Khaitan & Co acted as Indian legal counsel to the issuer, Seshaasai Technologies Ltd and the promoter selling shareholders namely, Pragnyat Pravin Lalwani and Gautam Sampatraj Jain in relation to initial public offering (IPO) of equity shares by Seshaasai Technologies Ltd.
Seshaasai Technologies Ltd is a technology-driven, multi-location solutions provider specializing in payment systems, communications, and fulfilment services, with a primary focus on the banking, financial services, and insurance (BFSI) sector. It also offers Internet of Things (IoT) solutions to a diverse set of customers across industries and is one of the largest manufacturers of cheque leaves in India. It is the first company in India's payment systems, communications, and fulfilment services sector to launch an initial public offering.
The ₹ 813.07 crore IPO was subscribed 69.64 times.
The core team consisted of Sudhir Bassi (Executive Director), Soumya Mohapatra, (Partner), Mishi Malhotra (Associate), Charul Lunia (Associate).