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Listed
Computers - Software & Consulting
CSM Technologies Limited IPO
₹146 Cr · Fresh Issue · Computers - Software & Consulting
Price Band
₹107 – ₹113
Lot: 1200 shares (₹135,600)
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹146 Cr
Fresh Issue
Market Cap
₹583.12 Cr
At upper band
P/E Ratio
41.4x
P/S: 2.9x
Listing Date
02 Jul 2026
BSE & NSE
IPO Timeline
✓
Opens
24 Jun 2026
✓
Closes
29 Jun 2026
✓
Allotment
30 Jun 2026
✓
Refund
1 Jul 2026
✓
Listing
02 Jul 2026
IPO India Hub Recommendation: Subscribe
The company shows steady earnings growth and a solid software services franchise, which supports the pricing. However, the high price‑to‑earnings multiple means investors should be comfortable with a premium valuation.
Listing Performance
Issue Price
₹113
Allotment price
Listing Price
₹113
+0% on listing day
Current Price (CMP)
₹96.35
-14.7% vs issue
Listed On
02 Jul 2026
BSE & NSE
Our Analysis — Key Points
✓ Strength
Strong recurring software service contract base
The company generates most of its revenue from long‑term software maintenance and consulting agreements. Such contracts provide predictable cash flow and help smooth out seasonal demand fluctuations.
✓ Strength
Experienced management team with domain expertise
The promoters have been active in the technology sector for many years, giving the company deep industry connections. Their experience helps win new projects and retain existing clients.
⚠ Risk
High valuation may limit upside potential
At a price‑to‑earnings multiple of about 41.4×, the shares are priced above many peers. If earnings growth slows, the stock could struggle to justify the premium.
$ Valuation
Valuation multiples suggest premium pricing level
The IPO is priced at a P/E of 41.4× and a P/S of 2.9×, indicating a higher than average valuation. With a market cap of roughly ₹583 crore, investors are paying a premium for the company's current earnings and sales.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "CSM Technologies Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹199.24 Cr
Net Profit
₹14.09 Cr
Industry
Computers - Software & Consulting
Issue Type
Fresh Issue
Promoters
PRIYADARSHI PANY AND LAGNA PANDA
Lead Managers
Keynote Financial Services
Quick Actions
Frequently Asked Questions
Subscribe. The company shows steady earnings growth and a solid software services franchise, which supports the pricing. However, the high price‑to‑earnings multiple means investors should be comfortable with a premium valuation.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
The minimum lot size is 1200 shares. At the upper band price of ₹113, the minimum investment per retail application is ₹135,600. You can apply for up to 13 lots (₹1,762,800) under the retail category (up to ₹2 lakh).
The IPO opens on 24 Jun 2026. It closes on 29 Jun 2026. Allotment is expected on 30 Jun 2026. Refunds initiate on 1 Jul 2026. Listing on BSE and NSE is on 02 Jul 2026.
The lead managers for the IPO are Keynote Financial Services. Check the SEBI filing for the registrar details.
The IPO listed on 02 Jul 2026 at ₹113 against an issue price of ₹113 (+0% on listing day). The current market price (CMP) is approximately ₹96.35 (+-14.7% vs issue).
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 29 Jun 2026. The minimum investment is ₹135,600 for one lot (1200 shares). The company shows steady earnings growth and a solid software services franchise, which supports the pricing. However, the high price‑to‑earnings multiple means investors should be comfortable with a premium valuation.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 29 Jun 2026. The IPO is priced at a P/E of 41.4x. Market cap at issue price is ₹583.12 Cr. As with all IPOs, please read the DRHP and assess your own risk tolerance before investing.
You can apply via UPI through your broker's trading app (Zerodha, Upstox, Fyers, etc.) or via ASBA through your net banking portal. The minimum lot is 1200 shares at ₹113 each, costing ₹135,600 per application. The issue closes on 29 Jun 2026, so apply before that date. Step 1: Log in to your broker or bank app. Step 2: Go to IPO section and search for 'CSM Technologies Limited'. Step 3: Enter the number of lots and UPI ID. Step 4: Accept the mandate on your UPI app.
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