Seshasaai Technologies Ltd, which filed its draft papers with SEBI on December 27, 2024, has received the SEBI approval to float its IPO.
The IPO consists of a combination of a fresh issue of equity shares worth ₹600 crore and an Offer-for-sale of up to 78.74 lakh shares by promoters.
Pragnyat Pravin Lalwani will be selling shares of ₹39,37,008, and Gautam Sampatraj Jain will be selling shares of ₹39,37,007 in the company.
The exact dates and price bands for the IPO have yet to be announced. The company may plan to raise funds for ₹120 crore in the pre-IPO placement. If they successfully plan to do so, the amount of fresh issue will be reduced by ₹120 crore.
The proceeds raised from the fresh issue, out of which ₹195.33 crore will be utilized in order to expand the company’s existing manufacturing facilities, and ₹300 crore will be used for the repayment and prepayment of old existing debt. Whereas the remaining funds will be used for the company’s general corporate purposes.
The book-running lead managers of the public issue are IIFL Capital Services Limited, ICICI Securities Limited, and SBI Capital Markets Limited. Link Intime India Private Limited is the registrar of the issue.
Incorporated in 1993, Seshasaai Technologies is one of the growing multi-location solutions providers specialized in offering payments solutions, and communications and fulfilment solutions mainly for the banking, financial services, and insurance (BFSI) industry. Delivered on our own platforms and at scale, our solutions significantly help the daily operations of the BFSI sector in India by means of their consistency. We also provide Internet of Things (IoT) solutions to a wide range of customers across various industries.
In FY24, the company generated a revenue of ₹1,558.26 crore from operations, compared to FY23, the revenue was ₹1146 crore, showcasing a 25% increment in revenue. The company also reported generating a profit after tax of ₹169 crore during the year.
Seshasaai Technologies IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Seshasaai Technologies Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2024 | ₹1,569.67 | ₹1,336.67 | ₹169.28 |
| June 2024 | ₹362.14 | ₹298.54 | ₹40.49 |
Seshasaai Technologies IPO Valuation – FY2024
Seshasaai Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹18.55 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.36% |
| Net Asset Value (NAV): | ₹31.54 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | – | – | – | – | – Cr. |
Objects of the Issue
- Funding capital expenditure for the expansion of existing manufacturing units;
- Repayment and / or prepayment, in part or in full, of certain outstanding borrowings of our Company;
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- IIFL Capital Services Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
