Summary of this article
CSM Technologies shares listed flat at Rs 113, matching the IPO issue price
The IPO was subscribed 1.36 times overall, with retail investors leading demand
The company provides GovTech and digital transformation solutions across multiple sectors
CSM Technologies Share Price: Shares of information technology services company CSM Technologies made a muted debut on the stock exchanges on July 2, after the company raised Rs 145.78 crore through its initial public offering (IPO).
The flat listing was in line with grey market expectations. Ahead of its debut, the company's shares were trading at around Rs 113 in the unofficial grey market, according to market sources. This kept the grey market premium (GMP) at nil on July 2, signalling expectations of a flat listing.
After the muted listing, shares of CSM Technologies immediately tumbled 5 per cent to hit the lower circuit at Rs 107.35 on both the exchanges. Ahead of the IPO, CSM Technologies raised Rs 20 crore from anchor investors.
Following the listing, the company's market capitalisation stood at Rs 583.12 crore.
CSM Technologies provides information technology solutions to both government and private sector clients. The company focuses on GovTech and digital transformation projects across sectors such as mining, agriculture, trade, education, healthcare, tourism, and public services.
CSM Technologies IPO Details
The IPO comprised a fresh issue of 1.29 crore equity shares worth Rs 145.78 crore. There was no offer-for-sale (OFS) component.
The issue was priced in the range of Rs 107-113 per share, with a lot size of 132 shares. It remained open for subscription from June 24 to June 29, 2026.
The IPO was subscribed 1.36 times overall. The retail investors' portion was subscribed 1.62 times, the non-institutional investors' (NII) category 1.54 times, while the qualified institutional buyers' (QIB) portion was subscribed 1.02 times.
The basis of allotment was finalised on June 30, 2026, with the issue price fixed at Rs 113 per share.
The company plans to use the net proceeds to meet working capital requirements, prepay or repay certain borrowings, pursue inorganic growth through acquisitions and strategic initiatives, and for general corporate purposes.
CSM Technologies Financial Performance
The company's total income remained largely stable over the last three financial years. It stood at Rs 161.50 crore in FY23, increased to Rs 198.65 crore in FY24 and edged up to Rs 200.63 crore in FY25. For the nine months ended December 31, 2025, total income came in at Rs 167.05 crore.
Ebitda also showed an improving trend, rising from Rs 27.87 crore in FY23 to Rs 23.71 crore in FY24 before increasing to Rs 29.27 crore in FY25. It stood at Rs 30.07 crore for the nine months ended December 2025.
Profit after tax (PAT) declined from Rs 15.82 crore in FY23 to Rs 12.55 crore in FY24 but recovered to Rs 14.09 crore in FY25. For the nine-month period ended December 2025, PAT stood at Rs 14.70 crore.
As of December 31, 2025, the company reported total assets of Rs 206 crore, net worth of Rs 88.88 crore, and reserves and surplus of Rs 56.29 crore.
