CSM Technologies IPO
Bookbuilding IPO | ₹146.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Wed, Jun 24, 2026
IPO Close
Mon, Jun 29, 2026
Price Band
₹107.00 to ₹113.00
Market Cap (Pre-IPO)
₹583.12 Cr
IPO Details
| IPO Date | Jun 24, 2026 to Jun 29, 2026 |
| Listing Date | Tentative: Jul 02, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹107.00 to ₹113.00 |
| Lot Size | 132 Shares (Minimum: ₹14,916.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹146.00 Crores |
| Total Shares Offered | 12,901,000 shares |
| Fresh Issue | 12,901,000 shares |
| Offer For Sale | 12,901,000 shares |
CSM Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
CSM Technologies IPO Lot Size
Investors can bid for a minimum of 132 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 132 | ₹14,916 |
| Retail (Max) | 13 | 1,716 | ₹193,908 |
| S-HNI (Min) | 14 | 1,848 | ₹208,824 |
| S-HNI (Max) | 67 | 8,844 | ₹999,372 |
| B-HNI (Min) | 68 | 8,976 | ₹1,014,288 |
CSM Technologies Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 206.00 | 154.55 | 124.45 | 80.02 |
| Total Income | 167.05 | 200.63 | 198.65 | 161.50 |
| Profit After Tax | 14.70 | 14.09 | 12.55 | 15.82 |
| EBITDA | 30.07 | 29.27 | 23.71 | 27.87 |
| NET Worth | 88.88 | 76.18 | 59.75 | 50.31 |
| Reserves and Surplus | 56.29 | 73.21 | 55.88 | 45.69 |
| Total Borrowing | - | - | - | - |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 20.73% |
| ROCE (Return on Capital Employed) | 22.62% |
| Debt/Equity | 0.46 |
| RoNW (Return on Net Worth) | 18.49% |
| PAT Margin (Profit After Tax Margin) | 7.02% |
| EBITDA Margin | 14.69% |
| Price to Book Value | 0.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.64 | 3.80 |
| P/E (x) | 31.05 | 29.75 |
| Promoter Holding | 94.90% | 94.90% |
Company Promoters
- Priyadarshi Pany and Lagna Panda.
Company Overview
CSM Technologies – Company Overview
- Incorporated in 1998, CSM Technologies is a GovTech and digital transformation company providing technology solutions for government organizations, public sector enterprises, development agencies, and private enterprises.
- The company specializes in e-governance platforms, digital infrastructure, consulting, advisory services, automation solutions, and citizen-centric digital services across sectors such as agriculture, education, healthcare, mining, trade, tourism, urban development, and public administration.
- With over 27 years of experience, CSM Technologies has delivered large-scale digital transformation projects that help governments improve operational efficiency, enable data-driven decision-making, and enhance citizen service delivery.
- The company has developed and implemented several flagship platforms, including KRUSHAK Odisha, SAFAL, GO SUGAM, SAMS Odisha, OFSS Bihar, Mo Sarkar, GO-SWIFT, Social Protection Delivery Platform (SPDP), and Digital Logistics Management Systems.
- Its solutions leverage advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), analytics, dashboards, cloud computing, and workflow automation.
- The company serves a diverse customer base comprising government departments, public sector undertakings (PSUs), development agencies, and enterprises.
- CSM Technologies has an international presence across 12 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the United States, and Canada.
- As of March 31, 2026, the company's order book stood at ₹35,763.17 lakh.
- As of March 31, 2026, the company had 1,327 employees across its operations.
Company Strengths
- Deep sectoral expertise across a diversified spectrum of industries
- Proprietary technology driven innovations and patented technology developed in-house
- Extensive geographic footprint with scalable operations across key markets
- Established presence in a high-entry-barrier industry
- Experienced Promoters and Senior Management team, having domain knowledge
- Track record of healthy financial performance
Use of Proceeds
| 1) | Funding working capital requirements of the Company | 56.00 |
| 2) | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company | 22.63 |
| 3) | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | |
| Total | 78.63 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
CSM Technologies IPO Peer Comparison
CSM Technologies peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| CSM Technologies Ltd. | 3.72 | 3.72 | 118.73 | - | 18.49 | - | - |
| Trigyn Technologies Ltd. | 3.82 | 3.82 | 240.71 | 14.58 | 1.59 | 0.23 | - |
| Allied Digital Service Ltd | 4.98 | 4.91 | 106.73 | 24.44 | 5.34 | 1.12 | - |
| Dev Information Technology Ltd | 6.85 | 6.84 | 30.45 | 4.12 | 21.54 | 0.93 | - |
| Silver Touch Technologies Ltd | 17.50 | 17.50 | 105.44 | 11.91 | 16.60 | 1.98 | - |
Quick Info
| Sector | IT & IT-enabled Services (IT/ITeS) |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹583.12 Cr |
Important Dates
| IPO Open | Jun 24, 2026 |
| IPO Close | Jun 29, 2026 |
| Allotment Date | Jun 30, 2026 |
| Credit to Demat | Jul 01, 2026 |
| Listing Date | Tentative: Jul 02, 2026 |
Lead Manager(s)
Keynote Financial Services Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹145.78 crores.
- Issue Structure: Entirely a fresh issue of 1.29 crore shares totaling ₹145.78 crores.
- IPO Dates: The issue opens on June 24, 2026 and closes on June 29, 2026.
- Allotment Date: Expected to be finalized on June 30, 2026.
- Listing Details: Shares are proposed to be listed on National Stock Exchange of India (NSE) and BSE Limited (BSE) with a tentative listing date of July 2, 2026.
- Retail Investment Requirement: Minimum 1 lot (132 shares) amounting to approximately ₹14,916 (at the upper price band).
- sNII Investment Requirement: Minimum 14 lots (1,848 shares) totaling around ₹2,08,824.
- bNII Investment Requirement: Minimum 68 lots (8,976 shares) totaling around ₹10,14,288.
- IPO Price Band: ₹107 to ₹113 per equity share.
- Lot Size: 132 shares per lot.
This IPO offers investors an opportunity to participate in the information technology and digital transformation services sector, subject to market risks.