Seshaasai Technologies Ltd - IPO

Seshaasai Technologies Ltd IPO Details

Initial public offering of up to 19,226,541 equity shares of face value of Rs. 10/- each (Equity Shares) of Seshaasai Technologies Limited (Company or Issuer) for cash at a price of Rs. 423 per equity share (Including a Share Premium of Rs. 413 per Equity Share) (Offer Price) aggregating up to Rs. 813.07 crores (The Offer) comprising of a fresh issue of up to 11,347,588 equity shares of face value of Rs. 10/- each aggregating up to Rs. 480.00 crores (Fresh Issue) and an offer for sale of up to 7,874,015 equity shares of face value of Rs. 10/- each (Offered Shares) aggregating up to Rs. 333.07 crores comprising up to 3,937,007 equity shares aggregating up to Rs. 166.54 crores by Gautam Sampatraj Jain and up to 3,937,008 equity shares aggregating up to Rs. 166.54 crores by Pragnyat Pravin Lalwani (Promoter Selling shareholders and such offer for sale of equity shares by the promoter selling shareholders, the Offer for Sale). The offer shall constitute 11.88 % of the post-offer paid up equity share capital of the company.

Objective of issue

Funding capital expenditure for the expansion of existing mfg. Repayment and or prepayment in part or in full of certain outstanding borrowings of the company. General corporate purposes.

Seshaasai Technologies Ltd Contact Details

Seshaasai Technologies Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - companysecretary@seshaasai.com

Website - www.seshaasai.com