The Verdict Is In! Seshaasai Tech IPO Allotment Status & GMP Revealed

The moment of truth has arrived for investors who eagerly participated in the Seshaasai Tech IPO! Today, May 24, 2024, marks the much-anticipated allotment date. After a highly subscribed offering, the question on every applicant's mind is: Did I get lucky? This detailed guide will walk you through the various methods to check your allotment status and provide insights into the latest Grey Market Premium (GMP).

Seshaasai Tech, an innovative IT and ITES solutions provider, concluded its initial public offering on May 22, 2024.

The SME IPO garnered significant attention, showcasing robust demand across all investor categories. The issue was priced at Rs 30 per share, with an issue size of Rs 26.97 crore. Now, as the allotment process concludes, investors are keen to determine their share allocation before the anticipated listing.

How to Check Your Seshaasai Tech IPO Allotment Status:

There are multiple convenient ways to check your allotment status.

Ensure you have your application number and PAN details handy.

1. Via the Registrar's Website (KFin Technologies Ltd.):

• Visit the official website of KFin Technologies Limited, the registrar for the Seshaasai Tech IPO.
• Navigate to the 'IPO Allotment Status' section.
• Select 'Seshaasai Tech Limited' from the dropdown menu.
• You will have three options to check your status:
  • Application Number: Enter your IPO application number.
  • DP ID/Client ID: Enter your DP ID and Client ID.
  • PAN: Enter your Permanent Account Number.
• Enter the Captcha code and click 'Submit'.

  Your allotment status will be displayed on the screen.

2. Via the BSE Website:

• Go to the BSE India website: bseindia.com/investors/appli_check.aspx
• Under 'Issue Type', select 'Equity'.
• From the 'Issue Name' dropdown, select 'Seshaasai Tech Limited'.
• Enter your Application Number.
• Enter your PAN details.
• Click on 'I'm not a robot' and then 'Search'.

  Your allotment status will appear.

3. Via the NSE Website (if applicable):

• For SME IPOs, primary listing usually happens on BSE SME. However, for broader access, some investors might prefer checking through the NSE portal if available.
• Visit nseindia.com/products/content/equities/ipos/ipo_login.htm (or search for IPO allotment status on NSE).
• Register or log in if prompted.
• Select 'Seshaasai Tech Limited' and provide your application details or PAN.

Seshaasai Tech IPO Subscription Details: A Glimpse of Demand

The Seshaasai Tech IPO witnessed an impressive subscription across all categories, reflecting strong investor confidence:

• Qualified Institutional Buyers (QIBs): Subscribed 15.25 times
• Non-Institutional Investors (NIIs): Subscribed 65.41 times
• Retail Individual Investors (RIIs): Subscribed 85.50 times
• Overall, the IPO was subscribed a staggering 58.75 times.

This overwhelming response suggests a high probability of good returns upon listing, but also means that allotment will be competitive, especially for retail investors.

Latest Grey Market Premium (GMP) for Seshaasai Tech IPO:

The Grey Market Premium (GMP) serves as an unofficial indicator of market sentiment and potential listing gains.

As of May 24, 2024, the Grey Market Premium for Seshaasai Tech IPO is reportedly Rs 18-20 per share. Given the issue price of Rs 30 per share, this suggests a potential listing price of around Rs 48-50, indicating a healthy premium of approximately 60-66% over the issue price. Please note that GMP is speculative and not an official indicator.

What Happens Next?

• Refunds/Unblocking: For those who were not allotted shares, the refund process will commence on May 27, 2024.

  Funds in ASBA accounts will be unblocked.

• Demat Account Credit: Shares for successful applicants will be credited to their Demat accounts by May 27, 2024.
• Listing Date: Seshaasai Tech is expected to list on the BSE SME platform on May 29, 2024.

Congratulations to all the successful allottees! For those who didn't receive an allotment this time, there are always new investment opportunities on the horizon.

Stay tuned for the listing performance!