csm technologies

CSM Technologies Limited (New IPO): GMP, Profit, Price & expert review

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CSM Technologies Limited is a leading global GovTech and digital transformation company headquartered in Bhubaneswar, Odisha. The firm specializes in delivering 360-degree IT solutions, including AI, IoT, and e-governance platforms for both government and private sectors.

Core offerings of CSM Technologies include AI and Data Analytics, Cloud Transformation, and Bespoke Application Development. They pioneer e-governance platforms for mining, agriculture, and healthcare, alongside specialized products like DocoVault and CSM AI Foundry, enhancing transparency and efficiency for global governments.

It was established in the year 1998 & currently Mr. Priyadarshi Pani acts as the Managing Director.

CSM Technologies Limited has filed DRHP with SEBI for a proposed IPO consisting entirely as a Fresh Issue of 12,901,000 Equity Shares & no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size: 12,901,000 Equity shares
Fresh Issue: 12,901,000 Equity shares
Offer for Sale:NIL
Price Range:TBA
Lot Size:TBA
GMPPending

CSM Technologies Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 76.17 Cr
Revenue:₹ 199.24 Cr
EBITDA₹ 29.27 Cr
PAT₹14.08 Cr
EBITDA Margin:~14.69%
PAT Margin~7.02%
Face Value:₹ 10 Per Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing payment~ ₹ 25.88 Cr
Working Capital Requirement~ ₹ 53 Cr
Sales and Market Expenses~ ₹ 00 Cr
General Corporate PurposeBalance

CSM Technologies Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 160.4₹ 196.7₹ 199.2
PAT (₹ Cr)₹ 15.8₹ 12.5₹ 14.1
Asset (₹ Cr)₹ 80.2₹ 124.5₹ 154.6
Net Worth (₹ Cr)₹ 50.3₹ 59.7₹ 76.2

CSM Technologies Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
11-Mar₹ –₹ –₹ –
10-Mar₹ –₹ –₹ –
09-Mar₹ –₹ –₹ –
08-Mar₹ –₹ –₹ –
07-Mar₹ –₹ –₹ –
CSM Technologies Limited

CSM Technologies Limited IPO Pros & Cons

Strengths:

  • Experience of  27+ years delivering complex, mission-critical e-governance and digital transformation.
  • Strong presence across India, Africa, and North America with 100+ clients.
  • In-house innovation including AI platforms and patented minerals management software solutions.
  • Historically high client stickiness with 95% revenue from existing government contracts.
  • Fresh issue of the IPO will fund expansion and debt repayment.

Risks:

  • Top five customers contribute over 60% of total company operating income.
  • Revenue relies on winning competitive government bids, posing high business uncertainty.
  • Increasing employee costs and operating overheads have recently moderated profitability margins.
  • High exposure to changing government policies and political shifts in India.
  • Unhedged foreign currency revenues from international projects risk impact on bottom-line.

CSM Technologies Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Priyadarshi Pany Lagna Panda~93.60%
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CSM Technologies Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of CSM Technologies Limited 

Lead / Book Running Lead ManagersKeynote Financial Services Limited.
Registrar (RTA)KFin Technologies Limited

CSM Technologies Limited FAQ

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