CSM Technologies IPO GMP Today, Price & Details
CSM Technologies IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About CSM Technologies
CSM Technologies is an IT services company best known for building e-governance and digital-transformation software for government and public-sector clients. That focus gives it steady, contract-driven revenue but also ties it closely to public procurement cycles. The IPO was a mainboard offering on the NSE, sized at ₹145.78 Cr and priced at ₹107–113 per share with a face value of ₹10.
On the numbers, the company reported revenue of ₹165.52 Cr and net profit of ₹14.70 Cr, with a solid EBITDA margin of 14.69% and healthy return ratios of 18.49% RONW and 22.62% ROCE. A high NAV of ₹118.73 also points to a well-capitalised balance sheet.
This was a 100% fresh issue — the entire ₹145.78 Cr flows into the company. In an IT-services business, that capital typically funds talent, capability build-out, and working capital for larger projects, all of which support the next phase of growth.
CSM Technologies IPO — Investment Analysis
At the upper band of ₹113, CSM was valued at 28.18x earnings on an EPS of ₹3.80 — the fullest multiple among its mainboard peers this season. For a government-focused IT firm, that's a demanding price that leaves little room for disappointment.
The financial health itself is reasonable. A 14.69% EBITDA margin and 22.62% ROCE are respectable for mid-tier IT services, and the strong NAV of ₹118.73 signals balance-sheet strength. Revenue of ₹165.52 Cr is modest, though, so the company is still relatively small in scale.
The risks stand out more than usual here. Heavy dependence on government contracts means revenue can be lumpy and payment cycles slow, and the demanding 28.18x valuation offers little cushion. Client concentration and the pace of new order wins are the key things to watch.
Investor appetite was notably cool. The issue was subscribed just 1.63x overall, with QIBs at only 1.02x and retail at 1.63x — a lukewarm book that showed limited enthusiasm, and the stock duly had a flat-to-weak listing near its issue price. You can check the per-lot math with our IPO profit calculator. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
CSM Technologies IPO — Pros & Cons
Strengths
- A niche focus on e-governance and public-sector IT gives CSM sticky, contract-driven revenue and domain expertise that's hard for newcomers to replicate.
- Healthy return ratios for the space, with RONW of 18.49% and ROCE of 22.62% showing efficient use of capital.
- A strong balance sheet, reflected in a high NAV of ₹118.73, gives the company room to fund larger contracts.
- A 100% fresh issue means the full ₹145.78 Cr goes into the business rather than to selling shareholders.
- A respectable 14.69% EBITDA margin, decent for mid-tier IT services and a sign of reasonable project profitability.
Risks
- A demanding valuation at 28.18x earnings — the fullest among its peers — which leaves little margin of safety if growth disappoints.
- Heavy dependence on government contracts means lumpy revenue and slow payment cycles that can strain working capital.
- Cool investor demand, with the issue subscribed just 1.63x and QIBs at only 1.02x, signalled limited institutional conviction.
- A flat-to-weak listing near the ₹113 issue price offered no listing pop, underlining the muted sentiment.
- Modest scale, with revenue of ₹165.52 Cr, means the company is still small and more exposed to a few large contracts.
CSM Technologies IPO Details
| Company Name | CSM Technologies |
|---|---|
| IPO Type | MAINBOARD |
| Exchange | NSE |
| Price Band | ₹107 - ₹113 |
| Face Value | ₹10 per share |
| Lot Size | 132 shares |
| Min Investment | ₹14,916 |
| Total Issue Size | ₹145.78 Cr |
|---|---|
| Fresh Issue | ₹145.78 Cr |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | List of Issues managed, Keynote Financial Services Ltd. |
| IPO Status | Listed |
CSM Technologies IPO Dates
CSM Technologies IPO Listing Performance
CSM Technologies IPO listed on NSE on 02 Jul 2026 at ₹113, a premium of 0% over the issue price of ₹113. Investors who received allotment made a profit of ₹0 per lot (132 shares) on listing day.
CSM Technologies IPO — Key Highlights
- E-governance IT firm, mainboard NSE IPO of ₹145.78 Cr.
- A 100% fresh issue — all proceeds into the company.
- Return ratios of 18.49% RONW and 22.62% ROCE.
- Full valuation at 28.18x earnings on an EPS of ₹3.80.
- Cool demand — subscribed just 1.63x overall.
- Flat-to-weak listing near the ₹113 issue price.
CSM Technologies Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 |
|---|---|---|---|---|
| Revenue | 160.44 | 196.71 | 199.24 | 165.52 |
| Expenses | 138.88 | 180.83 | 180.19 | 146.45 |
| Net Income (PAT) | 15.82 | 12.55 | 14.09 | 14.70 |
| Margin (%) | 9.86% | 6.38% | 7.07% | 8.88% |
CSM Technologies IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹3.80 |
|---|---|
| P/E Ratio | 28.18x |
| NAV | ₹118.73 |
| Debt/Equity | 0.460 |
Return Metrics
| RONW (%) | 18.49% |
|---|---|
| ROCE (%) | 22.62% |
| EBITDA Margin | 14.69% |
| Employees | 1,327 |
CSM Technologies IPO Reservation / Allocation
CSM Technologies IPO Anchor Investors
| Bid Date | 23 June 2026 |
|---|---|
| Shares Offered | 17,70,120 shares |
| Anchor Portion (INR Cr.) | INR 20 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | 24 July 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | 23 September 2026 |
CSM Technologies IPO Peer Comparison
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
|---|---|---|---|---|---|
| CSM Technologies | 29.75 | 3.72 | 18.49 | 118.73 | 199.24 |
| Trigyn Technologies | 14.58 | 3.82 | 1.59 | 240.71 | 898.05 |
| Allied Digital Service | 24.44 | 4.91 | 5.34 | 106.73 | 807.07 |
| Dev Information Technology | 4.12 | 6.84 | 21.54 | 30.45 | 170.66 |
| Silver Touch Technologies | 11.91 | 17.50 | 16.60 | 105.44 | 288.38 |
CSM Technologies IPO Lead Manager & Registrar
Book Running Lead Manager
List of Issues managed, Keynote Financial Services Ltd.
IPO Registrar
Kfin Technologies Ltd.
CSM Technologies IPO — Frequently Asked Questions
What is CSM Technologies IPO GMP today?
As of today, the Grey Market Premium (GMP) for CSM Technologies IPO is ₹4 per share, indicating a potential listing premium of 3.5% above the issue price of ₹113.
What is the price band and lot size of CSM Technologies IPO?
CSM Technologies IPO has a price band of ₹107 to ₹113 per equity share with a face value of ₹10. The minimum lot size is 132 shares, requiring a minimum investment of ₹14,916 at the upper band.
What are the important dates for CSM Technologies IPO?
CSM Technologies IPO opens for subscription on 24 Jun 2026 and closes on 29 Jun 2026. Allotment is expected on 30 Jun 2026. The shares are expected to list on NSE on 02 Jul 2026.
What is the investor category allocation in CSM Technologies IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 50.00%, Non-Institutional Investors (NII/HNI): 15.00%, and Retail Individual Investors: 35.00%.
How can I apply for CSM Technologies IPO?
You can apply for CSM Technologies IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Kfin Technologies Ltd..
What was CSM Technologies IPO's price band and lot size?
CSM Technologies was priced at ₹107 to ₹113 per share, with a lot of 132 shares. At the upper band the minimum retail investment came to about ₹14,916, and the face value was ₹10.
What does CSM Technologies do?
CSM Technologies is an IT-services firm focused on e-governance and digital-transformation software, largely for government and public-sector clients — a niche that brings steady contracts but ties it to public procurement cycles.
How was the subscription and listing for CSM Technologies?
Demand was cool — the issue was subscribed just 1.63x overall, with QIBs at only 1.02x — and the stock had a flat-to-weak listing near its ₹113 issue price.
Is CSM Technologies IPO expensive?
On valuation, yes — at 28.18x earnings it was the fullest-priced among its mainboard peers this season, which leaves little room for error if growth slows.