New IPO in the market! Opportunity to invest in ‘CSM Technologies’; Will be open on ‘this’ date

CSM Technologies IPO: CSM Technologies Limited will open its bid / issue in respect of the Initial Public Offering (IPO) of its equity shares on Wednesday, 24 June 2026 and close on Monday, 29 June 2026. 3,87,02,472 equity shares of ₹10 face value are outstanding prior to this issue and till date. This issue consists of a ‘Fresh Issue’ of up to 1,29,01,000 equity shares of face value of ₹10.

​The funds from the fresh issue will be used to meet the working capital requirements of the company, to fully or partially prepay or repay certain overdue loans taken by the company, to achieve inorganic growth through unidentified acquisitions and other strategic initiatives and for general corporate objectives.

Keynote Financial Services Limited is the book running lead manager of this issue. So ‘KFin Technologies Limited’ (KFin Technologies Limited) is the registrar of this issue. These Equity Shares are being issued pursuant to the Company’s Red Herring Prospectus dated June 17, 2026, which has been filed with the Registrar of Companies, Orissa (“RoC”), Cuttack, and SEBI, along with a corrigendum of RHP dated June 19, 2026. These shares are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, collectively the “Stock Exchanges”).

​Price Band: Fixed at ₹107 – ₹113 per Equity Share of face value ₹10 (“Equity Shares”).
​Bid/Issue : Open on Wednesday, 24 June 2026 and close on Monday, 29 June 2026. Bidding for anchor investors will be Tuesday, June 23, 2026.
​Minimum Bid : Bids can be made for a minimum of 132 equity shares and thereafter in multiples of 132 equity shares.

Company Information:
Established in 1998, this company is one of the few IT solutions companies that have implemented first-of-its-kind projects for both the government and private sectors. The company also specializes in providing GovTech solutions and digital transformation services. ​The company provides technology solutions in sectors such as mining and allied services, government and public services, agriculture and allied services, industry and trade facilitation, education, healthcare and tourism. These solutions aim to streamline operations, improve data-based decision-making and facilitate citizen-centric services. The company also offers consulting and advisory services and provides self-service technology, which enables government agencies and corporate clients to migrate, automate and manage customer-related business processes through self-service channels (Source: Care Report).
​As of the date of the Red Herring Prospectus, the company has implemented projects in 20 cities in India and 14 countries internationally.
Also, the company has implemented several projects focusing on the development of public digital infrastructure and implementation of scalable e-governance platforms in various economic and social sectors in India and other countries.
For the nine months ended December 31, 2025, the company had an operating income of ₹165.5 crore and a net profit of ₹14.7 crore. The company’s operating income during FY25 was ₹199.24 crore, compared to ₹196.71 crore during FY24.
The company’s net profit during FY25 was ₹14.08 crore, compared to ₹12.54 crore during FY24.
The issue is being done through a book-building process wherein not more than 50% of the issue will be allotted to qualified institutional buyers (QIB), at least 15% to non-institutional bidders and at least 35% to retail individual bidders respectively.