Seshaasai Technologies IPO Day 3 Highlights: Seshaasai Technologies IPO entered its last and final day of bidding today, closing with over 68x bids.
Seshaasai Technologies IPO is a combination of a fresh issue of shares worth ₹480 crore and an OFS component of 78.74 lakh shares valued at ₹333 crore at the upper end. This takes the total issue size to ₹813 crore. The issue is being solid in the price band of ₹402-423 per share.
Proceeds from the fresh issue, amounting to ₹198 crore, will be allocated for the expansion of existing manufacturing units, ₹300 crore for debt repayment, and the remainder for general corporate purposes.
Seshaasai Technologies IPO GMP
Seshaasai Technologies IPO GMP is ₹55 as of today. With the price band of ₹423, Seshaasai Technologies IPO’s estimated listing price is ₹478, a premium of 13%.
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