Seshaasai Technologies Ltd. has announced public offering of 19221602 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 413.00 per share. The gross proceeds of the issue are expected to be Rs 81,307.38 lakhs.
The company's initial public offer (IPO) will open on 23 September 2025 and is expected to close on 25 September 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 402.00-423.00 per share.
The IPO includes a fresh Issue of 19221602 Equity Shares of the Company at an price of Rs 423.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 35 shares with bids in multiples of 35.
Seshaasai Technologies Ltd. anticipates using the proceeds of the issue for Funding capital expenditure for the expansion of existing manufacturing units, Repayment and / or prepayment, in part or in full, of certain outstanding borrowings of the Company, General corporate purposes.
IIFL Capital Services Limited,SBI Capital Markets Ltd.,ICICI Securities Ltd as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.