EverestIMS Technologies SME IPO
EverestIMS Technologies IPO — date, price band, lot size & details 2026
EverestIMS Technologies listed on 8 Oct 2026 at ₹126, 48.2% above the ₹85 issue price.
EverestIMS Technologies Limited is a software company offering SaaS and on-premise IT operations products under its Infraon Infinity platform, covering IT service management, infrastructure monitoring, network configuration, AIOps and IT asset management. It sells directly and through its US subsidiary Infraon Corp and channel partners.
Stock price
EverestIMS 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 13 October.
- Open 29 Sep 2026
- Close 05 Oct 2026
- Allotment 06 Oct 2026
- Refund/credit 07 Oct 2026
- Listing 08 Oct 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Sep to 5 Oct, 2026 |
|---|---|
| Price Band | ₹80 – ₹85 |
| Face Value | ₹10 |
| Lot Size | 1600 Shares |
| Issue Size | ₹48.46 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 2,72,000 |
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 1600 shares at the ₹85 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 3,200 | ₹2,72,000 |
| Retail (max) | 2 | 3,200 | ₹2,72,000 |
| HNI (min) | 3 | 4,800 | ₹4,08,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01The margin is high, as expected in software, with a PAT margin of 23.66% and EBITDA of Rs 23.34 crore on income of Rs 65.91 crore in FY2026.
- 02Return on capital employed is strong at 40.71%, with RoNW of 33.53%.
- 03Sales have grown every year, from Rs 45.62 crore in FY2024 to Rs 57.78 crore in FY2025 and Rs 65.91 crore in FY2026.
- 04The issue is priced at about 14 times earnings on an EPS of Rs 6.07, which is modest for a software business.
- 05It owns its product, Infraon Infinity, rather than reselling someone else's software, so the value it builds stays with it.
- 06Selling as SaaS brings subscription income that repeats every year rather than one-off licence sales.
- 07It has a US subsidiary, Infraon Corp, and international channel partners, so it is not dependent on Indian customers alone.
- 08Net worth has nearly doubled in two years, from Rs 32.22 crore to Rs 60.59 crore.
Risks · 8
- 01Profit fell in the latest year, from Rs 14.08 crore in FY2025 to Rs 13.14 crore in FY2026, even though sales rose 14%.
- 02IT operations software is a crowded market with large global vendors that have far bigger budgets for product and sales.
- 03Channel partners and distributors bring in a part of the business, so the company does not fully control those customer relationships.
- 04Rs 24 crore of the issue goes into working capital, which is high for a software company and suggests customers take time to pay.
- 05The company is young, having been started in April 2017.
- 06There are eight promoters, and their combined holding falls from 80.38% to 58.98% after the issue.
- 07This is a fresh issue combined with an offer for sale, so a part of the money goes to the selling shareholders and not to the company.
- 08This is an SME issue. One lot is 1,600 shares, which is about Rs 1.36 lakh at the upper band of Rs 85, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the EverestIMS Technologies offer document.
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 90.27 | 67.82 | 50.47 |
| Total Income | 65.91 | 57.78 | 45.62 |
| Profit After Tax | 13.14 | 14.08 | 10.83 |
| EBITDA | 23.34 | 22.64 | 17.44 |
| NET Worth | 60.59 | 47.41 | 32.22 |
| Reserves and Surplus | 43.54 | 30.37 | 30.39 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the EverestIMS Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
EverestIMS Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹7.71 | ₹6.07 |
| P/E Ratio (x) | 11.02 | 14.00 |
| Market Cap at Offer Price (₹ Cr) | ₹144.86 | ₹183.92 |
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 ₹85 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
₹29.66 Cr of the issue is earmarked to named objects.
About the company
Its main platform is Infraon Infinity, which remotely monitors critical network devices, servers and applications so that problems are caught before they cause downtime. Its product range covers IT service management, IT infrastructure management, network configuration and change management, AI for IT operations, IT asset management and operation support systems for telecom operators.
It sells directly and through its subsidiary Infraon Corp in the United States, and also works with Indian and international channel partners, distributors and sales agents who find customers for it.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
080 - 46567100
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of EverestIMS Technologies?
The current Grey Market Premium is ₹50, or 58.82% over the issue price.
What is the EverestIMS Technologies IPO price band?
₹80 to ₹85, on a face value of ₹10.
When is the allotment?
The basis of allotment is 6 October 2026, with listing on 8 October 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard 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.
