CSM Technologies Limited
MainboardCSM • NSE
Issue details
Price band
₹107 - ₹113
Lot size
132 shares
Issue size
₹146 Cr
Min. investment
₹14,916
Registrar
KFin Technologies
Grey market premium
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IPO Timeline
Open
24 Jun
Close
29 Jun
Allotment
30 Jun
Listing
2 Jul
- Refunds & demat credit
- 1 Jul 2026
- Mandate end
- 14 Jul 2026
- Anchor lock-in 50%
- 30 Jul 2026
- Anchor lock-in 100%
- 28 Sep 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 132shares 1 lot · ₹14,916 | 1,716shares 13 lots · ₹1,93,908 |
| sNII (₹2L–₹10L) | 1,848shares 14 lots · ₹2,08,824 | 8,844shares 67 lots · ₹9,99,372 |
| bNII (above ₹10L) | 8,976shares 68 lots · ₹10,14,288 | No limit funds permitting |
Based on the upper price band of ₹113 and a lot of 132 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹146 Cr
1,29,01,000 shares
Shares pre-issue
3,87,02,472
Shares post-issue
5,16,03,472
Reservation
- QIB
- 63,85,500
- NII
- 19,15,650
- Retail
- 44,69,850
- Employee
- 1,30,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 3.64 | 3.8 |
| P/E | 31.05 | 29.75 |
| Market cap | ₹437.34 Cr. | ₹553.96 Cr |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 23.75% | 20.73% |
| ROCE | 24.40% | 22.62% |
| Debt/Equity | 0.86 | 0.46 |
| RoNW | 16.54% | 18.49% |
| PAT Margin | 8.80% | 7.02% |
| EBITDA Margin | 18.16% | 14.69% |
| NAV | 22.97 | 118.73 |
| Price to Book Value | 4.92 | 0.95 |
Financials
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total income | 167.05 | 200.63 | 198.65 | 161.5 |
| Profit after tax | 14.7 | 14.09 | 12.55 | 15.82 |
| EBITDA | 30.07 | 29.27 | 23.71 | 27.87 |
| Net worth | 88.88 | 76.18 | 59.75 | 50.31 |
| Assets | 206 | 154.55 | 124.45 | 80.02 |
| Reserves & surplus | 56.29 | 73.21 | 55.88 | 45.69 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding working capital requirements of the Company₹56 Cr
- 2.Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company₹22.63 Cr
- 3.Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes₹50.16 Cr
- 4.Issue Expenses₹17 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Fractal Analytics Ltd.Mainboard | ₹900 | 65.5 | ₹847.15 | -5.87% |
| Genxai Analytics Ltd.SME | ₹116 | 23.41 | ₹97.40 | -16.03% |
| Methodhub Software Ltd.SME | ₹194 | 24.19 | ₹162.90 | -16.03% |
| Logiciel Solutions Ltd.SME | ₹193 | 20.35 | ₹146.70 | -23.99% |
| Workmates Core2Cloud Solution Ltd.SME | ₹204 | 14.66 | ₹368.25 | +80.51% |
| Austere Systems Ltd.SME | ₹55 | 10.48 | ₹79.32 | +44.22% |
| Ace Alpha Tech Ltd.SME | ₹69 | 9.07 | ₹85.05 | +23.26% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.