Subscribe for Seshaasai Technologies Ltd IPO; Geojit Financial Services

Geojit Financial Services, 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 23, 2025.

Broker Research

September 23, 2025 / 14:43 IST

IPO

Geojit Financial Services, Seshaasai Technologies Ltd

Seshaasai Technologies Ltd. (STL), established in 1993 and headquartered in Mumbai, is a technology-driven provider of secure, integrated solutions. The company operates across multiple locations, delivering a wide range of offerings including payment solutions (debit, credit, prepaid, and transit cards), communication and fulfilment services, as well as IoT-based solutions. STL’s comprehensive portfolio caters to the varied requirements of clients across the banking, government, and enterprise sectors. The Indian payment cards market, valued at ₹9,071mn in FY20, expanded to ₹30,804mn by FY24. It is expected to nearly double, reaching ₹61,684mn by FY30, representing a CAGR of 12.3% over FY24–30.

Valuation and Outlook

Ongoing investments in automation, R&D, and capacity expansion position STL for scalable growth. Therefore, we assign a SUBSCRIBE rating for investors with a long-term perspective.

For all IPO report, click here