Seshaasai Technologies IPO Final Day to Subscribe with Latest GMP at 13% Premium; Should You Invest?

The initial public offering (IPO) of Seshaasai Technologies is in its final leg, with investors having until 5 PM today to place their bids. As of the end of Day 2, the IPO received strong demand and was subscribed 3.09 times overall. The offer consists of a fresh issue of shares worth Rs 480 crore and an offer for sale (OFS) of 78.74 lakh shares amounting to Rs 333 crore, taking the total issue size to Rs 813 crore. The price band has been set between Rs 402 and Rs 423 per share.

Seshaasai Technologies IPO Subscription Status: Bidding Last Day Today

As of Day 2, the IPO received bids for over 4.25 crore shares against an offer size of 1.37 crore shares. Non-institutional investors (NIIs) led the interest with a subscription rate of 5.99 times, followed by retail individual investors (RIIs) at 2.92 times. Qualified Institutional Buyers (QIBs) subscribed 1.13 times of their reserved portion.

Seshaasai Technologies IPO GMP Today on September 25, 2025

As of the latest update on September 25, 2025 at 8:54 AM, the grey market premium (GMP) for the Seshaasai Technologies IPO stands at Rs 55, according to data from InvestorGain. With the IPO price band capped at Rs 423, the estimated listing price is projected to be around Rs 478 (i.e., cap price plus the current GMP). This implies a potential listing gain of approximately 13% per share.

Should You Subscribe Seshaasai Technologies IPO? Check Motilal Oswal's Recommendation

Motilal Oswal Financial Services Ltd has given a 'Subscribe' rating to the Seshaasai Technologies IPO, citing the company's leadership position in the regulated payment solutions space, supported by its advanced pan-India manufacturing capabilities and a marquee client base.

The brokerage highlighted the high growth potential of the industry, along with Seshaasai's strong financial performance and reasonable valuation. At 30.8x FY25 P/E, the IPO offers a compelling PEG ratio of 0.82, which, according to Motilal Oswal, makes the issue attractive for investors seeking long-term exposure to the fintech and IT-enabled services sector.

"Seshaasai has a leadership position in the regulated payment solutions industry with advanced pan-India manufacturing capabilities and elite client base. With high industry growth potential, strong financial performance and fair valuation at 30.8x FY25 P/E; offering a PEG ratio of 0.82, we recommend investors to 'Subscribe' to the issue," said MOFSL.

Seshaasai Technologies IPO: Anchor Investors Include Nippon India, ICICI Prudential, Motilal Oswal, UTI MF

Ahead of the IPO launch, the company raised over Rs 243 crore from anchor investors. Seshaasai allotted 57.52 lakh shares to 17 anchor investors at Rs 423 apiece. The list includes big names such as Nippon India Mutual Fund, ICICI Prudential MF, UTI MF, Motilal Oswal MF, Sundaram MF, and Tata AIG General Insurance Company, signalling strong institutional confidence.

For FY25, Seshaasai Technologies reported revenue from operations of Rs 1,463.15 crore and a profit after tax (PAT) of Rs 222.32 crore. Its performance is supported by strong profitability metrics, including a PAT margin of over 15%, return on equity (RoE) of 34.84%, and return on capital employed (RoCE) of 31.87%-indicating operational efficiency and robust returns to shareholders.

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