bought shall be based mostly on the ultimate provide worth.
Lead Managers of Seshaasai Applied sciences IPO
IIFL Capital Providers Restricted, ICICI Securities Restricted, and SBI Capital Markets Restricted are appearing because the E book Working Lead Supervisor. MUFG Intime India Non-public Restricted (previously Hyperlink Intime India Non-public Restricted) is the registrar managing investor functions and allotment.
Aims of the IPO Supply
The proceeds from Seshaasai Applied sciences’ challenge shall be utilized for the next functions: Rs. 197.91 crore for funding capital expenditure associated to the growth of current manufacturing models, Rs. 300 crore for reimbursement and/or prepayment (partially or in full) of sure excellent borrowings of the corporate, and the remaining funds for normal company functions.
Monetary Evaluation of Seshaasai Applied sciences Ltd
Seshaasai Applied sciences has demonstrated robust monetary efficiency over the previous three years. The corporate’s complete earnings was Rs. 1,153.84 crore in FY23, which elevated to Rs. 1,569.67 crore in FY24, and stood at Rs. 1,473.62 crore in FY25.
Revenue After Tax (PAT) grew persistently from Rs. 108.10 crore in FY23 to Rs. 169.28 crore in FY24, reaching Rs. 222.32 crore in FY25. These figures spotlight Seshaasai Applied sciences’ regular progress and enhancing monetary well being.
Seshaasai Applied sciences Ltd Strengths and Weaknesses
Strengths:
- The corporate has established a Management Place within the Giant and Regulated Cost Options Trade with Excessive Obstacles to Entry
- It has a long-standing relationship with a Giant Buyer Base
- The corporate has a Complete Portfolio of Customizable and Scalable Options
- Proprietary Know-how Stack Enabling Bespoke Options
- It has Pan-India Superior Manufacturing Capabilities
- The corporate maintains a observe Document of Wholesome Monetary Efficiency
- It has Skilled Promoters and a Senior Administration Staff backed by a Dedicated Worker Base.
Weaknesses:
- Buyer Focus Threat: A good portion of income is generated from a restricted variety of clients; 702, 476, and 355 clients have been serviced in Fiscals 2025, 2024, and 2023, respectively. Any loss or discount of enterprise from key clients might materially impression income, money flows, and general monetary efficiency.
- Trade Vertical Dependency: Income is closely depending on a restricted variety of business verticals. A downturn or diminished demand in these sectors might adversely have an effect on enterprise operations, income technology, and profitability.
- Contractual Compliance Threat: Contracts with clients contain in depth compliance necessities. Any failure to fulfill these obligations might end in termination, authorized motion, or penalties, adversely impacting enterprise status, operations, and monetary well being.
- Authorities Mission Publicity: The corporate is uncovered to dangers related to servicing authorities initiatives, establishments, and public sector enterprises.
Conclusion:
Seshaasai Applied sciences Ltd’s IPO affords a possibility to put money into India’s extremely regulated cost options and safe information processing business. With a sturdy monetary observe report, increasing market share, and robust presence throughout the BFSI and IoT sectors, the corporate is well-positioned for sustained progress. Nevertheless, buyers ought to be aware of the corporate’s buyer and sector focus dangers, in addition to compliance and government-related mission exposures, earlier than making funding choices.
Written by Sridhar J
Disclaimer
The views and funding ideas expressed by funding specialists/broking homes/score businesses on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a threat of monetary losses. Traders should due to this fact train due warning whereas investing or buying and selling in shares. Commerce Brains Applied sciences Non-public Restricted or the creator usually are not responsible for any losses prompted because of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.
