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₹423 - 423
Seshaasai Technologies Ltd
IT - SoftwareIPO
₹423 - 423
We are a technology driven multi-location solutions provider offering payments solutions, communications and fulfilment solutions and IoT solutions. Under payment solutions, we offer a range of payment enabling instruments such as, debit cards, credit cards, pre-paid cards, mass transit cards and cheques. Under communications and fulfilment solutions, we offer secured omni-channel communication solutions such as print, interactive portable document format sent via email and text messages. Our IoT Solutions encompass a comprehensive range of radio frequency identificationenabled offerings and IoT ecosystem services.
Lot35Min Invest₹14,805Face Value₹10Issue Size₹813 CrFresh Issue₹480 CrOffer for Sale₹333 CrListing Price₹436CMP₹308
Timeline
23 Sept
Bidding opens
25 Sept
Bidding closes
26 Sept
Allotment
29 Sept
Refund & demat credit
30 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹813 Cr1.92 Cr shares
Fresh Issue₹480 Cr
Offer for Sale₹333 Cr
Face Value₹10
Lot Size35 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8051-13 lots
sNII₹2,07,270from 14 lots
bNII₹10,06,740from 68 lots
Managers & Registrar
Lead ManagerIIFL Capital Services Ltd
Co-ManagerICICI Securities Ltd, SBI Capital Markets Ltd
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrPragnyat Pravin LalwaniPRMTR39,37,008166.54Gautam Sampatraj JainPRMTR39,37,007166.54Total78,74,015333.07
Shareholding
CategoryPre IPOPost IPOPromoter Group93.2%81.8%Public6.8%18.2%
Objects of the Issue
- Funding capital expenditure for the expansion of existing mfg
- Repayment and or prepayment in part or in full of certain outstanding borrowings of the company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| RevenueCr | 1,558 | 1,463 | 1,441 | 1,507 |
| Operating ProfitCr | 292 | 360 | 380 | 395 |
| OPM% | 18.7 | 24.6 | 26.3 | 26.2 |
| PBTCr | 233 | 295 | 329 | 356 |
| PATCr | 169 | 222 | 240 | 264 |
| EPS | 19 | 15 | 15 | 17 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| Equity CapitalCr | 148 | 148 | 162 | - |
| ReservesCr | 286 | 491 | 1,264 | - |
| BorrowingsCr | 350 | 379 | 84 | - |
| Fixed AssetsCr | - | 448 | 530 | - |
| Total AssetsCr | 958 | 1,160 | 1,667 | - |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| Operating Cash FlowCr | 200 | 167 | 220 | - |
| Investing Cash FlowCr | -111 | -113 | -374 | - |
| Financing Cash FlowCr | -32 | -34 | 243 | - |
| Net Cash FlowCr | 57 | 20 | 90 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Established Leadership Position in the Large and Regulated Payment Solutions, and Communication and Fulfilment Solutions Industry with High Barriers to Entry.
- Comprehensive Portfolio of Customizable and Scalable Solutions.
- Proprietary Technology Stack Enabling Bespoke Solutions.
- Pan-India Advanced Manufacturing Capabilities.
- Track Record of Healthy Financial Performance.
- Experienced Promoters and Senior Management Team backed by Committed Employee Base.
Strategies · as stated in the DRHP
- Consolidate Leadership Position in Payment Solutions.
- Expand Offerings in the IoT and RFID Space.
- Increase Wallet Share from Customers.
- Focus on Entering into International Markets.
- Focus on Inorganic Growth through Strategic Acquisitions.
Risks · as stated in the DRHP
- In Fiscals 2025, 2024 and 2023, we serviced 702, 476 and 355 customers, respectively. We generate a significant portion of our revenues from a limited number of customers, and any loss or reduction of business from these customers could reduce our revenues and adversely affect our business, results of operations, financial condition, and cash flows.
- Its revenues are dependent on a limited number of industry verticals, and any decrease in demand for the company services in these industry verticals could reduce its revenues and adversely affect the company business, results of operations, financial condition, and cash flows.
- Its contracts with customers subject it to extensive compliance requirements. Failures to comply with the terms of these contracts may lead to breach of the termination of the contracts and action against it for breach, which may adversely affect the company business, results of operations and financial condition.
- The company is exposed to the risks of providing solutions and services to the government projects /institutions and public sector enterprises.
- Failures of its information technology infrastructure or any breach of the company information technology systems may adversely affect its business, results of operations and financial condition.
- Its business is dependent and will continue to depends on the company manufacturing units, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.