Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of CSM Technologies Ltd. on January 28, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
CSM Technologies Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 1.29 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Keynote Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to CSM Technologies IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,29,01,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 1,29,01,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 3,87,02,472 shares |
| Share Holding Post Issue | 5,16,03,472 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Sep 25, 2025 |
| SEBI/Exchange approval received | Wed, Jan 28, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1998, CSM Technologies is one of the few IT solution providers that have delivered unique projects for both government and private clients. It specializes in GovTech and digital transformation, offering solutions across sectors like mining, agriculture, trade, education, healthcare, tourism, and public services.
The company has 27 years of experience in building e-governance platforms and digital infrastructure, working as long-term partners for government agencies. Its solutions help improve efficiency, enable data-driven decisions, and deliver citizen-focused services. The company also provides consulting, advisory, and self-service technologies to help governments and businesses automate and manage customer-facing processes.
Key Projects
As of June 30, 2025, its order book stood at Rs 31,732.96 lakhs.
Its market presence spans across 12 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the USA, and Canada. Its customer base comprises governments, PSUs, development agencies, and enterprises.
Competitive strengths
CSM Technologies Ltd.'s revenue increased by 1% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 154.55 | 124.45 | 80.02 |
| Total Income | 200.63 | 198.65 | 161.50 |
| Profit After Tax | 14.09 | 12.55 | 15.82 |
| EBITDA | 29.27 | 23.71 | 27.87 |
| NET Worth | 76.18 | 59.75 | 50.31 |
| Reserves and Surplus | 45.69 | 55.88 | 73.21 |
| Total Borrowing | 32.17 | 30.04 | 5.55 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 53.00 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | 25.88 |
| 3 | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 20.73% |
| ROCE | 22.62% |
| Debt/Equity | 0.46 |
| RoNW | 18.49% |
| PAT Margin | 7.02% |
| EBITDA Margin | 14.69% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 94.90% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fixed fees payable to Book Running Lead Manager | |
| 2 | Underwriting /Selling Commission to the BRLM | |
| 3 | Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Issue(s), Brokerage and Syndicate Fees, bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 4 | Fees payable to the Registrar to the Issue | |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and SE processing fees, book building software fees and other regulatory expenses | |
| 6 | Printing and distribution of stationery | |
| 7 | Advertising and marketing expenses | |
| 8 | Fees payable to legal counsel | |
| 9 | Fees payable to other advisors to the Issue, including but not limited to Statutory Auditors, industry report provider, and practising company secretary; and | |
| 10 | Miscellaneous expenses |
Lead Manager Reports
CSM Technologies IPO is a main-board IPO of 1,29,01,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The CSM Technologies IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in CSM Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in CSM Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CSM Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CSM Technologies IPO dates are not announced. Please check back again after some time.
CSM Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in CSM Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for CSM Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the CSM Technologies IPO allotment status.
The CSM Technologies IPO listing date is not yet announced. The tentative date of listing is .
