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IPO ·
BSE, NSE
CSM Technologies Ltd
Listed
Incorporated in 1998, CSM Technologies is one of the few IT solution providers that have delivered unique projects for both government and private clients.
Issue details
Price band
₹107 – ₹113
Face value
₹10
Lot size
132 shares
Minimum investment
₹14,916
Issue size
₹145.78 Cr
Fresh issue
₹145.78 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
24 Jun 2026
Closes
29 Jun 2026
UPI mandate cut-off
5:00 PM on 29 Jun 2026
Allotment
30 Jun 2026
Refunds
1 Jul 2026
Shares in demat
1 Jul 2026
Listing
2 Jul 2026
Subscription and listing
Subscription
1.14x
Listing price
₹113
Registrar
Kfin Technologies Ltd
Lead manager
Keynote Financial Services
Subscription by category
Total
1.14x
Total applications
43,938
Anchor investors
Amount raised
₹20.00 Cr
Bid date
23 Jun 2026
50% lock-in ends
30 Jul 2026
Rest lock-in ends
28 Sep 2026
Listing day
Issue price
₹113
Open
₹113.00
High
₹113.00
Low
₹107.35
Day close
₹107.35
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
63,85,500
49.50%
Anchor Investor Shares Offered
17,70,120
13.72%
QIB (Ex. Anchor) Shares Offered
46,15,380
35.78%
NII Shares Offered
19,15,650
14.85%
bNII > ₹10L
12,77,100
9.90%
sNII < ₹10L
6,38,550
4.95%
Retail Shares Offered
44,69,850
34.65%
Employee Shares Offered
1,30,000
1.01%
Total Shares Offered
1,29,01,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 1%, PAT up 12%, ROE 23.75%, D/E 0.86, post-issue P/E 29.75x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 1998, CSM Technologies is one of the few IT solution providers that have delivered unique projects for both government and private clients. It specializes in GovTech and digital transformation, offering solutions across sectors like mining, agriculture, trade, education, healthcare, tourism, and public services. The company has 27 years of experience in building e-governance platforms and digital infrastructure, working as long-term partners for government agencies. Its solutions help improve efficiency, enable data-driven decisions, and deliver citizen-focused services.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
23.75%
ROCE
24.40%
Debt / equity
0.86
PAT margin
8.80%
P/E post issue
29.75
Market cap
₹583.12 Cr
Use of IPO money
Funding working capital requirements of the Company
₹56.00 Cr
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company
₹22.63 Cr
Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
₹50.16 Cr
Issue Expenses
₹17.00 Cr
Strengths
✓
ROE of 23.75% and ROCE of 24.40%
✓
Moderate leverage: debt to equity 0.86
Risks to watch
!
Modest PAT margin of 8.80%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.