Seshaasai Technologies IPO
Seshaasai Technologies Limited (STYL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 September 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +38.4% (likely range +35% to +61%), day's high +44.3%, chance of a gain 92%. Actual: +2.1% at the open, +3.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 38,29,528 | 72,61,88,155 | 190x | |
| NII (HNI) total | 29,64,696 | 14,78,98,485 | 49.9x | |
| Big NII (above ₹10 lakh) | 19,76,464 | 10,42,88,310 | 52.8x | |
| Small NII (₹2-10 lakh) | 9,88,232 | 4,36,10,175 | 44.1x | |
| Retail | 69,17,623 | 6,34,06,490 | 9.17x | |
| Employees | 55,248 | 4,97,385 | 9.00x | |
| Total | 1,37,67,095 | 93,79,90,515 | 68.1x |
Bids on NSE and BSE together, as published by NSE, as of 25 Sep 2025, 07:00 PM. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Seshaasai Technologies's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Atlanta ElectricalsSep 2025 | 195x | 54.2x | 10.4x | 70.6x | ₹697 Cr | +13.7% | +14.7% |
| SBFC FinanceAug 2023 | 193x | 49.1x | 11.0x | 70.2x | ₹1,082 Cr | +43.9% | +67.5% |
| Jupiter Life Line HospitalsSep 2023 | 187x | 34.8x | 7.73x | 63.7x | ₹886 Cr | +32.4% | +50.9% |
| Rashi PeripheralsFeb 2024 | 144x | 62.8x | 10.4x | 59.7x | ₹633 Cr | +9.2% | +10.2% |
| IndegeneMay 2024 | 198x | 55.1x | 7.95x | 69.9x | ₹1,840 Cr | +44.9% | +46.0% |
| Bansal Wire IndustriesJul 2024 | 146x | 51.5x | 13.6x | 59.6x | ₹785 Cr | +39.1% | +45.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| IIFL Capital Services | 94 | +19.3% | 71% |
| ICICI Securities Limitedand SBI Capital Markets | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Seshaasai Technologies IPO price band and lot size? ₹402–423 per share, with a lot of 35 shares, so the smallest retail bid is ₹14,805.
How many times has it been subscribed? 68.1x overall: QIB 190x, NII 49.9x, retail 9.17x, employees 9.00x.
How did it list? It opened at ₹432, +2.1% against the issue price of ₹423, and closed its first day -2.7%.
