ANKUR TYAGI
September 26, 2025 – The allotment status for the ₹813.07 crore Seshaasai Technologies IPO is expected to be finalised today, Friday, September 26. Investors who participated in the public offering can verify their allotment status online through the NSE, BSE, and the registrar MUFG Intime India.
IPO Subscription Highlights
The IPO received a strong response, recording 68.13 times subscription.
- QIBs: 189.63 times
- NIIs: 49.89 times
- Retail Investors: 9.17 times
In total, investors placed bids for 93.79 crore shares against an offer size of 1.37 crore shares.
IPO Structure
- Fresh Issue: ₹480 crore
- Offer for Sale (OFS): ₹333.07 crore (by promoters Pragnyat Pravin Lalwani and Gautam Sampatraj Jain)
- Price Band: ₹402 – ₹423 per share
- Lot Size: 35 shares
- Use of Funds: Expansion of manufacturing capacity, debt repayment, and general corporate purposes.
About Seshaasai Technologies
Seshaasai Technologies is a technology-driven solutions provider offering payment, communications, and fulfilment services. Its product portfolio includes debit cards, credit cards, prepaid cards, and mass transit cards. The company operates across multiple locations and focuses on secure digital and physical solutions.
Allotment & Listing Timeline
- Allotment Date: September 26, 2025 (finalisation expected by evening).
- Listing Date: Tuesday, September 30, 2025, at 10:00 AM.
How to Check Allotment Status
1. On NSE
- Visit: NSE IPO Allotment Status
- Select Equity & SME IPO bid details
- Choose Seshaasai Technologies (STYL)
- Enter PAN or Application Number
- Submit to view status
2. On BSE
- Visit: BSE Application Status
- Select Equity as Issue Type
- Choose Seshaasai Technologies Ltd
- Enter PAN or Application Number
- Complete CAPTCHA and click Search
3. On MUFG Intime India
- Visit: MUFG IPO Allotment Page
- Select Seshaasai Technologies Limited
- Enter Application No, DP/Client ID, PAN, or Account No/IFSC
- Submit to check status
Grey Market Premium (GMP)
As per market observers, Seshaasai Technologies shares are trading at ₹479 in the grey market, reflecting a 13.24% premium over the upper price band of ₹423.
📌 Disclaimer: Grey Market Premium (GMP) is unofficial and not regulated by SEBI or stock exchanges. Investors should rely on official sources and consult experts before making decisions.
Bottom Line
With oversubscription across categories and strong grey market signals, the Seshaasai Technologies IPO is one of the most anticipated listings this month. Investors will know their allotment status today, with listing set for September 30 on NSE and BSE.
Abhishek Sinha
