Seshaasai Technologies IPO Day 2 Highlights: The initial public offering (IPO) of payments solutions provider Seshaasai Technologies Ltd has entered its second day of bidding period. Seshaasai Technologies IPO was fully subscribed on the first day itself, and two more days of the bidding are remaining.
Seshaasai Technologies IPO opened for subscription on Tuesday, September 23, and will close on Thursday, September 25. The IPO allotment date is likely September 26, and the IPO listing date is September 30. Seshaasai Technologies shares will be listed on both the stock exchanges, BSE and NSE.
Seshaasai Technologies IPO price band is set at ₹402 to ₹423 per share. At the upper-end of the price band, the company plans to raise ₹813.07 crore from the book-building issue which is a combination of fresh issue of 1.13 crore equity shares worth ₹480 crore, and an offer-for-sale (OFS) component of 78.74 lakh shares aggregating to ₹333.07 crore. The issue includes a reservation of up to 52,219 shares for employees offered at a discount of ₹40 to the issue price.
Seshaasai Technologies IPO Subscription Status
Seshaasai Technologies IPO has been subscribed 3.09 times so far till 5:00 PM on Day 2. The Retail Investors category has been booked 2.92 times, while the Non Institutional Investors (NII) segment has been subscribed 5.99 times. The Qualified Institutional Buyers (QIBs) category received 1.13 times subscription so far.
Seshaasai Technologies IPO GMP Today
Seshaasai Technologies IPO Day 2 Highlights: Seshaasai Technologies IPO GMP today fell to ₹55 per share from ₹75 earlier. This signals that Seshaasai Technologies shares are expected to list at ₹478 apiece in the grey market, a premium of 13% to its issue price of ₹423 per share.
Stay tuned to our Seshaasai Technologies IPO Day 2 Live Blog for the latest updates.
