About CSM Technologies IPO
CSM Technologies Limited is set to launch its IPO for public subscription on June 24, 2026, and will remain open until June 29, 2026.
The CSM Technologies IPO price band is ₹107 to ₹113 per equity share. The allotment is expected to be finalised on June 30, 2026.
This IPO will be listed on both the BSE and NSE on July 2, 2026.
The issue is a ₹145.78 crore book-building issue, comprising entirely of a fresh issue of up to 1,29,01,000 equity shares with a face value of ₹10 each. Since this is a 100% fresh issue with no OFS component, the company will directly receive all the proceeds from this IPO.
Business Overview of CSM Technologies
CSM Technologies Limited (formerly Cybertech Software & Multimedia Private Limited), incorporated in 1998 and headquartered in Bhubaneswar, Odisha, is a GovTech and digital transformation company with over 27 years of experience. The company designs, develops, and implements e-governance platforms and digital infrastructure solutions for governments, public-sector undertakings (PSUs), development agencies, and enterprises.
The company provides technology solutions across sectors, including:
- Mining and allied services – Digital platforms for mineral management and monitoring.
- Agriculture and allied services – Farmer-centric technology and supply chain solutions.
- Government and public services – Citizen-centric platforms for grievance redressal, social protection, and urban governance.
- Education – Digital learning and institutional management systems.
- Healthcare – Health information management and telemedicine solutions.
- Tourism – Destination management and visitor engagement platforms.
- Industry and trade facilitation – Investor facilitation and logistics management platforms.
CSM Technologies has a market presence across 12+ countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the USA, and Canada.
The company is among the few IT solutions companies that have delivered first-of-its-kind projects for both government and private sector clients.
CSM Technologies IPO Date, Price, and Other Details
The following are the details of the upcoming IPO of CSM Technologies.
Particulars | Details |
IPO Size | Book Build issue of ₹145.78 crore |
Offer Type | 100% Fresh Issue (no OFS) |
Total Number of Equity Shares | 1,29,01,000 shares |
Price Band | ₹107 to ₹113 per share |
Issue Dates | Opens: Jun 24, 2026 · Closes: Jun 29, 2026 |
Minimum Bid Lot | 1 lot of 132 shares |
Minimum Investment (Retail) | ₹14,916 (at upper band) |
Allotment Date | Jun 30, 2026 |
Credit to Demat | Jul 1, 2026 |
Listing Date | Jul 2, 2026 |
Face Value | ₹10 per share |
Lead Manager (BRLM) | Keynote Financial Services Ltd. |
Registrar | Kfin Technologies Ltd. |
Listing Exchanges | National Stock Exchange of India (NSE) & Bombay Stock Exchange (BSE) |
CSM Technologies IPO Reservation: Who Can Apply?
The CSM Technologies IPO has the following investor category reservation:
Investor Category | Lots | Shares | Amount (at ₹113) |
Retail (Min) | 1 | 132 | ₹14,916 |
Retail (Max) | 13 | 1,716 | ₹1,93,908 |
sNII (Min) | 14 | 1,848 | ₹2,08,824 |
sNII (Max) | 67 | 8,844 | ₹9,99,372 |
bNII (Min) | 68 | 8,976 | ₹10,14,288 |
QIB | As applicable | — | — |
Strengths and Risks of CSM Technologies IPO
With every business owning its strengths and risks, even the CSM Technologies IPO strengths and risks include;
Strengths
- With 27+ years of experience in GovTech, CSM Technologies is one of the few IT companies delivering first-of-its-kind government digital platforms.
- Consistently profitable across FY23, FY24, and FY25 with a track record of dividend payments
- High repeat business came from existing customers – almost 95.71% of 9M FY26.
- CSM Technologies has an international presence in 12+ countries, including Africa, the USA, and Canada.
- 1,327 employees with deep sectoral expertise and proprietary patented solutions.
- Company is diversified into several sectors like mining, agriculture, education, healthcare, tourism, industry, and public services.
Risks
- Heavy dependence on government customers, which contribute majority of FY25 revenue. Also, their tender-based model adds policy and budget-cycle risk.
- Due to geographic concentration in Odisha, major revenue comes from a single state.
- CSM Technologies also has contingent liabilities of ₹41.66 crore as of December 31, 2025.
- Trade receivables of ₹84.89 crore also includes government payment delays can impact cash flows.
- International operations add currency, regulatory, and geopolitical exposure.
Future Plans/Strategies
- Strengthen the balance sheet and expand GovTech presence across India and international markets.
- Reduce debt burden through IPO proceeds and improve financial flexibility.
- Pursue acquisitions to expand capabilities and enter adjacent technology verticals.
- Deepen sectoral expertise and develop new proprietary platforms.
- Listing on exchanges to enhance brand visibility and provide access to capital markets.
CSM Technologies IPO Objectives – How Will the Funds Be Used?
The CSM Technologies IPO is a 100% fresh issue. The company will receive all the proceeds directly.
Objective | Est. Amount (₹ lakhs) | |
1 | Funding working capital requirements | 5,600.00 |
2 | Repayment/prepayment of outstanding borrowings | 2,262.75 |
3 | Achieving inorganic growth through unidentified acquisitions & General corporate purposes | Remaining |
Note: The IPO is expected to improve liquidity, reduce debt burden, and provide financial flexibility for future growth and acquisitions.
How To Check the IPO Allotment Status of CSM Technologies?
Here's how you can check your IPO allotment status for the CSM Technologies IPO:
- Visit the IPO allotment portal: https://ipostatus.kfintech.com/
- Select "CSM Technologies Limited" from the company dropdown list.
- Enter any of these details – PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click on the "Submit" button to view your IPO allotment status.
Promoter Shareholding of CSM Technologies IPO
The promoter group of CSM Technologies Limited includes Priyadarshi Pany & Lagna Panda.
Promoter | Pre-Issue Holding |
Priyadarshi Pany | 93.60% |
Lagna Panda | - |
Promotor Group (Sushma Pany) | 1.3% |
Total | 94.8% |
Financial Performance (₹ in crores) of CSM Technologies IPO
Find the financial performance of CSM Technologies from FY 2023 to FY 2025 and up to 31st December, 2025.
(₹ in crores)
Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
Assets | 206.00 | 154.55 | 124.45 | 80.02 |
Total Income | 167.05 | 200.63 | 198.65 | 161.50 |
Profit After Tax | 14.70 | 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 |
Reserves and Surplus | 56.29 | 73.21 | 55.88 | 45.69 |
Key Performance Metrics of CSM Technologies
Based on the financials available in the RHP, the following key performance metrics of CSM Technologies Limited can be considered.
KPI | As of Dec 31, 2025 | Values (as of FY 2024-25) |
Return on Equity (ROE) | 17.81% | 20.73% |
Net Asset Value (NAV) | 22.97 | 118.73 |
Price/Earnings (P/E) Ratio | - | |
Earnings Per Share (EPS - Diluted) | 3.80 | 3.72 |
EBITDA Margin (%) | 18.16% | 14.69% |
PAT Margin (%) | 8.80% | 7.02% |
Debt to Equity Ratio | 0.86 | 0.46 |
(Note: Refer to the RHP for complete financial details and valuation metrics. P/E, market capitalisation, and post-IPO NAV are subject to final pricing and allotment. Refer to the RHP for complete details.)
Registrar of CSM Technologies IPO
The Registrar of CSM Technologies IPO is Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://www.kfintech.com
Lead Manager of CSM Technologies IPO
Keynote Financial Services Ltd is the lead manager is handling the IPO process of CSM Technologies Limited.
