What are the open and close dates of the CSM Technologies IPO ?

CSM Technologies IPO will be open between 2026-06-24 and 2026-06-29.

What is the allotment date for the CSM Technologies IPO ?

CSM Technologies IPO allotment date is 2026-07-01. For CSM Technologies IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of CSM Technologies IPO ?

For CSM Technologies IPO, the IPO registrar is KFin Technologies Limited. You can check CSM Technologies IPO allotment status on the website of the registrar.

Where is the CSM Technologies IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

When will CSM Technologies IPO shares be credited to your demat account?

The CSM Technologies IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

What is the lot size and minimum order quantity of the CSM Technologies IPO ?

The CSM Technologies IPO lot size is 132 and minimum order quantity is 132.

What is the price band for the CSM Technologies IPO ?

CSM Technologies IPO has set the price band for its IPO at 113 per equity share with a face value of 10.

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IPO

1.34x

subscribed

CSM Technologies IPO

IT - Software

listed

₹14,124Min. investment

Pre-apply
23 Jun
Bid start
24 Jun
Bid end
29 Jun
Allotment
30 Jun
Release of funds
1 Jul
Demat transfer
1 Jul
Listing
2 Jul

CSM Technologies Limited IPO Details

Issue size

₹146Cr

IPO type

Mainboard

Market Cap

₹583CrLower than sector avg

Price range

₹107 – ₹113

Listing ExchangeBSE, NSE

RevenueApr 20NaN - Mar 20FY

₹199CrLower than sector avg

Lot size

132 shares

Red Herring Prospectus

Read

Growth rate3Y CAGR

11.44%Higher than sector avg

SectorIT - Software

Price range₹107 – ₹113

IPO type

Regular

Lot size132 shares

Issue size₹146Cr

Red Herring Prospectus

Read

Market Cap

₹583CrLower than sector avg

RevenueApr 20NaN - Mar 20FY

₹199CrLower than sector avg

Growth rate3Y CAGR

11.44%Higher than sector avg

CSM Technologies Limited IPO Overview

CSM Technologies IPO date

CSM Technologies IPO will open for subscription on June 24, 2026, and the closing date for the IPO is June 29, 2026. After this, investors are expected to be updated about the allotment status on June 30, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on July 01, 2026. The shares will be listed on the NSE and the BSE on Thursday, July 02, 2026.

CSM Technologies IPO price band

The IPO is entirely a fresh issue. The IPO price band has been set between ₹107 and ₹113 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹145.78 crore. CSM Technologies IPO listing price will be determined on July 02, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

CSM Technologies IPO lot size

CSM Technologies IPO details have been declared. The minimum lot size for an application is 132 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹145.78 crore.

Checklist

Quality analysis

Revenue growth

Company valuation

Earnings expansion

Risk analysis

Debt to Equity ratio

Promoter holdings

Shares pledged

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue

Higher revenue means strong sales and good market demand

This IPO

₹199Cr

This sector

₹2,461.47Cr

Compare with companies

3Y growth

Strong 3-year growth shows consistent progress and potential

This IPO

11.44%

This sector

0.05%

Compare with companies

PAT

Higher PAT means strong profitability and efficient cost management

This IPO

₹14.08Cr

This sector

₹373.09Cr

Compare with companies

Market cap

Higher market cap means strong confidence but may suggest overvaluation

This IPO

₹583Cr

This sector

₹14,720.51Cr

Compare with companies

P/E ratio

Lower ratio usually means stock is undervalued

This IPO

30.38

This sector

148.01

Compare with companies

D/E ratio

Lower ratio usually means fewer liabilities

This IPO

0.46

This sector

0.31

Compare with companies

Objectives

General corporate purposes and inorganic growth

46.10%

Working capital

38.40%

Repayment of debt

15.50%

Strength and Weakness

High market share and exclusivity

Odisha, Jharkhand and Chhattisgarh governments (using mining authorities) exclusively utilise the company’s proprietary end-to-end mineral management system for full ore and royalty accounting. With close to 80% share of the total major mineral output of the country, these three states showcase the huge scale and high degree of dependence on their platforms.

Extensive and expanding global footprint

The company has successfully de-risked region concentration by building a diversified global reach through operations across multiple domestic and international locations. It has successfully delivered projects across 20 cities in India and 14 countries globally, with considerable deployment of e-governance solutions and digital infrastructure across Africa, including Ethiopia, Gabon, Kenya, Gambia and Rwanda.

Strong entry barriers and tier-1 certifications

Operating in the highly regulated e-governance segment (IT-ITeS), entry barriers in terms of domain expertise, long qualification timelines and stringent eligibility requirements are significant. CSM Technologies is well-positioned within this domain, owing to strong execution credentials and significant certifications like CMMI Level-5, SOC 2 Type II, etc.

Strong order book

The order book stood at ₹357.6 crore as at 31st March 2026. The company manages its pipeline carefully through three gates (LAC, PAC, EQ Board) in the project lifecycle, ensuring won contracts align with specific profitability standards.

Gradual reduction in customer concentration

In March, the company’s top three customer concentrations fell to 40.62% from 58.40% in FY23 to 50.69% in FY25. Its top 10 customers account for 69.58% revenue versus 81.82% in FY23, a 12%improvement.

About CSM Technologies Limited

Incorporated in 1998, CSM Technologies is an IT solutions company having experience in designing, developing, and implementing e-governance platforms and digital infrastructure. The company specialises in GovTech solutions and digital transformation services and operates as a long-term technology partner to government agencies across sectors, which include mining and allied services, government and public services, agriculture and allied services, industry and trade facilitation, education, healthcare, and tourism. It delivers end-to-end technology services ranging from consulting and development to operations and maintenance, using technologies such as AI, IoT, cloud computing, and data analytics.

The company also provides self-service technologies that enable government organisations and corporate clients to migrate, automate, and manage customer-facing business processes through digital channels. It has presence in 14 countries and within India, it has executed projects across 20 cities across states, including Odisha, Bihar, New Delhi, Uttar Pradesh, and Jharkhand. Odisha was the dominant revenue geography, which contributed 62.56% of revenue from operations in 9MFY26. Globally, the company has executed projects across Africa and has recently expanded into North America, with early-stage presence in Canada and parts of the USA.

CSM Technologies has a diversified client base that includes central and state government departments, PSUs, development agencies, and private enterprises. Government clients accounted for 63.45% of revenue in 9MFY26, compared to 74.15% in FY25 and 77.13% in FY23. Top 10 customers include the Department of Steel and Mines (Odisha), Chhattisgarh Infotech Promotion Society, Inspira Enterprise India Limited, Spatial Planning and Analysis Research Centre Private Limited, and Odisha Bridge and Construction Corporation Limited. The Government and Public Services were the largest segment, which contributed 31.51% of revenue, followed by Mining and Allied Services at 24.65%, Agriculture and Allied Services at 14.56%, and Industry and Trade Facilitation at 12.99% in 9MFY26.

As of March 31, 2026, the outstanding order book stood at ₹357.63 crore. The order book as of 9MFY26 was ₹376.39 crore, out of which non-government clients (including PSUs) accounted for 57.81% of the total. Agriculture and allied services from non-government clients was the single largest order book component at 27.04%. The company has completed several first-time projects in both the government and private domains.

Digital mineral management system has been implemented in three states (Odisha, Jharkhand, Chhattisgarh), constituting over 80% of the country’s mineral output. It has also implemented world's first paddy analytics system for the state of Odisha (using satellite and remote sensing for crop classification using GIS), the Biju Kalyan Swasthya Yojana platform for the state of Odisha to help in administration of the healthcare scheme, World Bank supported school mapping system for Ethiopia, and a timber traceability system in Gabon using RFID-based electronic tracking of timber from forest produce to processing. Existing customers accounted for 95.71% of revenue from operations in 9MFY26, and 95.01% in FY25, while new customers contributed the remaining 4 to 5%.

The Indian e-governance and digital transformation in the public sector is expected to grow at 4.8% CAGR to $178 million (₹1,632 crore) by FY31. Government IT and digital expenditure in India is expected to grow at a CAGR of 7.2% from FY26-FY31 to $1,738 million (₹15,935 crore). Among the new-age technologies in government IT, spending on data analytics is expected to register the highest CAGR of 25.6%, while investments in artificial intelligence and cloud infrastructure are expected to rise at a CAGR of 21.7% and 18.5%, respectively, by FY31. Globally, the IT and IT-enabled services (IT-ITeS) market was $5,285 billion (₹4,845.32 crore) by the end of FY25 and is projected to rise at a CAGR of 4.7% until FY30.

CSM Tech’s strategy for growth has three key focus areas: (i) enhancing and scaling technology infrastructure (hardware and cybersecurity upgrades),, (ii) strengthening AI and ML capabilities for developing client solutions and for enhancing internal productivity, and (iii) expanding into new geographies via judicious strategic mergers, acquisitions and partnerships in the areas of cybersecurity, CRM, AI/ML. The company also aims to consolidate its market share in North America and Africa and will capitalise on government policy incentives like its 100% EOU status under the STPI scheme.

Now, CSM Technologies Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹145.78 crore only. Its shares will be listed on the NSE and BSE.

How to pre-apply for CSM Technologies IPO?

You can pre-apply for CSM Technologies IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.

Follow these steps to pre-apply for the IPO:

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘CSM Technologies IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Pre-Apply’
Accept the mandate on your UPI app

How to apply for CSM Technologies IPO?

If you are interested in this investment opportunity but unsure how to apply for CSM Technologies IPO, here are the steps that you need to follow.

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for CSM Technologies IPO on Upstox:

Log in to your Upstox account, using your six-digit PIN
After logging in, click on ‘Discover’
On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘CSM Technologies IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Apply’
Accept the mandate on your UPI app

How to check the CSM Technologies IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.

Here’s a step-by-step guide on how to check the CSM Technologies IPO allotment status:

Login to your Upstox account, using your six-digit PIN
After logging in, click on ‘Discover’
On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, you will find the ‘View all’ option
Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
In the ‘IPO’ tab, click on ‘My applications’
In ‘My applications’, under the History section, your CSM Technologies IPO allotment status will be mentioned.

IPO Analysis

IPO REVIEW

CSM Technologies IPO | Analysis Video

CSM Technologies IPO

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CSM Technologies IPO Subscription Status

Date	QIB	NII	Retail	Total
24-Jun-26	0.0 times (X)	0.53 times (X)	0.41 times (X)	0.26 times (X)
25-Jun-26	0.29X	1.09X	0.75X	0.66X
29-Jun-26	0.68X	1.53X	1.59X	1.34X

Latest News on CSM Technologies IPO

The ₹145.78 crore initial share sale of CSM Technologies is a fresh issuance of 1,29,01,000 shares. There is no offer for sale (OFS) component.

2 min read

CSM Technologies IPO, with a price band of ₹107 to ₹113 per share, will conclude on June 29. It is a fresh issuance of 1.29 crore shares aggregating to ₹145.78 crore.

2 min read

The ₹145.78-crore CSM Technologies IPO, with a price band of ₹107 to ₹113 per share, is only a fresh issuance of shares. The stock will be listed on BSE and NSE.

2 min read

CSM Technologies IPO allotment finalised: The initial share sale sought to raise ₹145.78 crore solely via fresh issuance of shares.

2 min read

The initial public offering sought to raise ₹145.78 crore by issuance of new equity shares. The proceeds will be utilised to fund working capital needs and debt clearance, with the remainder allocated towards achieving inorganic growth.

2 min read

Frequently asked questions

How to invest in the CSM Technologies IPO ?

Investors can apply for the CSM Technologies IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of CSM Technologies IPO ?

The issue size of the CSM Technologies IPO is 146 Cr.

What is 'pre-apply' for CSM Technologies IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will CSM Technologies IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.