Published: 18 June 2026 | 6.00 AM
Last Updated: 18 June 2026 | 8.00 PM
IPO Overview / Intro
CSM Technologies IPO is a mainboard book building issue comprising 1,29,01,000 equity shares. The IPO consists entirely of a fresh issue of shares.
The IPO opens for subscription on 24 June 2026 and closes on 29 June 2026. The shares are proposed to be listed on NSE and BSE with a tentative listing date of 02 July 2026.
CSM Technologies Ltd is an IT solutions provider focused on GovTech, e-governance platforms and digital transformation projects for government agencies, PSUs, development agencies and enterprises across India and international markets.
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | Book Building Mainboard IPO |
| Issue Size | 1,29,01,000 Shares |
| Fresh Issue | 1,29,01,000 Shares |
| Offer For Sale | Nil |
| Price Band | Rs. 107 to Rs. 113 Per Share |
| Face Value | Rs. 10 Per Share |
| Listing Exchange | NSE & BSE |
| Lot Size | 132 Shares |
| Retail Application | Rs. 14,916 |
| Market Cap | Rs. 583.12 Crore |
| Listing Date | 02 July 2026 |
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
CSM Technologies IPO GMP – Latest Update
| GMP Details | Value |
| CSM Technologies IPO GMP Today | Updating Soon |
| Kostak Rate | Updating Soon |
| Subject to Sauda (S2B) | Updating Soon |
CSM Technologies IPO Subscription Status – Live Update
| Category | Subscription |
| QIB Category | Updating Soon |
| NII Category | Updating Soon |
| Retail Category | Updating Soon |
| Total Subscription | Updating Soon |
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 24 June 2026 to 29 June 2026 |
| Listing Date | 02 July 2026 |
| Face Value | Rs. 10 Per Share |
| Price Band | Rs. 107 to Rs. 113 |
| Lot Size | 132 Shares |
| Issue Type | Book Building IPO |
| Listing At | NSE & BSE |
| Total Issue Size | 1,29,01,000 Shares |
| Fresh Issue | 1,29,01,000 Shares |
| Offer For Sale | Nil |
| Issue Size | Rs. 145.78 Crore |
| Shareholding Pre Issue | 3,87,02,472 Shares |
| Shareholding Post Issue | 5,16,03,472 Shares |
| Market Cap | Rs. 583.12 Crore |
IPO Timetable
| Event | Date |
| IPO Open Date | 24 June 2026 |
| IPO Close Date | 29 June 2026 |
| Basis of Allotment | 30 June 2026 |
| Refund Initiation | 01 July 2026 |
| Credit of Shares | 01 July 2026 |
| Listing Date | 02 July 2026 |
Reservation
| Investor Category | Reservation |
| QIB Shares Offered | Not More Than 50.00% Of Net Issue |
| NII Shares Offered | Not Less Than 15.00% Of Net Issue |
| Retail Shares Offered | Not Less Than 35.00% Of Net Issue |
| Total Shares Offered | 100.00% Of Net Issue |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | 1 | 132 | Rs. 14,916 |
| Retail Maximum | 13 | 1,716 | Rs. 1,93,908 |
| S-HNI Minimum | 14 | 1,848 | Rs. 2,08,824 |
| S-HNI Maximum | 67 | 8,844 | Rs. 9,99,372 |
| B-HNI Minimum | 68 | 8,976 | Rs. 10,14,288 |
Company Details
CSM Technologies Ltd was incorporated in 1998 and is an IT solutions company with strong experience in GovTech, e-governance, digital infrastructure and digital transformation projects.
The company provides technology platforms and digital solutions across mining, agriculture, trade, education, healthcare, tourism, urban development, social protection, public services and enterprise automation. Its solutions are used by government departments, PSUs, development agencies and private enterprises.
CSM Technologies has 27 years of experience in building e-governance platforms and long-term digital transformation projects. The company helps clients improve efficiency, enable data-driven decision-making and deliver citizen-focused services.
As of 31 March 2026, the company had an order book of Rs. 357.63 Crore. Its market presence spans across 12 countries including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the USA and Canada.
As of 31 March 2026, the company had 1,327 employees.
Competitive Strengths
| Key Strengths |
| Deep Sectoral Expertise Across Diversified Industries |
| Strong Presence In GovTech And Digital Transformation |
| Proprietary Technology Driven Innovations |
| Patented Technology Developed In-House |
| Geographic Presence Across 12 Countries |
| Established Presence In High Entry Barrier Industry |
| Experienced Promoters And Senior Management |
| Track Record Of Healthy Financial Performance |
IPO Objects
| Sr. No. | Objects of the Issue | Estimated Amount |
| 1 | Funding Working Capital Requirements Of The Company | Rs. 56.00 Crore |
| 2 | Prepayment Or Repayment Of Certain Outstanding Borrowings | Rs. 22.63 Crore |
| 3 | Inorganic Growth Through Unidentified Acquisitions, Strategic Initiatives And General Corporate Purposes | Balance Amount |
| Total | Total Identified Objects | Rs. 78.63 Crore |
Company Address
| Particulars | Details |
| Registered Office | Plot No – E/56, Infocity-1, Chandrasekharpur, Dist.: Khurda, Khordha, Bhubaneshwar, Odisha – 751024 |
| Phone | +91 0674 6635900 |
| secretarial@csm.tech |
Lead Manager & Registrar
| Particulars | Details |
| Lead Manager | Keynote Financial Services Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Registrar Phone | 04067162222, 04079611000 |
| Registrar Email | csmtechnologies.ipo@kfintech.com |
Financials
| Particulars (Rs. Crore) | 9M FY2026 | FY2025 | FY2024 | FY2023 |
| Total 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 & Surplus | 56.29 | 73.21 | 55.88 | 45.69 |
Valuation
Key Performance Indicators (KPI)
| KPI | 9M FY2026 | FY2025 |
| ROE | 23.75% | 20.73% |
| ROCE | 24.40% | 22.62% |
| Debt / Equity | 0.86 | 0.46 |
| RoNW | 16.54% | 18.49% |
| PAT Margin | 8.80% | 7.02% |
| EBITDA Margin | 18.16% | 14.69% |
| Price To Book Value | 4.92 | 0.95 |
EPS & Valuation
| Particulars | Pre IPO | Post IPO |
| EPS (Rs.) | 3.64 | 3.80 |
| P/E (x) | 31.05 | 29.75 |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 94.90% | 94.90% |
Chanakya View
Investment Summary
| Parameter | Observation |
| Business Segment | IT Solutions, GovTech And Digital Transformation |
| Industry Outlook | Strong Long-Term Potential |
| Revenue Growth | Stable |
| Profitability | Moderate |
| Order Book | Rs. 357.63 Crore As Of 31 March 2026 |
| Geographic Presence | 12 Countries |
| Employee Base | 1,327 Employees |
| Valuation | Moderate To Fair |
| Listing Liquidity | Mainboard Presence |
Positives
| Strengths |
| Strong GovTech And E-Governance Positioning |
| 27 Years Of Operating Experience |
| Presence Across Government, PSU And Enterprise Clients |
| Order Book Of Rs. 357.63 Crore |
| International Presence Across 12 Countries |
| Healthy ROE And ROCE |
| Positive EBITDA Margin And PAT Margin |
| Fresh Issue With No Offer For Sale |
Concerns
| Risks |
| Revenue Growth Has Been Moderate |
| FY2025 Total Income Was Nearly Flat Compared With FY2024 |
| Debt / Equity Increased In 9M FY2026 |
| Business Depends On Government And Institutional Projects |
| Project Execution And Receivable Cycles Need Monitoring |
| IT Services Sector Valuation Comparison Is Important |
CSM Technologies Ltd operates in the GovTech and digital transformation space where demand is supported by digitisation of government services, automation of public platforms, citizen-service delivery systems and data-led governance.
The company has built a strong presence across agriculture, education, governance, industry, trade, urban development, social protection, investor facilitation and analytics dashboards. Its long operating history and presence across 12 countries provide credibility in a high-entry-barrier technology segment.
Financially, the company has maintained profitability with PAT of Rs. 14.70 Crore for 9M FY2026 and Rs. 14.09 Crore in FY2025. EBITDA margin improved to 18.16% for 9M FY2026 compared with 14.69% in FY2025, while ROE and ROCE remain healthy.
However, revenue growth has been moderate and borrowings have increased. Investors should also consider the project-based nature of the business and dependence on government and institutional clients.
Considering its GovTech positioning, healthy margins, order book visibility, fresh issue structure and reasonable post-IPO P/E of 29.75x, CSM Technologies IPO may attract investor interest, especially if subscription and grey market trends remain supportive closer to the issue opening.
FAQs
What is CSM Technologies IPO GMP today?
CSM Technologies IPO GMP today is currently updating in the grey market. Investors should monitor live GMP movement closer to the IPO opening and listing date for better market sentiment assessment.
What is the CSM Technologies IPO price band?
CSM Technologies IPO price band is fixed at Rs. 107 to Rs. 113 per share.
What is the CSM Technologies IPO lot size?
CSM Technologies IPO lot size is 132 shares. The minimum retail application amount is Rs. 14,916.
When will CSM Technologies IPO list?
CSM Technologies IPO is expected to list on NSE and BSE on 02 July 2026.