IPO Snapshot
Key metrics and details at a glance.
Price Band
₹113
Per ShareLot Size
132 Shares
Minimum Investment
₹14,916
Issue Size
₹145.78 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
CSM Technologies Ltd
Business model, operations, and market positioning.
About the Company
We are amongst the few IT solutions companies, who have delivered first of its kind projects for government as well as for the private sector. We also specialise in providing GovTech solutions and digital transformation services. We provide technology solutions across sectors such as mining and allied services, government & public services, agriculture and allied services, industry and trade facilitation, education, healthcare and tourism (Source: CARE Report). Incorporated in 1998, we have twenty-seven years of experience in designing, developing, and implementing e-governance platforms and digital infrastructure and operate as a long-term digital transformation partner to government agencies.
Company History
Our Company was originally incorporated in the name and style of "Cybertech Software & Multimedia Private Limited" under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated July 15, 1998, issued by the Registrar of Companies, Orissa. Subsequently, in order to create a better brand value in the domestic and international markets, the name of our Company was changed to "CSM Technologies Private Limited", pursuant to a certificate of incorporation dated October 13, 2014, issued by the Registrar of Companies, Cuttack. Thereafter, our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by our Board of Directors at their meeting held on June 18, 2025 and a special resolution passed by our Shareholders at the EGM held on July 11, 2025, following which the name of our Company was changed to "CSM Technologies Limited" and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies Central Processing Centre on July 29, 2025.
Growth Strategy
- Grow our business by prioritizing infrastructure improvements, advancing AI/ML innovation, and embracing sustainability, ensuring efficient scalability and maximizing customer value.
- Capitalizing on Government initiatives and policies.
- Accelerate growth by strategically entering new markets and emerging industries.
- Empowering Growth through a scalable and skilled workforce.
Promoter Holding (Pre-Issue)
94.9%
Promoter Holding (Post-Issue)
71.18%
Issue Type
Book Building
ISIN
INE0ZK601013
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 1,29,01,000 equity shares of face value of Rs. 10 each ("Equity Shares") of CSM Technologies Limited ("Company" or "Issuer") for cash at a price of Rs. 113 per equity share (including a share premium of Rs. 103 per equity share) ("Issue Price") aggregating up to 145.78 Crores ("Issue"). This issue includes a reservation of up to 1,30,000 equity shares of face value of Rs. 10 each aggregating to Rs. 1.47 Crores (constituting 0.25% of the post-issue paid-up equity share capital of the company) for subscription by eligible employees (the "Employee Reservation Portion"). The issue less the employee reservation portion is hereinafter referred to as "Net Issue". The issue and the net issue would constitute 25.00% and 24.75%, respectively, of the post-issue paid-up equity share capital. Price Band: Rs. 113 per equity share of face value of Rs. 10 each. The floor price is 11.3 times the face value of the equity shares. Bids can be made for a minimum of 132 equity share of face value of Rs. 10 each and in multiples of 132 equity shares of face value of Rs. 10 each thereafter.
*Subject to approvals and market conditions.
- 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.
- The company business is heavily dependent on tenders from government authorities, accounting for approximately 63.45%, 74.15%, 69.17% and 77.13% of its 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 the company business through contract foreclosures, terminations, restructurings, or renegotiations, affecting its operations and financial performance.
- Out of the total projects awarded to the company, 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. Failures to complete its projects within contractual time may affect the company future business prospects and financial performance. Failures to qualify for, complete or win new contracts could negatively impact its business, potentially affecting the company financial condition, operational results, growth prospects, and cash flow stability.
- The company operations is 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 its 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 its business and growth prospects.
- A significant portion of the company Order Book and revenue from operations is attributable to certain key customers and to projects located in India, and its business and profitability is dependent on the company ability to win projects from such customers. The Order Book value attributable to its top 10 customers has accounted for approximately 78.63%, 84.02%, 89.87% and 85.27% of the company 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 its customers or reduction in their demand for the company offerings could adversely affect its business, results of operations and financial conditions.
- Inability to obtain or protect the company intellectual property rights may adversely affect its business.