CSM Technologies IPO Day 2: Check GMP, Subscription Status & Key Highlights
The ?145.78 crore CSM Technologies IPO has entered its second day of bidding today, June 25, 2026. The issue is being offered at a price band of ?107-?113 per share. The IPO had been subscribed 0.32 times as of 10:45 AM on Day 2. In the grey market, the IPO was commanding a premium of around 4% over its upper price band.
The public issue will close for subscription on June 29, 2026. The basis of allotment is expected to be finalised on June 30, 2026, while the company's shares are tentatively slated to debut on the BSE and NSE on July 2, 2026.
CSM Technologies IPO - Issue Details
- Issue Type: Book Building IPO (Fresh Issue Only)
- Total Issue Size: Up to ?145.78 crore
- Fresh Issue: Up to 1.29 crore shares
- Face Value: ? 10 per equity share
- Price Band: ?107 to ?113 per share
- Lot Size: 132 shares
- Listing: NSE, BSE
- Book Building Lead Manager: Keynote Financial Services Limited.
- Registrar: KFin Technologies Limited
Explore other Upcoming IPOs on BSE and NSE.
Utilisation of IPO Proceeds?
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding the company’s working capital requirements.
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives.
- General corporate purposes
CSM Technologies IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event? |
Date |
|
Subscription Opening Date |
24 June 2026 |
|
Subscription Closing Date |
29 June 2026 |
|
Allotment Date |
30 June 2026 |
|
Refund Date |
1 July 2026 |
|
Credit of Shares |
1 July 2026 |
|
Listing on BSE and NSE |
2 July 2026 |
Note: The allotment and listing dates are tentative and may be revised.
CSM Technologies IPO Day 2 Subscription Status
[June 25, 2026, 10:45 AM]
|
Category? |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.61x |
|
Retail Individual Investors (RIIs) |
0.53x |
|
Total? |
0.32x |
CSM Technologies IPO GMP Today
According to media reports, the CSM Technologies IPO was commanding a Grey Market Premium (GMP) of around 4% over its issue price.
About CSM Technologies Limited
Established in 1998, CSM Technologies Limited is a technology-driven digital transformation and GovTech solutions company with more than 27 years of experience in building e-governance platforms and digital public infrastructure. The company caters to government bodies and enterprises across sectors, including agriculture, education, healthcare, mining, and public administration, with a presence spanning 12 countries.
Over the years, CSM Technologies has implemented a range of large-scale digital initiatives, such as farmer-centric service platforms, education management solutions, grievance redressal systems, and single-window clearance portals for investors. Through its technology offerings, the company aims to enhance governance, streamline operations, and improve citizen service delivery by leveraging data and digital innovation
|
Particulars? |
FY25?? (in ? crore) |
FY24? (in ? crore) |
FY23? (in ? crore) |
|
Revenue from Operations? |
199.24 |
196.71 |
160.43 |
|
Profit After Tax |
14.09 |
12.55 |
15.82 |
|
EBITDA? |
29.27 |
23.71 |
27.87 |
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