CSM Technologies Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹107 - ₹113
- Lot size
- 132 shares
- Issue amount
- ₹145.78 cr
- Total subscription
- 1.36×
- Opens
- 24 Jun 2026
- Closes
- 29 Jun 2026
- Allotment
- 30 Jun 2026
- Listing
- 2 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 1,29,01,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,124
- Fresh issue
- ₹145.78 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,916
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,87,02,472
- Shares after issue
- 5,16,03,472
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 132 | ₹14,916 |
| sHNI | 14 | 1,848 | ₹2,08,824 |
| bHNI | 68 | 8,976 | ₹10,14,288 |
Share reservation
Subscription & GMP
Subscription by category
Reported 29 Jun 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 33,863 | 43,924 |
| EMPLOYEES | 0 | 801 |
| HNIs(10L +) | 691 | 63 |
| HNIs (2-10L) | 346 | 385 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 52.15 | 53.21 |
| FIIs | 0 | 33.58 |
| Others | 0 | 19.63 |
| RETAIL | 50.51 | 81.62 |
| NIB | 21.65 | 33.44 |
| HNIs 2+ | 7.22 | 9.59 |
| HNIs 10+ | 14.43 | 23.85 |
| EMPLOYEES | 1.47 | 2.68 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 3.8 | 3.72 | 3.32 | 4.19 |
| ROE | 23.75 | 20.73 | 22.8 | 37.26 |
| ROCE | 24.4 | 22.62 | 23.85 | 46.9 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 31.05 | 0 | 0 |
| POST IPO(PE) | 29.75 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| CSM Technologies Limited | 31.05 | 113.00 | 10.00 | 118.73 | 18.49 | 3.72 |
| Trigyn Technologies Limited | 14.58 | 55.70 | 10.00 | 240.71 | 1.59 | 3.82 |
| Allied Digital Service Limited | 24.44 | 119.99 | 5.00 | 106.73 | 5.34 | 4.91 |
| Dev Information Technology Limited | 4.12 | 28.15 | 2.00 | 30.45 | 21.54 | 6.85 |
| Silver Touch Technologies Limited | 11.91 | 208.36 | 10.00 | 105.44 | 16.60 | 17.50 |
Company information
Company profile
CSM Technologies, incorporated in 1998, is an IT solutions provider specializing in GovTech and digital transformation for both government and private clients across sectors like mining, agriculture, trade, education, healthcare, tourism, and public services. With 27 years of experience, the company has built e-governance platforms and digital infrastructure that improve efficiency, enable data-driven decisions, and deliver citizen-focused services, while also providing consulting, advisory, and self-service technologies for automating customer-facing processes. Key projects include agricultural platforms like KRUSHAK Odisha, SAFAL, and GO SUGAM; education platforms such as SAMS Odisha, OFSS Bihar, eSikshakosh, and the Unified Scholarship Portal; governance initiatives like AI/ML-based grievance systems Mo Sarkar; industry and trade solutions including the Digital Logistics Management System for JSW Steel; urban development platforms like ILMIS and Property Tax systems in Africa; social protection delivery platforms in India, Ethiopia, and Gambia; investor facilitation portals such as GO-SWIFT in Odisha and Chhattisgarh; analytics dashboards for real-time performance monitoring; and donor aid management systems in Rwanda and Mozambique. As of June 30, 2025, the company had an order book of ₹31,732.96 lakhs and a market presence spanning 12 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the USA, and Canada, serving governments, PSUs, development agencies, and enterprises.
Strengths
- Specialized IT Services Provider: Offers enterprise IT solutions, software development, and consulting services catering to a diverse set of industries.
- Growing Client Base: Works with both government and private sector clients, providing stable and recurring business opportunities.
- Scalable Business Model: Expansion in services and projects supports long-term growth and increasing operational efficiency.
Risk factors
- Project-Driven Revenue: Business largely depends on discrete IT projects, which can vary in size and timing, leading to revenue fluctuations.
- Working Capital Requirements: Continuous investment in manpower, technology, and project execution impacts cash flow cycles.
- Competitive IT Landscape: Faces strong competition from established IT companies, which can pressure pricing and margins.
Promoters
Priyadarshi Pany
Lagna Panda
Registrar & documents
Lead manager
Keynote Financial Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No - E/56, Infocity-1 Chandrasekharpur, Dist.: Khurda, Khordha, Bhubaneshwar, Odisha, 751024
+0674 6635900
[email protected]Company website ↗Understanding CSM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.