CSM Technologies IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 161.50 | 198.65 | 200.63 |
| Expense | 138.88 | 180.83 | 180.19 |
| Profit (PAT) | 15.82 | 12.55 | 14.09 |
| Total Assets | 80.02 | 124.45 | 154.55 |
| Company | P/E | EPS |
|---|---|---|
| Trigyn Technologies Limited | 19.42 | 3.82 |
| Allied Digital Service Limited | 33.79 | 4.98 |
| Dev Information Technology Limited | 6.29 | 6.85 |
| Silver Touch Technologies Limited | 41.47 | 17.50 |
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 Mainboard issue is scheduled to open for subscription on June 24, 2026 — 5 days from now.
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).
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.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
Related IPO
No comments yet. Be the first to share your opinion!