CSM Technologies IPO
Market Sentiment
IPO Details
Market Lot Size
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Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 161.50 | 198.65 | 200.63 | 167.05 |
| Expense | 138.88 | 180.83 | 180.19 | 146.45 |
| Profit (PAT) | 15.82 | 12.55 | 14.09 | 14.70 |
| Total Assets | 80.02 | 124.45 | 154.55 | 206.00 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Trigyn Technologies Limited | 3.82 | 19.42 | 1.59 | 240.71 | 898.05 Cr |
| Allied Digital Service Limited | 4.98 | 33.79 | 5.34 | 106.73 | 807.07 Cr |
| Dev Information Technology Limited | 6.85 | 6.29 | 21.54 | 30.45 | 170.66 Cr |
| Silver Touch Technologies Limited | 17.50 | 41.47 | 16.60 | 105.44 | 288.38 Cr |
Promoters: Priyadarshi Pany and Lagna Panda
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 3,87,02,472 | 94.90% |
| Promoter Holding Post Issue | 5,16,03,472 | 94.90% |
Strengths & Risks
- Strong return on equity — 21%.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
CSM Technologies, founded in 1998, is an IT company that provides technology solutions to both government and private organisations. The company mainly focuses on GovTech (government technology) and digital transformation. It offers solutions for sectors such as mining, agriculture, trade, education, healthcare, tourism, and public services. With 27 years of experience, CSM Technologies develops e-governance platforms and digital systems that help governments work more efficiently, make better decisions using data, and provide better services to citizens. The company also offers consulting, advisory services and self-service technologies that help governments and businesses automate processes and improve customer service. CSM Technologies operates in 12 countries, including **India, the United States, and Canada. Its clients include governments, PSUs, development agencies, and businesses.
| Purpose | Amount (Cr) |
|---|---|
| Funding working capital requirements of the Company | 53.00 |
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | 25.88 |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | - |
Resources & Documents
CSM Technologies Ltd., Plot No – E/56, Infocity-1, Chandrasekharpur, Dist.: Khurda, Khordha,, Bhubaneshwar, Odisha, 751024
CSM Technologies has set a price band of Rs 107–Rs 113 per share for an issue size of Rs 146 crore. The stock listed flat against its issue price.
CSM Technologies, founded in 1998, is an IT company that provides technology solutions to both government and private organisations. The company mainly focuses on GovTech (government technology) and digital transformation.
The issue is promoted by Priyadarshi Pany and Lagna Panda with Keynote Financial Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding working capital requirements of the Company (Rs 53 crore) and Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company (Rs 26 crore).
Grey market is quoting a premium of +Rs 4 (+3.5% over issue price). Final subscription data records overall subscription at 1.36x, retail at 1.61x, QIB at 1.02x, NII at 1.54x.
On fundamentals, the company is posting revenue growth of 1.0%, a profit margin of 7.0%, return on equity of 20.7% in its most recent reported period. Listed peers in this segment include Trigyn Technologies Limited (P/E 19.42x) and Allied Digital Service Limited (P/E 33.79x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
CSM Technologies IPO GMP — What It Means
The latest grey market premium for CSM Technologies IPO is ₹4 (+3.5%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For CSM Technologies it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full CSM Technologies GMP history and trend, or learn how grey market premium works and how reliable it is.
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