CSM Technologies IPO
GMP, Subscription, Price, Dates & Financial Details
It - Software
Established in 1998, CSM Technologies Limited is a leading IT solutions and digital transformation company with deep expertise in Government Technology (GovTech). Over the past 27 years, the company has successfully delivered innovative technology solutions for both government and private sector…
Open Date
Wed, 24 Jun 2026
Close Date
Mon, 29 Jun 2026
Price Band
₹ 107 – 113
Lot Size
132
Issue Size
₹ 146.00 Cr
Minimum Investment
₹ 14,916 (132 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
CSM Technologies IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹146.00 Crore, comprising a fresh issue of 1.29 Crore equity shares aggregating to ₹146.00 Crore.
The CSM Technologies IPO remained open for subscription from June 24, 2026, to June 29, 2026. The basis of allotment was finalized on June 30, 2026, and the company's shares were listed on the NSE and BSE on July 02, 2026.
The company had fixed the price band at ₹107 to ₹113 per share, with a lot size of 132 shares. Retail investors were required to make a minimum investment of ₹14,916 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Keynote Financial Services Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, CSM Technologies Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
CSM Technologies IPO Timeline (Tentative)
- IPO Open Date
- Wed, 24 Jun 26
- IPO Close Date
- Mon, 29 Jun 26
- Basis of Allotment
- Tue, 30 Jun 26
- Initiation of Refunds
- Wed, 01 Jul 26
- Credit of Shares to Demat
- Wed, 01 Jul 26
- Listing Date
- Thu, 02 Jul 26 — NSE & BSE
Open Date
24 June 2026
Close Date
29 June 2026
Basis Of Allotment
30 June 2026
Listing Date
02 July 2026
IPO Subscription
Check Live Subscription →The CSM Technologies IPO has received bids for 1,51,28,124 shares against 1,11,30,880 shares offered, resulting in an overall subscription of 1.36x. the NII category is subscribed 1.54x, Retail Investors 1.62x, Employees 1.82x, and QIBs 1.02x. Within the NII category, BNII is subscribed 1.65x, while SNII is subscribed 1.33x.
QIB
1.02x
NII
1.54x
BNII
1.65x
SNII
1.33x
RII
1.62x
EMP
1.82x
Total
1.36x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 44,69,850 shares, representing 40.16% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 46,15,380 shares (41.46%), while Non-Institutional Investors (NIIs) receive 19,15,650 shares (17.21%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 4,615,380 | 41.46% |
| Non-Institutional | 1,915,650 | 17.21% |
| BNII | 1,277,100 | 11.47% |
| SNII | 638,550 | 5.74% |
| Retail Investors | 4,469,850 | 40.16% |
| Employees | 130,000 | 1.17% |
| Total | 11,130,880 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 206 | 154.55 | 124.45 | 80.02 |
| Revenue | 167.05 | 200.63 | 198.65 | 161.5 |
| Profit After Tax | 14.7 | 14.09 | 12.55 | 15.82 |
| Net Worth | 88.88 | 76.18 | 59.75 | 50.31 |
| Reserve & Surplus | 56.29 | 73.21 | 55.88 | 45.69 |
| Total Borrowings | 0 | 0 | 0 | 0 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
CSM Technologies Limited KPI Information
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 23.75 | 20.73 | 22.8 | 37.26 |
| ROCE % | 24.4 | 22.62 | 23.85 | 46.9 |
| Debt / Equity | 0.86 | 0.46 | 0.57 | 0.18 |
| RoNW % | 16.54 | 18.49 | 21 | 31.45 |
| Pat Margin % | 8.8 | 7.02 | 6.32 | 9.8 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| CSM Technologies Ltd | 10 | 0.00 | 3.72 | 3.72 | 18.49 | 118.73 |
| Trigyn Technologies Ltd | 10 | 14.58 | 3.82 | 3.82 | 1.59 | 240.71 |
| Allied Digital Service Ltd | 5 | 24.44 | 4.98 | 4.91 | 5.34 | 106.73 |
| Dev Information Technology Ltd | 2 | 4.12 | 6.85 | 6.84 | 21.54 | 30.45 |
| Silver Touch Technologies Ltd | 10 | 11.91 | 17.50 | 17.50 | 16.60 | 105.44 |
About CSM Technologies Limited
Established in 1998, CSM Technologies Limited is a leading IT solutions and digital transformation company with deep expertise in Government Technology (GovTech). Over the past 27 years, the company has successfully delivered innovative technology solutions for both government and private sector clients, helping organizations modernize operations, improve service delivery, and drive data-driven decision-making.
CSM specializes in developing e-governance platforms and digital infrastructure across a wide range of sectors, including agriculture, mining, education, healthcare, trade, tourism, urban development, social protection, and public services. The company serves as a long-term technology partner to governments, public sector undertakings (PSUs), development agencies, and enterprises, providing consulting, advisory, automation, and self-service solutions that enhance operational efficiency and citizen engagement.
Key Projects and Solutions
Agriculture
CSM has implemented several farmer-centric digital platforms that support agricultural development and financial inclusion, including:
- KRUSHAK Odisha – A comprehensive farmer empowerment platform.
- SAFAL – A credit facilitation system for farmers.
- GO SUGAM – A single-window service portal for fisheries and animal resources sectors.
- Kenya Seed Certification System – Enhancing seed quality assurance and certification processes.
- Ethiopia Wheat Rust Warning System – Supporting crop protection through predictive analytics.
- National Soil Information System – Enabling data-driven soil management and agricultural planning.
Education
The company has developed large-scale education technology platforms that streamline admissions, scholarships, and student management:
- SAMS Odisha – Student Academic Management System.
- OFSS Bihar – Online Facilitation System for Students for admission management.
- eSikshakosh – Digital education management platform.
- Unified Scholarship Portal – Centralized scholarship administration system.
Several of these initiatives have received prestigious national awards for excellence in e-governance and digital service delivery.
Governance and Citizen Services
CSM has developed AI and Machine Learning-powered governance solutions that improve citizen engagement and public service monitoring:
- Mo Sarkar – An AI-enabled grievance and feedback management system integrating call centers, analytics, and real-time citizen feedback mechanisms.
Industry and Trade
The company designed the Digital Logistics Management System (DLMS) for JSW Steel, which significantly improved logistics operations and was subsequently adopted by various state governments.
Urban Development
CSM has implemented digital governance solutions for urban administration, including:
- Integrated Land and License Management Systems (ILMIS)
- Property Tax Management Systems
- Municipal Administration Platforms across multiple African countries
Social Protection
The Social Protection Delivery Platform (SPDP) has been deployed in India, Ethiopia, and Gambia to improve welfare targeting, beneficiary identification, and social assistance delivery.
Investor Facilitation
CSM has developed single-window clearance and investor facilitation systems that simplify business approvals and regulatory processes:
- GO-SWIFT – Odisha's flagship investor facilitation platform.
- Similar systems for Chhattisgarh, Aurangabad Industrial City (AURIC), and Himachal Pradesh.
Analytics and Performance Monitoring
The company provides advanced analytics and dashboard solutions for governments, enabling real-time monitoring of program performance and administrative efficiency. Key implementations include state-wide performance monitoring systems in Odisha and Chhattisgarh.
Donor Aid Management
CSM has developed digital aid management platforms in Rwanda and Mozambique, enabling governments and development partners to track grants, donor funding, and aid utilization effectively.
Global Presence and Customer Base
CSM Technologies has established a strong international footprint across 12 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the United States, and Canada. Its diverse client portfolio includes government departments, public sector undertakings (PSUs), international development agencies, multilateral organizations, and private enterprises.
Order Book
As of June 30, 2025, CSM Technologies reported a robust order book of ₹31,732.96 lakh, reflecting strong demand for its digital transformation and GovTech solutions and providing significant revenue visibility for future growth.
CSM Technologies IPO Promoters
- Priyadarshi Pany
- Lagna Panda
Promoters Holding
Holding Pre Issue
94.90%
Holding Post Issue
94.90%
CSM Technologies IPO Objective
The Company CSM Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding working capital requirements of our Company
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
CSM Technologies Limited Address / Contact Details
CSM Technologies Ltd.
Plot No - E/56, Infocity-1
Chandrasekharpur, Dist.: Khurda, Khordha,
Bhubaneshwar, Odisha, 751024
Phone: +0674 6635900
Email: secretarial@csm.tech
Website: http://www.csm.tech/
IPO Snapshot
CSM Technologies IPO Lot Size
The CSM Technologies IPO has a lot size of 132 shares. Retail investors require a minimum investment of ₹14,916 by applying for 1 lot (132 shares). The maximum application allowed for the retail category is 13 lots (1,716 shares), requiring an investment of ₹1,93,908.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 132 | 14,916.00 |
| Retail (Max) | 13 | 1,716 | 193,908.00 |
| S-HNI (Min) | 14 | 1,848 | 208,824.00 |
| S-HNI (Max) | 67 | 8,844 | 999,372.00 |
| B-HNI (Min) | 68 | 8,976 | 1,014,288.00 |
Issue Reservation
- QIB — 41.46%
- NII — 17.21%
- RII — 40.16%
- EMP — 1.17%
Book Running Lead Managers
- Keynote Financial Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the CSM Technologies IPO?
CSM Technologies IPO is a Book-building IPO with a total issue size of ₹146 crore. The CSM Technologies IPO price band is ₹107 to 113 per share. The CSM Technologies IPO subscription opens on Wed, Jun 24, 2026, and closes on Mon, Jun 29, 2026. The CSM Technologies IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the CSM Technologies IPO.
When will the CSM Technologies IPO open for subscription?
The CSM Technologies IPO opens on Wed, Jun 24, 2026 and closes on Mon, Jun 29, 2026
What is CSM Technologies IPO Price Band?
CSM Technologies IPO Price Band is ₹107 to 113 per share.
What is CSM Technologies IPO Lot Size?
CSM Technologies IPO lot size is 132 shares, Retail investors need a minimum investment of ₹14916 based on the upper price band
What is the minimum investment for CSM Technologies IPO?
The minimum investment for CSM Technologies IPO is ₹14916, based on one lot of 132 shares at the upper price band of ₹113 per share.
How to apply for CSM Technologies IPO?
Investors can apply for the CSM Technologies IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jun 29, 2026. The application amount remains blocked until the CSM Technologies IPO allotment is finalized.
What is CSM Technologies IPO Issue Size?
CSM Technologies IPO issue size is ₹146 crores.
What is the CSM Technologies IPO Allotment Date?
CSM Technologies IPO allotment date is Tue, Jun 30, 2026.
Who is the CSM Technologies IPO Registrar?
The registrar for CSM Technologies IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check CSM Technologies IPO allotment status, refund processing, and other IPO-related information.
What is the CSM Technologies IPO GMP?
The CSM Technologies IPO GMP (Grey Market Premium) is ₹0 as of Thu, Jul 2, 2026. Based on the upper price band of ₹113 per share, the estimated CSM Technologies IPO listing price is ₹113, indicating a potential listing gain of approximately 0.00% over the issue price.
Who is the CSM Technologies IPO Lead Manager?
The book-running lead managers (BRLMs) for the CSM Technologies IPO are Keynote Financial Services Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the CSM Technologies IPO Red Herring Prospectus (RHP).