look news india
Today another chance has come for those who invest money in the stock market. IT services and solutions company Seshaasai Technologies The Initial Public Offering (IPO) has opened on today i.e. 23 September and investors can invest in it by 25 September.
If you are also making up your mind to invest in this IPO, then let us know some special things related to it.
Anchor investors got great response
Anchor investors’ money in any IPO is considered a positive sign. Seshaasai Technologies have raised ₹ 243 crore from their anchor investors before opening the IPO, which shows that big investors trust this company.
Important information related to IPO:
- Price Band: The company has fixed a price band of ₹ 825 to ₹ 850 per share for its shares.
- Lot size: Investors will have to bid for a lot of 17 stocks of 17 shares, for which ₹ 14,450 will have to be invested.
- GMP (Gray Market Premium): According to market experts, the premium of this stock in the gray market is running around ₹ 210. This means that the market hopes that this stock can be listed above 25% from its issue price.
- Listing date: The listing of this IPO is expected on September 30, 2025.
What does the company do?
Seshaasai Technologies mainly offers services such as printing, mailing and data management to banks, financial institutions and government departments. The company’s business model and its clients are considered very strong.
Should you invest?
A good response from anchor investors and a strong premium of gray market is a good sign for this IPO. The company’s business is also stable. However, it is always better to do your own research and consult your financial advisor before making any investment in the stock market. Before investing money in IPO, understand the future plans and financial situation of the company.