Seshaasai Technologies IPO Allotment: How To Check Status On BSE, NSE, MUFG Intime India

Seshaasai Technologies Limited is scheduled to finalise the allotment of shares for its ₹813.07-crore initial public offering (IPO) on Friday, September 26. The IPO opened for subscription on September 23 and closed today, September 25. It comprised a fresh issue of 1.13 crore shares worth

₹480 crore and an offer-for-sale component of 79 lakh shares amounting to ₹333.07 crore.

By the end of the bidding period on September 25, the Seshaasai Technologies IPO was oversubscribed 68 times, with bids received for 93,38,66,430 shares against 1,37,67,095 shares on offer, according to BSE. The Qualified Institutional Buyers (QIB) segment saw a subscription of 189.63 times, the Non-Institutional Investors (NII) portion was subscribed 50 times, and the retail quota recorded a subscription of 8.66 times. The IPO’s price band was set between

₹402 and ₹423 per share.

IIFL Capital Services Limited is the book running lead manager for the IPO, while MUFG Intime India Private Limited is the registrar of the issue.

How To Check IPO Allotment Status

On BSE:

Head to the BSE allotment page at https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

Select ‘Equity’ under the issue type.

Choose ‘Seshaasai Technologies Ltd’ from the dropdown menu.

Enter your Application Number or PAN.

Click ‘Search’ to view your allotment details.

On MUFG Intime India Private Limited:

Visit MUFG Intime’s IPO allotment page at https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Select one of the available links.

Choose ‘Seshaasai Technologies Ltd’ from the dropdown menu.

Enter your PAN, Application Number, or DP/Client ID to view the allotment details.

On NSE:

Investors can also check the allotment status on the NSE website using their PAN and application number.

Refunds for the Seshaasai Technologies IPO are scheduled to begin on Monday, September 29. On the same day, allotted shares will be credited to investors’ demat accounts. The tentative listing of the shares on the BSE and NSE is expected on September 30.

About The Company

Seshaasai Technologies Limited was founded in 1993. It is a technology-focused, multi-location solutions provider, offering payment solutions as well as communications and fulfilment services. The company primarily serves the banking, financial services and insurance (BFSI) sector. Its services are executed through 24 manufacturing units across seven locations in India.