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STYL IPO

Seshaasai Technologies Limited

IPO Doc

Start Date23-09-2025

Application Timing10am-5pm

Price Range₹402 - ₹423

Min Qty35

Min. Investment₹14070

Listing Date30-09-2025

Close Date25-09-2025

About Seshaasai Technologies Limited

Seshaasai Technologies Limited, incorporated in 1993, is a technology-driven solutions provider primarily catering to the Banking, Financial Services, and Insurance (BFSI) sector. The company specializes in payment solutions, communication & fulfilment services, and IoT-powered platforms.

With 24 manufacturing units across 7 locations in India, Seshaasai delivers scalable solutions backed by proprietary platforms like RUBIC, eTaTrak, and IOMS. The company is certified by global institutions such as NPCI, PCI, and IBA, ensuring the highest standards of security and compliance.

Key Business Areas:

Payment Solutions: Debit/credit/prepaid cards, merchant QRs, wearables, cheques, and secure transaction stationery.

Communication & Fulfilment: Multi-channel solutions via the Rubic platform for account statements, compliance, and customer communication.

IoT Solutions: RFID & NFC-powered tags, labels, and readers for supply chain and product authenticity.

Why To Invest in Seshaasai Technologies Limited

Strong Industry Presence in the highly regulated BFSI payment solutions market.

Diverse Product Portfolio with offerings spanning payment, communication, and IoT solutions.

Healthy Financial Growth with PAT rising 31% in FY25 despite a revenue decline.

Advanced Technology Stack ensuring scalable, customizable, and secure solutions.

Expansion Focus with IPO proceeds allocated towards manufacturing capacity growth and debt reduction.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	1,160.39	958.41	782.54
Total Income	1,473.62	1,569.67	1,153.84
Profit After Tax	222.32	169.28	108.10
EBITDA	370.37	303.01	207.43
NET Worth	669.67	465.58	321.64
Reserves and Surplus	490.52	286.43	201.29
Total Borrowing	378.68	350.24	311.99

Strengths And Risks

Strong Industry Leadership: Seshaasai Technologies has a well-established position in the highly regulated BFSI payment solutions industry, which creates significant entry barriers for new competitors.

Large and Loyal Customer Base: The company enjoys long-standing relationships with leading banks, fintechs, and financial institutions, ensuring recurring business and stable revenues.

Proprietary Technology Platforms: With platforms like RUBIC, eTaTrak, and IOMS, the company provides scalable, customizable, and secure solutions, making it technologically competitive.

Pan-India Infrastructure: The presence of 24 advanced manufacturing units across seven locations in India provides the company with a strong operational footprint.

Experienced Management Team: Led by seasoned promoters and supported by a skilled workforce, the company has consistently demonstrated healthy financial performance.

Revenue Decline in FY25: Despite an increase in profitability, the company reported a 6% drop in revenue in FY25, which may indicate growth challenges.

High Sector Dependence: A major portion of business comes from the BFSI industry, exposing the company to sector-specific risks and regulatory changes.

Intense Market Competition: The payment and IoT solutions space faces strong competition from both domestic and global players, pressuring margins and market share.

Valuation Concerns: Post-issue valuation shows a P/E ratio of 30.79, which may appear high compared to peers, raising investor caution.

Rising Borrowings: The company’s borrowings stood at Rs. 378.68 crores in FY25, indicating financial leverage that could impact long-term sustainability.

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

Attention Investors:

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Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers should be avoided.

Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
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For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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STYL IPO

About Seshaasai Technologies Limited

Why To Invest in Seshaasai Technologies Limited