CSM Technologies IPO
CSM Technologies IPO — date, price band, GMP & allotment 2026
CSM Technologies IPO is scheduled to open for subscription on 24 June 2026 and close on 29 June 2026. Founded in 1998 and headquartered in Bhubaneswar, the company is a leading GovTech and digital transformation solutions provider. It offers IT consulting, e-governance platforms, cloud, AI, and enterprise technology services to governments and public sector organizations. The company has a strong presence across India and international markets including the USA, UAE, Canada, Kenya, and Rwanda.
Stock price
CSM Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 17 September.
- Open 24 Jun 2026
- Close 29 Jun 2026
- Allotment 30 Jun 2026
- Refund/credit 01 Jul 2026
- Listing 02 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 29 Jun, 2026 |
|---|---|
| Price Band | ₹107 – ₹113 |
| Face Value | ₹10 |
| Lot Size | 132 Shares |
| Issue Size | ₹145.78 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,916 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 132 shares at the ₹113 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 132 | ₹14,916 |
| Retail (max) | 13 | 1,716 | ₹1,93,908 |
| S-HNI (min) | 14 | 1,848 | ₹2,08,824 |
| S-HNI (max) | 67 | 8,844 | ₹9,99,372 |
| B-HNI (min) | 68 | 8,976 | ₹10,14,288 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Strong Position in GovTech Sector – The company has established itself as a leading provider of digital transformation and e-governance solutions for government organizations.
- 02Diverse Industry Presence – CSM serves multiple sectors including mining, agriculture, transport, education, healthcare, and public administration, reducing dependence on a single industry.
- 03Long Operating Track Record – With more than two decades of experience, the company has developed strong domain expertise and client relationships.
- 04Technology-Driven Service Portfolio – Its offerings in cloud computing, artificial intelligence, data analytics, and enterprise software position it well for future digitalization trends.
- 05Recurring Revenue Opportunities – Long-term maintenance contracts, software support services, and repeat government projects provide revenue visibility.
Risks · 5
- 01High Dependence on Government Contracts – A significant portion of revenue comes from government and public sector projects, making the company vulnerable to policy changes and budget allocations.
- 02Project Execution Risks – Delays in implementation, approvals, or client acceptance can impact revenues and profitability.
- 03Intense Competition – The company competes with large IT service providers and specialized technology firms for government and enterprise contracts.
- 04Client Concentration Risk – Dependence on a limited number of large projects or key clients may affect financial performance if contracts are delayed or discontinued.
- 05Technology Obsolescence Risk – Rapid technological changes require continuous investment in innovation, talent, and infrastructure to remain competitive.
Three years of numbers
All figures in ₹ crore, as reported in the CSM Technologies offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 167.05 | 200.63 | 198.65 |
| EBITDA | 30.07 | 29.27 | 23.71 |
| Net Profit | 14.70 | 14.09 | 12.55 |
| Debt | 30.07 | 29.27 | 23.71 |
| Assets | 206.00 | 154.55 | 124.45 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the CSM Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
CSM Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹3.64 | ₹3.80 |
| P/E Ratio (x) | 31.05 | 29.75 |
| Market Cap at Offer Price (₹ Cr) | ₹437.00 | ₹553.96 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹113 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹78.63 Cr of the issue is earmarked to named objects.
About the company
CSM Technologies offers a wide range of services including e-governance solutions, enterprise software development, cloud computing, artificial intelligence, data analytics, and IT consulting. Its business model is based on designing, implementing, and maintaining technology-driven solutions for government departments and enterprises, generating revenue through project execution, software licensing, and long-term support contracts. The company has established a strong presence across India and has also expanded its operations to international markets, serving clients in Asia, Africa, the Middle East, and North America.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+0674 6635900
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Keynote Financial Services
1 issue handled1 of their issues has listed so far, and 0 opened above the issue price (average -5.7%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of CSM Technologies?
The current Grey Market Premium is ₹0.
What is the CSM Technologies IPO price band?
₹107 to ₹113, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 June 2026, with listing on 2 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
