CSM Technologies IPO
LISTEDMAINBOARDCSMListing Performance
▲ 0.00%
Issue Price
₹113
Listing Price
₹113
Listed On
02 Jul 2026
- Price Band
- ₹107 – ₹113
- Lot Size
- 132
- Lot Value
- ₹14,916
- Open Date
- 24 Jun24 Jun 2026
- Close Date
- 29 Jun29 Jun 2026
- Min Investment
- ₹14,916
CSM Technologies — Stock Performance
About CSM Technologies
CSM Technologies Limited is an IT and IT-enabled services company that provides GovTech solutions, digital transformation services, e-governance platforms, and digital infrastructure support. Incorporated in 1998, the company designs, develops, and implements technology solutions for government agencies, public sector organisations, enterprises, and development agencies. Its offerings are aimed at improving operational efficiency, enabling data-driven decision-making, and delivering citizen-centric services. The company also provides consulting and advisory services, self-service technologies, system integration, automation, cloud, cybersecurity, and related IT services. CSM serves multiple sectors, including mining and allied services, government and public services, agriculture and allied services, industry and trade facilitation, education, healthcare, and tourism. Revenue is generated through the execution of technology projects and service contracts, many of which are awarded through competitive bidding processes, particularly by government entities. The company also has an international presence across multiple countries. Discuss on Trading Q&A
Provides IT and GovTech solutions including software solutions for mining, government services, agriculture, trade facilitation, education, healthcare, and tourism sectors.
Use of IPO Proceeds
Total allocation: ₹78.63 Cr (excludes issue expenses)
Promoters
Priyadarshi Pany
Chairman, CEO and Managing Director · age 52
Approximately 28 years of experience in the information technology and information technology enabled services sector.
Pre-issue: 93.6%
Lagna Panda
Whole-Time Director and Chief Human Resources Officer · age 48
Over 25 years of experience in the field of human resource management for the information technology sector.
Pre-issue: 0%
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: Equity
Strengths (5)
- •CSM Technologies has over 27 years of experience in delivering e-governance and digital transformation projects.
- •The company specialises in GovTech solutions across sectors such as agriculture, mining, education, healthcare, and public services.
- •It has long-standing relationships with government agencies and enterprise customers through successful project execution.
- •The company has a presence in multiple international markets, including Africa, North America, and India.
- •It offers a broad range of technology services, including software development, system integration, cloud, cybersecurity, and consulting.
Risk Factors (5)
- •A significant portion of revenue depends on government projects awarded through competitive bidding processes.
- •Failure to win new contracts or complete projects on time could adversely affect business performance.
- •The company faces intense competition from other IT services and technology solution providers.
- •Rapid technological changes require continuous investment in innovation and new solution development.
- •Non-compliance with government IT, cybersecurity, accessibility, or procurement regulations could impact operations and reputation.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 0.96x (QIB 0.68x, NII 1.37x, Retail 1.07x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 132 | ₹14,916 |
| Retail (max) | 13 | 1,716 | ₹1,93,908 |
| S-HNI (min) | 14 | 1,848 | ₹2,08,824 |
| S-HNI (max) | 67 | 8,844 | ₹9,99,372 |
| B-HNI (min) | 68 | 8,976 | ₹10,14,288 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 5 |
|---|---|---|---|---|
| QIB | 0.00x | 0.29x | 0.68x | 0.68x |
| sNII (S-HNI) | 0.13x | 0.34x | 0.94x | 0.94x |
| bNII (B-HNI) | 0.66x | 1.37x | 1.58x | 1.58x |
| Retail | 0.26x | 0.49x | 1.07x | 1.07x |
| Total | 0.19x | 0.50x | 0.96x | 0.96x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
1.07x
Allotment Ratio
1 lot per 2 applicants
Allotment Probability
~93.5%
Non-Institutional Investors (NII / HNI)
Subscription
1.37x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
0.68x
Allotment Type
Discretionary allotment
Total Subscription
0.96x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
24 Jun 2026 · Wed
Issue Closes
29 Jun 2026 · Mon
UPI Deadline
29 Jun 2026 · Mon
Allotment
30 Jun 2026 · Tue
Refund
01 Jul 2026 · Wed
Share Credit
01 Jul 2026 · Wed
Listing
02 Jul 2026 · Thu
Issue Opens
24 Jun 2026 · Wed
Issue Closes
29 Jun 2026 · Mon
UPI Deadline
29 Jun 2026 · Mon
Allotment
30 Jun 2026 · Tue
Refund
01 Jul 2026 · Wed
Share Credit
01 Jul 2026 · Wed
Listing
02 Jul 2026 · Thu
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | Equity |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹146.00 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
Financial data not available yet.
Check the valuation yourself
Company Fundamentals
9 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹0.39 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: CSM Technologies offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in CSM Technologies's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in CSM Technologies's filing.
Source: CSM Technologies offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: CSM Technologies offer document (DRHP/RHP).
Board & Management
Board of Directors (5)
- Priyadarshi Pany₹1.28 Cr p.a.
Chairman, CEO and Managing Director
Approximately 28 years of experience in the information technology and information technology enabled services sector
- Lagna Panda₹0.76 Cr p.a.
Whole-Time Director and Chief Human Resources Officer
Bachelor's degree in commerce from Utkal University, Bhubhaneshwar; Post-graduate diploma in management from the Institute of Business Administration & Training, Bhubhaneshwar
Over 25 years of experience in the field of human resource management for the information technology sector
- Prasant Mohapatra₹0.02 Cr p.a.
Independent Director
Bachelor's degree of science in engineering (electrical) from Regional Engineering College, Rourkela; Master's degree of science in mathematics from the University of Rhode Island; Doctorate of philosophy in computer engineering from the Pennsylvania State University
Over 22 years in the field of academics
- Bibekananda Satapathy₹0.02 Cr p.a.
Independent Director
Bachelor's degree in commerce from Utkal University, Bhubhaneshwar; Fellow member of the Institute of Chartered Accountants of India; Associate member of the Institute of Cost Accountants of India
30 years of experience in the field of finance
- Soumendra Kumar Das₹0.02 Cr p.a.
Independent Director
Bachelor's degree of science in engineering (electronics and telecom.) from Sambalpur University, Burla; Postgraduate diploma in management from Xavier Institute of Management, Bhubhaneshwar
27 years of experience in the field of technology industry
Key Managerial Personnel (8)
- Neeraj Sahni
Chief Financial Officer
Bachelor's degree of commerce from the University of Delhi; Member of the Institute of Chartered Accountants of India since January 1998; Member of the Institute of Cost and Works Accountants of India since September 1997
Over 21 years of experience in finance and accounts
- Shweta Janardhan Sharma₹0.11 Cr p.a.
Company Secretary and Compliance Officer
Associate member of the Institute of Company Secretaries of India
Over 13 years of experience in the secretarial field
- Mrutyunjaya Panda₹0.35 Cr p.a.
Chief Operating Officer
Diploma in electrical engineering from the Kalinga Institute of Mining Engineering and Technology, Chendipada
Over 28 years of experience in the operations and management sector
- Pradyut Mohan Dash₹0.35 Cr p.a.
Chief Technology Officer
Bachelor's degree in science from Sambalpur University, Odisha; Master's degree in science from Sambalpur University, Odisha
Over 24 years of experience in technology field
- Sankarsan Dash₹0.33 Cr p.a.
Chief Service Delivery Officer
Provisional degree in business administration from Sambalpur University, Odisha, Rourkela; Master's degree in computer application from Biju Patnaik University of Technology, Odisha
About 21 years of experience in delivery operations
- Ashwini Kumar₹0.80 Cr p.a.
Vice President & Zonal Head (North)
Bachelor's degree of technology in computer science and engineering from Biju Patnaik University of Technology, Odisha, Rourkela; Post graduate diploma in IT management from Symbiosis University, Pune
Over 17 years of experience in business development and sales and marketing
- Alok Kumar Swain₹0.39 Cr p.a.
Vice President & Sector Head (Mining)
Bachelor's degree in science from Fakia Mohan University, Odisha; Master's degree in computer application from Biju Patnaik University of Technology, Odisha
Over 18 years of experience in programming and sales
- Dhiren Kumar Behera₹0.28 Cr p.a.
Senior Vice President- Project Management
Bachelor's degree in science from Utkal University, Odisha; Master's degree in computer application from Jain University, Bengaluru
About 23 years of experience in project management and developing software
Source: CSM Technologies offer document (DRHP/RHP).
Industry & Market
Per IMARC, CareEdge Research, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| CSM Technologies Limited | — | 3.72 | 18.49 | 118.73 |
Material Litigation
CSM Technologies filed a trademark cancellation petition against Scrum Alliance Inc. in August 2022 to cancel the respondent's 'CSM' trademark registration in Class 42, alleging non-use and unfair trade practice; the matter is currently pending with the respondent having filed a counterstatement. The company faces 22 tax proceedings (7 direct tax at pre-litigation stage with no amount involved, and 15 indirect tax cases totaling ₹1,101.25 lakhs), though no material tax proceedings are separately identified.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Documents
Frequently Asked Questions
When is the CSM Technologies IPO opening?
The CSM Technologies IPO opens on 24 Jun 2026 and closes on 29 Jun 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the CSM Technologies IPO?
The price band for the CSM Technologies IPO is ₹107 to ₹113. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the CSM Technologies IPO?
The minimum lot size is 132 shares with a minimum investment of ₹14,916. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of CSM Technologies IPO today?
The latest Grey Market Premium for CSM Technologies is ₹2 (+1.80%). GMP is unofficial data and is not a guarantee of listing price.
When will the CSM Technologies IPO list on NSE and BSE?
The CSM Technologies IPO is expected to list on 02 Jul 2026 on Equity. Actual listing day trading begins at the start of the normal market session.
How can I check the CSM Technologies IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the CSM Technologies IPO a mainboard or SME issue?
CSM Technologies is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the CSM Technologies IPO?
You can apply for the CSM Technologies IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of CSM Technologies IPO?
The GMP-implied price (unofficial, not a forecast) is ₹115: the upper price band of ₹113 plus the latest grey market premium of ₹2, as of 29 Jun 2026, 03:00 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for CSM Technologies IPO?
Based on the retail subscription of 1.07x, the estimated allotment ratio is 1 lot per 2 applicants (approximately 93.5% chance of allotment). This is an estimate and actual allotment may vary.
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