Archive · 29 Sep 2025
Seshaasai Technologies IPO: GMP Signals Strong Debut
Seshaasai Technologies, a tech company serving banks and other financial institutions, is entering the stock market.
The IPO raised money by selling new shares and some existing shares.
The initial public offering was priced between ₹402 and ₹423 per share.
Based on early trading predictions, the shares might start trading at a higher price.
The company plans to use the money to expand its manufacturing units, pay off debt, and for other business needs.
The IPO was very popular, with investors wanting to buy many more shares than were available.
Seshaasai Technologies IPO is set to list on September 30.
The IPO price band was between ₹402 and ₹423 per share.
Grey Market Premium (GMP) is ₹41, suggesting a positive market debut.
The IPO was oversubscribed by 69.64 times.
Proceeds from the IPO will fund expansion and debt repayment.
- Who
- Seshaasai Technologies
- What
- Initial Public Offering (IPO) listing
- When
- September 30
- Where
- N/A
- Why
- To raise capital for expansion, loan repayment, and general corporate purposes
N/A
N/A
N/A
N/A
N/A
N/A
N/A
- Company
- Seshaasai Technologies
- IPO Price Band
- ₹402 - ₹423 per share
- GMP
- ₹41
- Expected Listing Price
- ₹464
- IPO Subscription
- 69.64 times
- Fresh Issue Amount
- ₹480.00 crore
- OFS Amount
- ₹333.07 crore
- Listing Date
- September 30
Sources
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Ganesh Consumer Products shares make a flop market debut; stock lists at 8% discount
Disappointing debut: Ganesh Consumer Producsts lists at 8% discount
