CSM Technologies IPO Details
The CSM Technologies IPO is a book build issue with a total issue size of ₹146 cr, comprising of fresh issue of 12901000 equity shares. CSM Technologies IPO opened for subscription on Jun 24, 2026 and closed on Jun 29, 2026. CSM Technologies IPO is set price band at ₹107 to ₹113 per share, with a lot size of 132 shares. Minimum investment for Retail investors was ₹14,916.00 (at the upper price band) to apply for one lot.
The basis of allotment is finalized on Jun 30, 2026, and the shares are likely to be listed on both the NSE and BSE on Jul 02, 2026.
Kfin Technologies Limited has been appointed as the registrar. Keynote Financial Services Ltd are the Book Running Lead Manager for the issue.
Before investing in the CSM Technologies IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 107 – 113
- Lot Size
- 132
- Issue Size
- ₹146 Cr
- Minimum Investment
- ₹14916 (132 Shares)
- Listing Date
- 02 July 2026
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
Address / Contact Info
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
Book Running Lead Managers
- Keynote Financial Services Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an 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 .
The CSM Technologies IPO opens on Wed, Jun 24, 2026 and closes on Mon, Jun 29, 2026
CSM Technologies IPO Price Band is ₹107 to 113 per share.
CSM Technologies IPO lot size is 132 shares, Retail investors need a minimum investment of ₹14916 based on the upper price band
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.
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.
CSM Technologies IPO issue size is ₹146 crores.
CSM Technologies IPO allotment date is Wed, Jul 1, 2026.
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.
The CSM Technologies IPO GMP (Grey Market Premium) is ₹0 as of Wed, Jul 1, 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% over the issue price.