SME

IPO ·

BSE SME

EverestIMS Technologies Ltd

Listed

Bengaluru software firm selling IT operations tools (ITSM, network monitoring, AIOps) on its Infraon platform.

Issue details

Price band

₹80 – ₹85

Face value

₹10

Lot size

1,600 shares

Minimum investment

₹2,72,000

Issue size

₹48.46 Cr

Fresh issue

₹39.05 Cr

Offer for sale

₹9.41 Cr

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

29 Sep 2026

Closes

5 Oct 2026

UPI mandate cut-off

5:00 PM on 5 Oct 2026

Allotment

6 Oct 2026

Refunds

7 Oct 2026

Shares in demat

7 Oct 2026

Listing

8 Oct 2026

Subscription and listing

Subscription

294.22x

Listing price

₹126

Registrar

Maashitla Securities Pvt Ltd

Lead manager

Oneview Corporate Advisors Pvt Ltd

Subscription by category

QIB (Ex Anchor)

148.63x

NII *

548.61x

bNII (> ₹10L)

657.72x

sNII (< ₹10L)

330.39x

Individual Investor

268.29x

Total

294.22x

Total applications

2,04,926

Anchor investors

Amount raised

₹13.71 Cr

Bid date

28 Sep 2026

50% lock-in ends

5 Nov 2026

Rest lock-in ends

4 Jan 2027

Listing day

Issue price

₹85

Open

₹126.00

High

₹126.97

Low

₹119.70

Day close

₹119.70

Listing gain at open

+48.24%

Issue structure

Shares reserved per category and share of the total issue

QIB

27,00,800

47.38%

Anchor Investor

16,12,800

28.29%

QIB (Ex. Anchor)

10,88,000

19.09%

NII

8,16,000

14.31%

bNII > ₹10L

5,44,000

9.54%

sNII < ₹10L

2,72,000

4.77%

Retail

18,97,600

33.29%

Market Maker

2,86,400

5.02%

Total

57,00,800

100.00%

Finaccle’s quick read

Avoid

FY26 PAT fell about 7% to ₹13.14 Cr even as income rose 14%, a declining-profit flag under the screen despite a 23.66% PAT margin and post-issue P/E of 14.00.

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

EverestIMS Technologies is a Bengaluru-based software company selling SaaS and on-premise IT operations tools through its Infraon Infinity platform. Its modules cover IT service management, infrastructure and network management, AIOps, asset management and OSS for enterprise and telecom customers, and it has a US subsidiary. It employed 230 people and earned about ₹66 Cr of total income in FY26.

Founded

2017

2017

Promoters

Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar, Deepak Gupta

Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar, Deepak Gupta

Products and segments

Infraon Infinity platform: ITSM, ITIM, NCCM, AIOps, ITAM, OSS; software products and services

Infraon Infinity platform: ITSM, ITIM, NCCM, AIOps, ITAM, OSS; software products and services

Promoter holding

80.38% pre-issue; 58.98% post-issue

80.38% pre-issue; 58.98% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

65.91

65.91

23.34

13.14

13.14

60.59

—

—

90.27

FY25

FY25

57.78

57.78

22.64

14.08

14.08

47.41

—

—

67.82

FY24

FY24

45.62

45.62

17.44

10.83

10.83

32.22

—

—

50.47

ROE

40.30%

ROCE

40.71%

Debt / equity

—

PAT margin

23.66%

P/E post issue

14.00

Market cap

₹183.92 Cr

Use of IPO money

IT hardware for AI Innovation and Experience Lab

₹5.66 Cr

Working capital

₹24.00 Cr

General corporate purposes

₹5.49 Cr

Issue expenses

₹4.84 Cr

Strengths

✓

Own AI-driven IT operations software platform

✓

High PAT margin of 23.66%

✓

Reasonable post-issue P/E of 14.00

✓

Mostly fresh issue funding working capital

Risks to watch

!

PAT fell about 7% in FY26 despite 14% income growth

!

OFS of about ₹9.41 Cr

!

Working capital heavy for a software business

!

Competes with large global ITSM and AIOps vendors

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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.