Overview

• Seshaasai allotted 57.52 lakh shares to 17 anchor investors at Rs 423 each, with participants including Nippon India MF, ICICI Prudential MF, UTI MF, Motilal Oswal MF, Sundaram MF and Tata AIG General Insurance, according to a BSE circular.
• The offer size is about Rs 813 crore with a price band of Rs 402–423 per share, the subscription window runs September 23–25, and private trackers reported an unofficial grey market premium of Rs 113 on September 22.
• The issue comprises a fresh equity raise of roughly Rs 480 crore and an offer for sale of about Rs 333 crore, with promoters Pragnyat Pravin Lalwani and Gautam Sampatraj Jain among the sellers.
• Fresh issue proceeds are earmarked for around Rs 198 crore of capital expenditure, about Rs 300 crore toward repayment or prepayment of borrowings, and general corporate purposes.
• Serving payments, communications and fulfilment needs primarily for BFSI clients, the company reported FY25 revenue of about Rs 1,463 crore and profit after tax of Rs 222.32 crore.