Overview

• Seshaasai opened at Rs 432 on the NSE and Rs 436 on the BSE versus a Rs 423 issue price, marking a muted debut.
• The Rs 813.07 crore offering was oversubscribed 68.13 times, drawing 9.38 crore bids for 1.38 crore shares.
• The IPO carried a Rs 402–423 price band, combining a fresh issue of Rs 480 crore with an offer for sale of Rs 333.07 crore.
• Grey-market premium was reported at Rs 41 before listing, implying an expected price near Rs 464, though such indicators are speculative.
• Proceeds are earmarked for about Rs 197.91 crore in capital expenditure, roughly Rs 300 crore in debt repayment, and general corporate purposes; IIFL Capital led the issue and MUFG Intime India was registrar.