| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹145.78 Cr |
| Fresh Issue | ₹145.78 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹107.00-113.00 per share |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Keynote Financial Services Ltd. |
| Allotment Date (Tentative) | 30th Jun 2026 |
| DRHP | |
| RHP | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 132 shares and in multiples thereof
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 1998, CSM Technologies is one of the few IT solution providers that have delivered unique projects for both government and private clients. It specializes in GovTech and digital transformation, offering solutions across sectors like mining, agriculture, trade, education, healthcare, tourism, and public services.
The company has 27 years of experience in building e-governance platforms and digital infrastructure, working as long-term partners for government agencies. Its solutions help improve efficiency, enable data-driven decisions, and deliver citizen-focused services. The company also provides consulting, advisory, and self-service technologies to help governments and businesses automate and manage customer-facing processes.
Key Projects
As of June 30, 2025, its order book stood at Rs 31,732.96 lakhs.
Its market presence spans across 12 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the USA, and Canada. Its customer base comprises governments, PSUs, development agencies, and enterprises.
Competitive strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 56.00 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company | 22.63 |
| 3 | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | |
| Total | 78.63 |
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| 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 and Surplus | 56.29 | 73.21 | 55.88 | 45.69 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| 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 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.64 | 3.80 |
| P/E (x) | 31.05 | 29.75 |
| Promoter Holding | 94.90% | 94.90% |
| Market Cap | ₹583.12 Cr. | |