CSM Technologies IPO
CSM Technologies, founded in 1998, is an IT company that provides technology solutions to both government and private organisations.
IPO GMP
₹0
+0.00% expected gain
Price Band
₹107 - ₹113
Lot Size
—
Min Investment
—
Listing Date
July 2, 2026
About CSM Technologies
Company overview, business, and key facts.
CSM Technologies, founded in 1998, is an IT company that provides technology solutions to both government and private organisations.
The company mainly focuses on GovTech (government technology) and digital transformation. It offers solutions for sectors such as mining, agriculture, trade, education, healthcare, tourism, and public services.
With 27 years of experience, CSM Technologies develops e-governance platforms and digital systems that help governments work more efficiently, make better decisions using data, and provide better services to citizens.
Founded
1998
Headquarters
Bhubaneshwar, Odisha
Promoters
Priyadarshi Pany, Lagna Panda
Website
http://www.csm.tech/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Industry Expertise: Extensive experience in providing solutions for digital transformation and IT services within industries like governance, mining, agriculture, education, health care, tourism, and other industries.
- Presence Across Multiple Geographies: Operations spread across many states in India as well as other countries like Africa, Canada, and USA.
- High Barriers for Entry: Operating within an industry which demands capability to execute projects successfully, knowledge in the specific domain, regulatory requirements, and customer satisfaction makes entry difficult for competitors.
Risks
- Project Tender and Execution Risk: The majority of projects undertaken by the company come from the tendering process. Lack of success in securing new tenders or executing projects on time may adversely impact the company's bottom line and prospects of growth in the future.
- Regulatory Risk in Relation to Promoter Group Disclosures: The company has been seeking exemption from SEBI regarding disclosures relating to the promoter group of its shareholdings. Delay in obtaining any such exemption may become a regulatory challenge.
- Government Contract Dependency Risk: The company faces the risk of disqualification, suspension, or blacklisting by government authorities. Any such action could restrict participation in government tenders and adversely affect business, cash flows, and reputation.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
CSM Technologies IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2025
+1%
11.5% a year over the period
Profit growth, 2025
+12.3%
-5.6% a year over the period
Profit margin (PAT)
7%
EBITDA margin 14.69%
ROE / ROCE
20.73% / 22.62%
As published in the offer document
Debt to equity
0.46
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: GMP history (fewer than 3 data points), post-IPO share count (market cap and P/E not computable).
IPO Analysis SummaryAI-generated
A plain-language review of CSM Technologies's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
CSM Technologies IPO Review
Analysis based on live GMP, subscription, and issue details.
CSM Technologies IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
The IPO has been subscribed 1.32x overall — QIB: 1.02x, NII: 1.52x, Retail: 1.53x.
CSM Technologies IPO subscription has closed. The shares are expected to list on July 2, 2026.
Key strengths include: Industry Expertise: Extensive experience in providing solutions for digital transformation and IT services within industries like governance, mining, agriculture, education, health care, tourism, and other industries.; Presence Across Multiple Geographies: Operations spread across many states in India as well as other countries like Africa, Canada, and USA.. Investors should note the following risks: Project Tender and Execution Risk: The majority of projects undertaken by the company come from the tendering process. Lack of success in securing new tenders or executing projects on time may adversely impact the company's bottom line and prospects of growth in the future.; Regulatory Risk in Relation to Promoter Group Disclosures: The company has been seeking exemption from SEBI regarding disclosures relating to the promoter group of its shareholdings. Delay in obtaining any such exemption may become a regulatory challenge..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
CSM Technologies IPO — Frequently Asked Questions
What is CSM Technologies IPO GMP today?
CSM Technologies IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0.00%. GMP is indicative and subject to change.
What is the price band of CSM Technologies IPO?
The price band for CSM Technologies IPO is ₹107 - ₹113.
When is CSM Technologies IPO allotment date?
CSM Technologies IPO allotment is expected to be finalised on June 30, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will CSM Technologies IPO list on NSE/BSE?
CSM Technologies IPO is expected to list on BSE, NSE on July 2, 2026.
How to check CSM Technologies IPO allotment status?
To check CSM Technologies IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for CSM Technologies IPO?
CSM Technologies IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of CSM Technologies IPO?
The lot size for CSM Technologies IPO has not been announced yet. Please check back closer to the IPO open date on ipolyst.com.