Subscribe for Seshaasai Technologies Ltd IPO; Anand Rathi

Anand Rathi, has come out with its report on Seshaasai Technologies Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on September 22, 2025.

Broker Research

September 23, 2025 / 12:59 IST

IPO

Anand Rathi, Seshaasai Technologies Ltd

Seshaasai Technologies Limited is a technology-driven multi-location solutions provider focused on offering payments solutions, and communications and fulfilment solutions catering primarily to the banking, financial services and insurance (“BFSI”) industry, with data security, and compliance at the core of their solutions. Solutions that they offer at scale and on a recurring basis, driven by their proprietary platforms, play a crucial role in enabling the operations and deliverables of the BFSI sector in India. They also offer Internet of Things (“IoT”) solutions to a diverse set of customers across industries. They are one of the top two payments card manufacturers in India with a market share of 31.9% in Fiscal 2025 for credit and debit cards issuance in India, improving from 25.0% in Fiscal 2023. They are one of the largest manufacturers of cheque leaves in India.

Valuation and Outlook

Additionally, they plan to expand their offerings internationally, targeting the SAARC region, parts of Africa, and Eastern Europe. Considering these factors, the IPO appears fully priced and merits a “SUBSCRIBE – LONG TERM” recommendation.

For all IPO report, click here