CSM Technologies Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.01x | 6,479,088 | 6,479,088 | ₹73 Cr |
| NII (HNI) | 0.57x | 1,083,192 | 1,083,192 | ₹12 Cr |
| Retail | 1.59x | 5,263,084 | 7,100,808 | ₹59 Cr |
| Employee | — | 130,000 | — | ₹1 Cr |
| Σ Total | 0.58x | 75,636 | 75,636 | ₹1 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 132 | ₹14,916 |
| Retail (Max) | 13 | 1,716 | ₹193,908 |
| S-HNI (Min) | 14 | 1,848 | ₹208,824 |
| B-HNI (Min) | 67 | 8,844 | ₹999,372 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 201 | 199 | 162 |
| EBITDA | 29 | 24 | 28 |
| Profit After Tax | 14 | 13 | 16 |
| Net Worth | 76 | 60 | 50 |
| Total Assets | 155 | 124 | 80 |
| Reserves & Surplus | 46 | 56 | 73 |
| Total Borrowing | 32 | 30 | 6 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding working capital requirements of our Company – 56.00
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company – 22.63
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes –
Company Overview
Incorporated in 1998, CSM Technologies is one of the few IT solution providers that have delivered unique projects for both government and private clients. It specializes in GovTech and digital transformation, offering solutions across sectors like mining, agriculture, trade, education, healthcare, tourism, and public services.
The company has 27 years of experience in building e-governance platforms and digital infrastructure, working as long-term partners for government agencies. Its solutions help improve efficiency, enable data-driven decisions, and deliver citizen-focused services. The company also provides consulting, advisory, and self-service technologies to help governments and businesses automate and manage customer-facing processes.
Key Projects
- Agriculture: Farmer empowerment systems like KRUSHAK Odisha, SAFAL (credit facilitation), and GO SUGAM (single-window for fisheries/animal resources). International projects include Kenya’s seed certification, Ethiopia’s Wheat Rust Warning System, and National Soil Information System.
- Education: Platforms like SAMS Odisha (student management), OFSS Bihar (admissions), eSikshakosh, and the Unified Scholarship Portal. These projects have won national awards.
- Governance: AI/ML-based grievance systems like Mo Sarkar, integrating call centers and analytics for real-time feedback.
- Industry & Trade:Digital Logistics Management System for JSW Steel, later adopted by state governments.
- Urban Development: Systems like ILMIS, Property Tax, and city administration platforms in Africa.
- Social Protection:Social Protection Delivery Platform (SPDP) in India, Ethiopia, and Gambia for welfare targeting.
- Investor Facilitation:GO-SWIFT in Odisha, and similar single-window systems in Chhattisgarh, Aurangabad (AURIC), and Himachal Pradesh.
- Analytics & Dashboards: Real-time performance monitoring for Odisha and Chhattisgarh.
- Donor Aid Management: Digital platforms in Rwanda and Mozambique for tracking grants and aid.
As of June 30, 2025, its order book stood at Rs 31,732.96 lakhs.
Its market presence spans across 12 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the USA, and Canada. Its customer base comprises governments, PSUs, development agencies, and enterprises.
Competitive strengths
- 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
- Track record of healthy financial performance