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IPO Listed — 02 Jul 2026

Listing Price: ₹113 (+0% vs ₹113)

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CSM Technologies

CSM Technologies IPO Review

CSM Technologies IPO has been reviewed by 3 analysts, and the overall consensus is Avoid — carrying a score of 27. Out of the 3 analysts who have covered this IPO, 1 recommend subscribing while 2 advise caution or avoidance — reflecting a cautious view from the analyst community.

The issue is priced in the band of ₹107-113 per share , with a minimum application size of 132 shares (minimum investment of approximately ₹14,916 at the upper band) . Subscription ran from 24 Jun 2026 to 29 Jun 2026. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

CSM Technologies is an IT services company. Revenue was ₹200.63 crore in FY25 and ₹167.05 crore for the nine months to December 2025, with profit of ₹14.70 crore in that period. Analyst opinion was negative: two of the four covering it said avoid, one said subscribe and one gave no rating.

Listing Gains

The notes value the issue at about 29.7 to 30 times annualised FY26 earnings, and both avoid ratings describe that as overvalued against listed peers. One adds that the pricing outweighs the positives on operating leverage. With avoid ratings outnumbering subscribes, the coverage pointed to a weak listing.

Short Term Strategy

Profit has been broadly flat, at ₹12.55 crore in FY24, ₹14.09 crore in FY25 and ₹14.70 crore in the nine months to December 2025. EBITDA improved to ₹30.07 crore. The notes did not see enough near-term operating leverage to justify the multiple being asked.

Long Term Strategy

The bearish notes flag exposure to technological change in the IT industry as the central long-term risk, in a business without obvious scale advantages. The single positive note rests on steady execution. Across the coverage, the long-term debate was less about the business and more about what it is worth.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Table of Contents

Analyst Sentiment

Analytical Score

How it's calculated?
Avoid
27 / 100

Recommend Subscribe

Based on 3 analyst reviews

1 / 3

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst Verdict View
GEPL Capital
GEPL Capital
Avoid
BP Equities
BP Equities
Avoid
Vibhor Varshney
Vibhor Varshney
Apply
JM Financial
JM Financial
Not Rated

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Frequently Asked Questions

Should I apply for CSM Technologies IPO?

Based on analyst coverage tracked on this page, the overall verdict for CSM Technologies IPO is Avoid. Out of 3 analysts who have reviewed this IPO, 1 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 27 mean for CSM Technologies IPO?

The score of 27 is an aggregate of all analyst ratings tracked for CSM Technologies IPO. A score in this range signals that most analysts are advising caution or outright avoidance. Scroll down to read individual analyst verdicts for more context.

What was the actual listing price of CSM Technologies IPO?

CSM Technologies IPO listed on July 2, 2026 at ₹113 , against the issue price of ₹113 — a gain of +0% (₹0 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of CSM Technologies IPO?

CSM Technologies IPO was priced at ₹107-113 per share. The minimum lot size is 132 shares, making the minimum investment approximately ₹14,916 at the upper end of the price band. Subscription ran from 24 Jun 2026 to 29 Jun 2026.

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