Florintree-backed Seshaasai shares list at 3% premium over IPO price
Seshaasai Technologies Limited, a technology-driven multi-location solutions provider, offering payment and communications solutions, got listed on BSE at Rs 436 per share, a premium of 3.07 percent, on Tuesday.
The issue was subscribed 68x times overall and Qualified Institutional buyers (QIB) portion subscribed a whooping 168 times. The issue comprises primary (Rs 600 crore) and secondary (Rs 333 crore) aggregating to Rs 933 crore at the upper end of the price band of Rs 423 per share.
The primary issue includes Rs 120 crore of Pre-IPO component, which was concluded just prior to the issue opening. Earlier, the issue had seen participation in its anchor book with participation from mutual funds like Nippon Life Asset management, ICICI…
