GMP IPO Watch
CSM Technologies IPO 2026: Price Band, GMP, Subscription Status, Financials and Complete IPO Review
CSM Technologies IPO opened for subscription on 24 June 2026 and has attracted investor at...
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C
Mainboard IPO
LISTED
NSE, BSE
CSM
CSM Technologies IPO
CSM Technologies IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹4
+3.5%
Est. Listing: ₹117.00
Price Band
₹107 - ₹113
Per equity share
Lot Size
132 Shares
Min Invest: ₹14,916
Issue Size
₹146 Cr
Fresh: Approx ₹146 Crores
Issue Dates
23 June 2026 – 28 June 2026
Bidding period
Subscription
1.36x
Total overall demand
CSM Technologies IPO Details
Key facts at a glance| IPO Open Date | 23 June 2026 | IPO Close Date | 28 June 2026 |
|---|---|---|---|
| Basis of Allotment | 29 June 2026 | Listing Date | 1 July 2026 |
| Price Band | ₹107 - ₹113 per share | Face Value | ₹10 per share |
| Market Lot Size | 132 Shares | Min Investment (Retail) | ₹14,916 |
| Total Issue Size | ₹146 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | Approx ₹146 Crores | Offer for Sale (OFS) | ₹0 Cr |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
CSM Technologies IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 23 June 2026 | Confirmed |
| IPO Close Date | 28 June 2026 | Confirmed |
| Basis of Allotment | 29 June 2026 | Tentative |
| Initiation of Refunds | 1 July 2026 | Tentative |
| Credit of Shares to Demat | 1 July 2026 | Tentative |
| IPO Listing Date | 1 July 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
CSM Technologies IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 132 Shares | ₹14,916 |
| Retail (Max) | 13 Lots | 1,716 Shares | ₹1,93,908 |
| S-HNI (Min) | 14 Lots | 1,848 Shares | ₹2,08,824 |
| S-HNI (Max) | 67 Lots | 8,844 Shares | ₹9,99,372 |
| B-HNI (Min) | 68 Lots | 8,976 Shares | ₹10,14,288 |
CSM Technologies IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹4 +3.5%
Estimated Listing Price
₹117.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 26 Jun 2026 | ₹4 | ₹117.00 | +3.54% |
| 25 Jun 2026 | ₹4 | ₹117.00 | +3.54% |
| 24 Jun 2026 | ₹4 | ₹117.00 | +3.54% |
| 22 Jun 2026 | ₹4 | ₹117.00 | +3.54% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
CSM Technologies IPO Subscription Status
Demand breakdown by investor category
Retail
1.61x
QIB
1.02x
NII / HNI
—
Total
1.36x
CSM Technologies Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2023 | — | ₹184.81 | ₹154.97 | — |
| 2024 | — | ₹206.45 | ₹175.85 | — |
| 2025 | — | ₹322.58 | ₹261.43 | — |
| Dec 2025 | — | ₹236.50 | ₹186.96 | — |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
CSM Technologies IPO Valuation & KPIs
Key metrics pre-issue
EPS
3.72 (Basic)
P/E Ratio
N/A
RoNW
18.49%
NAV per share
₹118.73
RoCE
22.62%
RoE
20.73%
Debt to Equity
0.46
PAT Margin
7.02%
EBITDA Margin
14.69%
CSM Technologies Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Powerica Limited | — | 15.26 | — | — | — |
| Cummins India Limited | — | 72.15 | — | — | — |
| Kirloskar Oil Engines Limited | — | 33.71 | — | — | — |
| NTPC Green Energy Limited | — | 0.67 | — | — | — |
| Acme Solar Holdings Limited | — | 4.55 | — | — | — |
| Adani Green Energy Limited | — | 8.37 | — | — | — |
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.
Key Strengths
- 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.
Key Risks
- 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.
CSM Technologies IPO Important Dates
Investors interested in applying for the CSM Technologies IPO should carefully note all key dates associated with the public issue. These dates include the IPO opening and closing period, allotment schedule, refund processing, demat credit timeline, and listing date.
Once the subscription period closes, the registrar will complete the allotment process. Successful applicants will receive shares in their demat accounts before the company's shares begin trading on the BSE and NSE.
| IPO Activity | Date |
|---|---|
| CSM Technologies IPO Open Date | June 24, 2026 |
| CSM Technologies IPO Close Date | June 29, 2026 |
| Basis of Allotment | June 30, 2026 |
| Refund Initiation | July 1, 2026 |
| Credit of Shares to Demat Account | July 1, 2026 |
| CSM Technologies IPO Listing Date | July 2, 2026 |
| IPO Bidding Cut-off Time | June 29, 2026 – 5:00 PM |
CSM Technologies - Business Overview
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.
CSM Technologies IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 24 Jun 2026 |
| IPO Close Date | 29 Jun 2026 |
| Basis of Allotment | 30 Jun 2026 |
| Refunds | 01 Jul 2026 |
| Credit to Demat Account | 01 Jul 2026 |
| IPO Listing Date | 02 Jul 2026 |
Note: The timeline for CSM Technologies IPO is tentative and subject to change.
CSM Technologies Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | Crores |
| 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 | ₹- |
Note: Objectives are as specified in the DRHP/RHP documents of CSM Technologies.
CSM Technologies Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹184.81 | ₹154.97 | - | - |
| 2024 | ₹206.45 | ₹175.85 | - | - |
| 2025 | ₹322.58 | ₹261.43 | - | - |
| Dec 2025 | ₹236.50 | ₹186.96 | - | - |
Note: Financial numbers for CSM Technologies are in ₹ Crores unless stated otherwise.
CSM Technologies Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 20.73% |
| ROCE | 22.62% |
| EBITDA Margin | 14.69% |
| PAT Margin | 7.02% |
| Debt to Equity Ratio | 0.46 |
| Earning Per Share (EPS) | 3.72 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 18.49% |
| Net Asset Value (NAV) | 118.73 |
Note: Valuation KPIs for CSM Technologies are computed for FY2026.
CSM Technologies Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Powerica Limited | 15.26 | - | - | - | - |
| Cummins India Limited | 72.15 | - | - | - | - |
| Kirloskar Oil Engines Limited | 33.71 | - | - | - | - |
| NTPC Green Energy Limited | 0.67 | - | - | - | - |
| Acme Solar Holdings Limited | 4.55 | - | - | - | - |
| Adani Green Energy Limited | 8.37 | - | - | - | - |
Note: Peer group comparisons for CSM Technologies are sourced from DRHP filings.
CSM Technologies IPO FAQs
CSM Technologies IPO opens for subscription on 23 June 2026 and closes on 28 June 2026.
The price band for CSM Technologies IPO is set at ₹107.00 to ₹113.00 per share.
The minimum market lot size is 132 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 132 Shares (₹14,916).
The latest Grey Market Premium (GMP) for CSM Technologies IPO is ₹4. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for CSM Technologies IPO is tentatively scheduled for 29 June 2026, and shares are expected to list on the stock exchanges on 1 July 2026.
The registrar details will be confirmed in the official prospectus.
CSM Technologies IPO Analysis & Articles
