CSM Technologies Limited has set its IPO price band between ₹107 to ₹113 per equity share with a face value of ₹10 each. According to reports from The Financial Express, the subscription period runs from Wednesday, June 24 to Monday, June 29, with anchor investor allocation scheduled for Tuesday, June 23. The IPO lot size is fixed at 132 equity shares, with subsequent allocations available in multiples of 132 shares. The total IPO size comprises 1,29,01,000 shares raising ₹145.78 crore from the fresh issue, valuing the company at ₹583.1 crore. The IPO share allotment will be finalised by the company on June 30, while participants can start trading in CSM Technologies shares on July 2.
The IPO follows a structured allocation pattern with 50% reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs). As reported by market sources, employees have been allocated up to 1,30,000 equity shares as part of the employee reservation. This allocation structure ensures balanced participation across different investor categories, with the company reserving 1.3 lakh shares for its employees. The IPO comprises entirely fresh issue with no offer-for-sale component, making it a pure equity fundraising exercise.
The IPO subscription timeline provides a five-day window for investor participation, with the anchor investor allocation occurring one day before the public issue opens. According to The Financial Express, this structured approach allows institutional investors to commit their interest before the general public can access the issue, ensuring proper market timing for the offering. The company filed its Draft Red Herring Prospectus with SEBI in September 2025, which was subsequently cleared by the capital markets regulator in January 2026. Keynote Financial Services has been appointed as the merchant banker for the CSM Technologies IPO, with KFin Technologies serving as the registrar.
CSM Technologies has demonstrated strong financial growth with revenue increasing from ₹160.44 crore in FY 2023 to ₹199.24 crore in FY 2025. The company's net income showed improvement from ₹15.82 crore in FY 2023 to ₹14.09 crore in FY 2025, while maintaining healthy margins. Key financial metrics include RONW of 18.49% and ROCE of 22.62% for FY 2025. The company's debt-to-equity ratio stands at 0.46 as of FY 2025, indicating a conservative capital structure. With 1,045 permanent employees as of September 25, 2025, the company maintains a strong operational base across its digital transformation projects. The company specialises in providing GovTech solutions and digital transformation services, earning 63% of revenue from government entities in the nine months period ended December 2025.
The company plans to utilise the IPO proceeds strategically across multiple areas. ₹53 crore will be allocated for working capital requirements, while ₹25.88 crore will be utilised for repayment of debt. The remaining amount will be directed towards inorganic growth through unidentified acquisitions and general corporate purposes. As stated in the company's red herring prospectus, CSM Technologies expects to achieve benefits from listing including enhancement of company visibility, brand image, and creation of a public market for its equity shares in India. The company has presence in 12 countries including India, Kenya, Ethiopia, Gambia, Rwanda, Canada and the United States of America.
