Mumbai: CSM Technologies IPO is set to open for public subscription on Wednesday, June 24, 2026, with the company announcing a price band of ₹107 to ₹113 per equity share of face value ₹10 each.
The public issue will remain open until Monday, June 29, 2026, while the anchor investor bidding date has been scheduled for Tuesday, June 23, 2026.
The CSM Technologies IPO comprises a fresh issue of up to 1,29,01,000 equity shares with a face value of ₹10 each. Investors can bid for a minimum of 132 equity shares and in multiples of 132 equity shares thereafter.
Prior to the issue, the company has 3,87,02,472 outstanding equity shares.
The proceeds from the CSM Technologies IPO fresh issue will be utilised towards meeting the company’s working capital requirements, prepayment or repayment of certain outstanding borrowings, pursuing inorganic growth through unidentified acquisitions and strategic initiatives, and for general corporate purposes.
Keynote Financial Services Limited has been appointed as the Book Running Lead Manager (BRLM) for the issue, while KFin Technologies Limited will act as the Registrar to the Issue.
The equity shares are being offered through the company’s Red Herring Prospectus (RHP) dated June 17, 2026, which was filed with the Registrar of Companies, Orissa at Cuttack, along with a corrigendum dated June 19, 2026, with the Securities and Exchange Board of India (SEBI).
The company proposes to list its equity shares on both BSE Limited and the National Stock Exchange of India Limited (NSE).
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About CSM Technologies
Established in 1998, CSM Technologies Limited is among the few IT solutions providers in India that have delivered several first-of-their-kind projects for both government and private sector clients. The company specialises in GovTech solutions and digital transformation services.
CSM Technologies provides technology solutions across multiple sectors, including mining and allied services, government and public services, agriculture and allied services, industry and trade facilitation, education, healthcare, and tourism, according to the CARE Report.
As of the date of the Red Herring Prospectus, the company has executed projects across 20 cities in India and expanded its presence to 14 countries globally.
The company has also implemented multiple public digital infrastructure and scalable e-governance projects across various economic and social sectors in India and overseas.
CSM Technologies IPO: Financial Performance
For the nine months ended December 31, 2025, CSM Technologies reported revenue from operations of ₹165.5 crore and a net profit of ₹14.7 crore.
For FY25, the company reported revenue from operations of ₹199.24 crore, compared with ₹196.71 crore in FY24.
Net profit stood at ₹14.08 crore in FY25, up from ₹12.54 crore recorded during FY24.
The CSM Technologies IPO is being offered through the book-building process. Under the allocation structure, not more than 50% of the issue will be available for Qualified Institutional Buyers (QIBs), while not less than 15% will be allocated to Non-Institutional Bidders (NIBs) and not less than 35% to Retail Individual Bidders (RIBs).
