CSM Technologies Limited ’s Initial Public Offering to open on Wednesday, June 24, 2026
FinTech BizNews Service
Mumbai, June 22, 2026: CSM Technologies Limited shall open its Bid / Issue in relation to its initial public offering of Equity Shares on Wednesday, June 24, 2026 and shall close on Monday, June 29, 2026.
3,87,02,472 Equity shares of face value Rs10 each are outstanding prior to the Issue and as on date.
Mr. Priyadarshi Pany, MD & CEO, CSM Technologies
The Issue comprises of a Fresh Issue of up to 1,29,01,000 Equity Shares of face value of Rs10 each.
The proceeds from the Fresh Issue will be utilised towards funding working capital requirements of the Company, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company, achieving inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes (collectively, the “Object of Issue”).
Keynote Financial Services Limited is the book running lead manager to the Issue (“Book Running Lead Manager” or “BRLM”).
KFin Technologies Limited is the Registrar to the Issue (“Registrar to the Issue”).
The Equity Shares are being issued through the red herring prospectus of the Company dated June 17, 2026 (the “RHP”) filed with the Registrar of Companies, Orissa at Cuttack (the “RoC”), Securities and Exchange Board of India (“SEBI”) along with corrigendum to the RHP dated June 19, 2026 and are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, collectively the “Stock Exchanges”).
About the Company:
Incorporated in 1998, the company is amongst the few IT solutions companies, who have delivered first-of-its-kind projects for government as well as for the private sector. The Company also specialises in providing GovTech solutions and digital transformation services.
It provides technology solutions across sectors such as mining and allied services, government & public services, agriculture and allied services, industry and trade facilitation, education, healthcare and tourism (Source: CARE Report).
These solutions are aimed at streamlining operations, improving data-driven decision-making, and facilitating citizen-centric services. The Company also offers consulting and advisory services and also provides self-service technologies that enable government organisations and corporate clients to migrate, automate, and manage customer-facing business processes through self-service channels (Source: CARE Report).
As of the date of the Red Herring Prospectus, the Company has executed projects across 20 cities in India and 14 countries internationally.
Also, the Company has executed multiple projects focused on the development of public digital infrastructure and implementation of scalable e-governance platforms across various economic and social sectors in India and other countries.
Its revenue from operations was Rs 165.5 crore for the nine-months ended 31 December, 2025 and its net profit was Rs 14.7 crore. Its revenue from operations was Rs 199.24 crore during FY25 as against Rs 196.71 crore during FY24.
Its net profit was Rs 14.08 crore during FY25 as against Rs 12.54 crore during FY24
The Issue is being made through the book-building process, wherein not more than 50% of the Issue is allocated to qualified institutional buyers, and not less than 15% of the Issue is assigned to non-institutional bidders and not less than 35% of the Issue is assigned to retail individual bidders respectively.
