NewsIPOSeshasai Technologies Announces IPO: Aims to Raise Rs 813 Crore with Price Band of Rs 402-423Seshasai Technologies Announces IPO: Aims to Raise Rs 813 Crore with Price Band of Rs 402-423
Seshasai Technologies Limited has announced its IPO with a price band of Rs 402-423 per equity share, aiming to raise Rs 813 crore. The IPO includes a fresh issue of Rs 480 crore and an offer for sale of over 78.74 lakh equity shares. The subscription period is from September 23 to 25, with listing planned on both NSE and BSE. The company reported revenue of Rs 14,631.51 million and a profit of Rs 222.32 crore. At the upper price band, the P/E ratio is 28.09.
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Seshasai Technologies Limited, a leading provider of technology-driven payment, communication, and fulfillment solutions, has unveiled its Initial Public Offering (IPO) plans, setting the stage for one of the most anticipated listings in the tech sector.
IPO Details
The company has announced a price band of Rs 402 to Rs 423 per equity share for its upcoming IPO. At the upper end of the price band, Seshasai Technologies aims to raise a substantial Rs 813 crore. The IPO structure comprises:
- Fresh issue: Rs 480 crore
- Offer for sale: Over 78.74 lakh equity shares, amounting to Rs 333 crore
Key Dates
- Subscription opens: September 23
- Subscription closes: September 25
- Listing: Shares to be listed on both NSE and BSE
Offer for Sale Breakdown
The offer for sale component includes equal contributions from two promoters:
- Pragati Pravin Lalwani: Up to 39.37 lakh equity shares
- Gautam Samratraj Jain: Up to 39.37 lakh equity shares
Financial Highlights
Seshasai Technologies has demonstrated strong financial performance:
| Metric | Amount |
|---|---|
| Revenue | Rs 14,631.51 million |
| Profit | Rs 222.32 crore |
Valuation
At the upper price band, the company's P/E ratio stands at 28.09, which is higher compared to the Nifty 50's P/E ratio of 21.73.
Book Running Lead Managers
The IPO is being managed by a consortium of reputable financial institutions:
- IIFL Capital Services Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
Seshasai Technologies' IPO presents an opportunity for investors to participate in the growth story of a technology-driven company specializing in payment, communication, and fulfillment solutions. As always, potential investors are advised to carefully review the company's prospectus and consider their financial goals before making any investment decisions.
With its strong financial performance and strategic positioning in the tech sector, Seshasai Technologies' market debut will be closely watched by investors and industry observers alike.
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