Seshaasai Technologies IPO Opens: 'Subscribe For Long-Term' Says Geojit — Check Issue Details

A tech-driven, multi-location solutions provider offering payments, communications, and fulfillment services primarily to the BFSI sector- Seshaasai Technologies has fixed the price band between Rs 402 to Rs 423 per equity share..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Report.Seshaasai Technologies Ltd.'s IPO launched its initial public offering on Tuesday, Sept. 23, and will close on Thursday, Sept. 25. A tech-driven, multi-location solutions provider offering payments, communications, and fulfillment services primarily to the BFSI sector has fixed the price band between Rs 402 to Rs 423 per equity share.Investors can place bids starting from a minimum of 35 shares and in multiples thereafter.The Rs 813.07-crore IPO comprises of a fresh issue of 1.13 crore shares worth Rs 480 crore and an offer for sale of 0.79 crore shares worth Rs 333.07 crore.IIFL Capital Services Ltd. is the book-running lead manager while MUFG Intime India Pvt. Ltd. is the registrar for this IPO.The shares will be listed on both the National Stock Exchange and the BSE..Purpose of IPO Net proceeds will be used to partially fund a 1.2 GW TopCon solar cell and module manufacturing facility in Madhya Pradesh through its subsidiary, Kartik Solarworld Pvt Ltd. (Rs 420 crore). .Key Risks Over 79% of FY25 revenue came from a single client, SJVN Green Energy Ltd..Key strategies:Invest in the manufacturing capabilities for solar modules, BESS and solar PV TopCon cell.Grow the customer base by diversifying into new geographies and maintain relationships with the key customers and other stakeholdersExploring opportunities to expand the portfolio and scale the operations.Establish strong research and development capabilities to drive innovation and technological advancement..ViewAt the upper price band of Rs 351, Seshaasai Technologies is valued at 39× FY25 PE, which appears reasonable given its robust financial performance. While relatively smaller size of revenue, the company’s asset-light model, low leverage, and consistent profitability underscore its operational strength. With backward integration, strategic expansion plans, and a focused EPC approach, Seshaasai Technologies is well-positioned in India’s solar sector. Hence, we recommend a ‘Subscribe’ rating for long-term investors..Click on the attachment to read the full report:.Motilal Oswal Retains 'Buy' On Tata Consumer, Says Strong Harvest, Lower Tea Prices To Aid Profitability In H2.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Seshaasai Technologies IPO Opens: 'Subscribe For Long-Term' Says Geojit — Check Issue Details

With backward integration, strategic expansion plans, focused EPC approach, Seshaasai is well-positioned in India’s solar sector, hence the brokerage recommends Subscribe’ for long-term investors.

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