Seshaasai Technologies544533Routine SEBI update

Crisil monitoring report: no deviation from IPO objects for quarter ended September 30, 2026

Seshaasai Technologies has shared the Monitoring Agency Report from Crisil Ratings for the quarter ended September 30, 2026.

By ScoutQuest · Mon 2 Nov 2026, 10:00 AM IST · 2 min read

Rs 6,000.00 millionGross proceeds from Fresh Issue and Pre-IPO proceeds monitored

IPO issue size4,800.03 million

Pre-IPO issue sizeRs 1,199.97 million

Gross proceeds from Fresh Issue and Pre-IPO proceeds monitored Rs 6,000.00 million: IPO issue size 4,800.03 million, Pre-IPO issue size Rs 1,199.97 million.

IPO issue size: 4,800.03 million
Net proceeds (Fresh Issue): 4,490.75 million
Gross proceeds monitored (Fresh Issue + Pre-IPO): Rs 6,000.00 million

What the update says

Seshaasai Technologies Ltd has submitted to the exchanges the Monitoring Agency Report issued by Crisil Ratings Limited for the quarter ended September 30, 2026. The report covers how the money raised from the Initial Public Offer (IPO) and the Pre-IPO placement has been used.

Deviation from stated objects

Deviation from the objects: Not Applicable
Range of Deviation: Not applicable

In simple terms, the monitoring agency is stating that the use of the proceeds is in line with the purposes for which the money was raised.

How much was raised

For the IPO (Fresh Issue)

Issue size: 4,800.03 million
Gross proceeds from the Fresh Issue: 4,800.03 million
Less: Issue Expenses: 309.28 million
Net Proceeds: 4,490.75 million

The IPO issue period ran from Monday, September 22, 2025 to Thursday, September 25, 2025, and the securities issued were Equity Shares.

For the Pre-IPO placement

Allotment date: August 11, 2025
Type of issue: Private placement
Type of specified securities: Equity Shares
Issue size: Rs 1,199.97 million

What the agency is monitoring

Crisil Ratings states it shall be monitoring the gross proceeds from the Fresh Issue and Pre-IPO Proceeds totalling to Rs 6,000.00 million.

Who signed the report

The report is signed by Shounak Chakravarty, Director, Ratings (LCG), for and on behalf of Crisil Ratings Limited. The company's covering letter is signed by Manali Siddharth Shah, Company Secretary and Compliance Officer.

What this means for a retail reader

A monitoring agency report is a periodic check on whether money raised from investors is being used for the purposes stated at the time of the offer. The key line here is the "Not Applicable" entry against deviation from objects, which indicates no deviation was reported for the quarter.

The report also notes that certain sections titled "Comments of the Board of Directors" are filled in by the issuer's management or audit committee after the agency submits its report, and that the monitoring agency has not reviewed those sections.

The issuer belongs to the Printing and Publication sector, and the promoters named in the report are Mr. Gautam Sampatraj Jain and Mr. Pragnyat Pravin Lalwani.

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