CSM Technologies IPO Details
CSM Technologies IPO Summary
CSM Technologies IPO opens for subscription on 24 Jun 2026 and closes on 29 Jun 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 02 Jul 2026.
CSM Technologies IPO price band has been fixed at ₹107 – ₹113 per share. The face value is ₹10 per share with a lot size of 132.
CSM Technologies IPO total issue size comprises 1,29,01,000 shares (aggregating up to ₹145.78 Cr). This includes a fresh issue of 1,29,01,000 shares (aggregating up to ₹145.78 Cr). Pre-issue shareholding stands at 3,87,02,472, which will increase to 5,16,03,472 post-issue.
CSM Technologies IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
CSM Technologies IPO Lot Size :Retail Minimum is 1 lot (132 shares) amounting to ₹14,916. Retail Maximum is 13 lots (1,716 shares) amounting to ₹193,908. SHNI Minimum is 14 lots (1,848 shares) amounting to ₹208,824. SHNI Maximum is 67 lots (8,844 shares) amounting to ₹999,372. BHNI Minimum is 68 lots (8,976 shares) amounting to ₹1,014,288.
CSM Technologies IPO Details
CSM Technologies IPO Subscription
CSM Technologies IPO Application Wise Breakup (Approx)
CSM Technologies IPO Dates
- 24 Jun 2026Opening dateOpen
- 29 Jun 2026Closing dateClose
- 30 Jun 2026Allotment Date Allotment
- 01 Jul 2026Initiation of RefundsRefund
- 01 Jul 2026Credit of SharesCredit
- 02 Jul 2026Listing dateListing
CSM Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 132 | ₹14,916 |
| Retail Maximum | 13 | 1716 | ₹193,908 |
| SHNI Minimum | 14 | 1848 | ₹208,824 |
| SHNI Maximum | 67 | 8844 | ₹999,372 |
| BHNI Minimum | 68 | 8976 | ₹1,014,288 |
CSM Technologies IPO Reservation
Promoter Holding
Documents
CSM Technologies IPO Valuations
CSM Technologies Financial Information
| 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 | |||
About CSM Technologies IPO
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
- Agriculture: Farmer empowerment systems like KRUSHAK Odisha, SAFAL (credit facilitation), and GO SUGAM (single-window for fisheries/animal resources). International projects include Kenya’s seed certification, Ethiopia’s Wheat Rust Warning System, and National Soil Information System.
- Education: Platforms like SAMS Odisha (student management), OFSS Bihar (admissions), eSikshakosh, and the Unified Scholarship Portal. These projects have won national awards.
- Governance: AI/ML-based grievance systems like Mo Sarkar, integrating call centers and analytics for real-time feedback.
- Industry & Trade:Digital Logistics Management System for JSW Steel, later adopted by state governments.
- Urban Development: Systems like ILMIS, Property Tax, and city administration platforms in Africa.
- Social Protection:Social Protection Delivery Platform (SPDP) in India, Ethiopia, and Gambia for welfare targeting.
- Investor Facilitation:GO-SWIFT in Odisha, and similar single-window systems in Chhattisgarh, Aurangabad (AURIC), and Himachal Pradesh.
- Analytics & Dashboards: Real-time performance monitoring for Odisha and Chhattisgarh.
- Donor Aid Management: Digital platforms in Rwanda and Mozambique for tracking grants and aid.
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.
Strength Of CSM Technologies IPO
- Deep sectoral expertise across a diversified spectrum of industries.
- Proprietary technology driven innovations and patented technology developed in-house.
- Extensive geographic footprint with scalable operations across key markets.
- Established presence in a high-entry-barrier industry.
- Experienced Promoters and Senior Management team, having domain knowledge.
Risk Of CSM Technologies IPO
- Our business is heavily dependent on tenders from government authorities, accounting for approximately 63.45%, 74.15%, 69.17% and 77.13% of our revenue from operations for the nine months period ended December 31, 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. However, delays or a lack of tenders from government entities, along with adverse changes in government policies, could materially impact our business through contract foreclosures, terminations, restructurings, or renegotiations, affecting our operations and financial performance.
- Out of the total projects awarded to us, 70.59%, 100.00%, 91.67% and 91.30% of such projects in the nine months period ended December 31, 2025, Fiscal 2025, 2024 and 2023, respectively were secured through competitive bidding process from government entities. Failure to complete our projects within contractual time may affect our future business prospects and financial performance. Failure to qualify for, complete or win new contracts could negatively impact our business, potentially affecting our financial condition, operational results, growth prospects, and cash flow stability.
- Our operations are geographically concentrated in the eastern region of India, particularly in the State of Odisha which contributed to 62.56%, 72.97%, 76.76% and 83.95% of our revenue from operations for the nine months period ended December 31, 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Any adverse developments in these regions could materially affect our business and growth prospects.
- A significant portion of our Order Book and revenue from operations is attributable to certain key customers and to projects located in India, and our business and profitability is dependent on our ability to win projects from such customers. The Order Book value attributable to our top 10 customers has accounted for approximately 78.63%, 84.02%, 89.87% and 85.27% of our total revenue from operations during the nine months period ended December 31, 2025 and for Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Loss of one or more of our customers or reduction in their demand for our offerings could adversely affect our business, results of operations and financial conditions.
- Inability to obtain or protect our intellectual property rights may adversely affect our business.
- For the nine months period ended December 31, 2025 and Fiscals 2025, 2024, and 2023, the cost of supplies from our top ten suppliers represented 26.69%, 24.00%, 34.80%, and 32.96%, of our Revenue from Operations, respectively. We rely on our suppliers for various critical aspects of our information technology infrastructure. If any of our top 10 suppliers ceased supplying products/services to us and we were unable to find a supplier to replace it, it could have an adverse effect on our business, financial condition, results of operations, and cash flows.
- Reservations, qualifications, adverse remarks and matters of emphasis have been reported by our Statutory Auditors in their examination report on the Restated Consolidated Financial Information, which may adversely affect investor confidence and the trading price of our Equity Shares.
- Our Company has given a performance bank guarantee of Rs. 250.00 lakhs in respect of a loan availed by one of our Subsidiaries, namely, Kwantify Solutions Private Limited, and we cannot assure that there will be no default by our Subsidiary in the future in repaying its debt obligations which could in turn adversely affect us.
- The majority of our Order Book and our revenues are from industry segments such as government and public services, mining & allied services and agriculture and allied services sector, which contributed to 21.91%, 27.96% and 30.09% of our Order Book and 31.52%, 24.65% and 14.56% of our revenue from operations as of December 31, 2025, respectively. Significant social, political, or economic changes in these sectors could adversely affect our business, results of operations, financial condition, and cash flows.
- Any online security breach or cyberattack resulting in unauthorized access to our network, systems, or data may adversely impact our business operations, financial results, and reputation.
Objectives CSM Technologies IPO
1. Funding working capital requirements of our Company
2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company
3. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Company Contact Details
CSM Technologies Ltd.
Plot No - E/56, Infocity-1
Chandrasekharpur, Dist.: Khurda, Khordha,
Bhubaneshwar, Odisha, 751024
Phone: +0674 6635900
Email: secretarial@csm.tech
Website: http://www.csm.tech/
Registrar Contact Details
CSM Technologies FAQs
The CSM Technologies IPO is a MAINBOARD public issue comprising 12901000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹145.78 Cr. The issue price has been fixed at ₹113 per equity share, and the minimum application size is 132 shares.
The IPO opens for subscription on 24 Jun 2026, and closes on 29 Jun 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹0 (0%).
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