Upcoming IPO, April 16 -- Mumbai-based Seshaasai Technologies Limited has received final approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) for fundraising.

The company submitted its draft IPO documents to SEBI on December 27, 2024.

The proposed IPO consists of a fresh issue of equity shares worth up to Rs.600 crore, along with an offer for sale (OFS) of up to 39,37,008 shares by Pragnyat Pravin Lalwani and up to 39,37,007 shares by Gautam Sampatraj Jain.

In addition, the company may, in consultation with the Book Running Lead Managers (BRLMs), explore a pre-IPO placement of specified securities totaling up to Rs.120 crore. If undertaken, the amount raised through this pre-IPO pl...