The initial public offer of Seshaasai Technologies Ltd. was subscribed 68.13 times on the last day of the share sale on Thursday, helped by strong participation from qualified institutional buyers.
The Rs 813 crore IPO received bids for 93,79,90,515 shares against 1,37,67,095 shares on offer, as per BSE data.
The quota for Qualified Institutional Buyers (QIBs) was subscribed 189.63 times. The non-institutional investors part attracted 49.89 times subscription, and the Retail Individual Investors (RIIs) portion got subscribed 9.17 times. The Employee's reserved quota was booked 9 times.
The Seshaasai Technologies IPO is a book-built issue of Rs 813.07 crore. It includes a fresh issue of 1.13 crore shares totalling Rs 480 crore and an offer-for-sale of 79 lakh shares amounting to Rs 333.07 crore.
The price band for the IPO has been set at Rs 402 to Rs 423 per share.
The allotment for the Seshaasai Technologies IPO will be finalised on Friday, September 26. The company's shares will be listed on the BSE and the National Stock Exchange on Tuesday, September 30.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the IPO's registrar.
Investors can check the Seshaasai Technologies IPO allotment status on the websites of BSE and NSE as well as on the official website of the registrar for the IPO, MUFG Intime India Pvt. Ltd.
How To Check Seshaasai Technologies IPO Allotment Status On MUFG Intime India?
Visit the IPO allotment page here. https://in.mpms.mufg.com/Initial_Offer/public-issues.html
From the company dropdown menu, select "Seshaasai Technologies Ltd." (This option will appear only after the allotment is finalised).
Choose one of the available options: PAN, Application Number, DP/Client ID, or Account No/IFSC.
Enter the corresponding details based on your selection.
Click Submit to view your allotment status.
How To Check Seshaasai Technologies IPO Allotment Status On BSE?
Visit the BSE's official IPO allotment page here https://www.bseindia.com/investors/appli_check.aspx.
Select equity as the issue type.
From the dropdown menu, choose "Seshaasai Technologies Ltd."
Enter your application number or PAN.
Complete the captcha verification.
Click search to view your allotment status.
How To Check Seshaasai Technologies IPO Allotment Status On NSE?
Visit the NSE IPO allotment page here. https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Click on Equity & SME IPO bid details.
From the company list, select "STYL".
Enter your PAN and application number.
Click submit to view your allotment status.
Seshaasai Technologies Ltd., founded in 1993, is a technology-driven solutions provider. The company specialises in payment solutions, communications, and fulfilment services, mainly for the banking, financial services and insurance (BFSI) sector. The company also provides IoT solutions to customers across various industries.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
