How to Apply for the CSM Technologies IPO: Step-by-Step Investment Guide

    Summary:


    CSM Technologies Ltd is an information technology company engaged in providing GovTech and digital transformation solutions for government organisations, public sector entities, development agencies, and enterprises across sectors such as agriculture, education, healthcare, mining, trade, tourism, and public services. The CSM Technologies IPO opens on June 24, 2026, and closes on June 29, 2026. The company plans to issue 1,29,01,000 equity shares through a book-built issue with a price band of ₹107 to ₹113 per share. The IPO is proposed to be listed on the BSE and NSE. The company proposes to utilise the net proceeds towards working capital requirements, repayment or prepayment of certain borrowings, inorganic growth initiatives, and general corporate purposes.

    CSM Technologies Ltd is an information technology company that develops GovTech and digital transformation solutions for government organisations, public sector entities, development agencies, and enterprises. Its services cover sectors such as agriculture, mining, education, healthcare, trade, tourism, urban development, and public services through digital platforms, consulting, analytics, and process automation. The company has operations across India and selected international markets and provides technology solutions designed to support administrative processes, citizen services, and business operations. Its project portfolio includes e-governance platforms, digital infrastructure, investor facilitation systems, social protection platforms, logistics management solutions, and data analytics dashboards. The company also undertakes consulting and advisory assignments for digital transformation initiatives. These activities form part of its operations within the information technology and GovTech sector.

    Investors can apply for the CSM Technologies Ltd IPO through the ASBA (Application Supported by Blocked Amount) facility available via net banking or through a registered platform. To apply, investors need to log in to their preferred application platform, select the IPO from the list of available public issues, enter the bid quantity and price within the specified price band, and provide the required demat account details. After reviewing the application, investors can submit the bid and complete the mandate authorisation process. Once the application is submitted, the corresponding amount is blocked in the investor's bank account until the allotment process is completed. Following the basis of allotment, shares allotted to successful applicants are credited to their demat accounts, while the blocked amount for unallotted or partially allotted applications is released as per the applicable process. Investors should review the offer document and ensure that all application details are entered correctly before submission.

    For more details, visit the CSM Technologies IPO page.

    CSM Technologies IPO Details and Objectives

    Details

    Information

    IPO Date

    June 24, 2026 to June 29, 2026

    Issue Size

    1,29,01,000 shares (aggregating up to ₹145.78 Cr)

    Price Band

    ₹107 to ₹113 per share

    Lot Size

    132 shares

    Listing At

    BSE, NSE

     

    Purpose of the IPO

    • 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

    • General corporate purposes

    Timeline of CSM Technologies IPO

    Event

    Date

    IPO Open Date

    Wed, Jun 24, 2026

    IPO Close Date

    Mon, Jun 29, 2026

    Basis of Allotment

    Tue, Jun 30, 2026

    Initiation of Refunds

    Wed, Jul 1, 2026

    Credit of Shares to Demat

    Wed, Jul 1, 2026

    Tentative Listing Date

    Thu, Jul 2, 2026

    Cut-off time for UPI mandate confirmation

    5 PM on Mon, Jun 29, 2026  

     

    Pricing & Lot Size of CSM Technologies IPO

    Price Band for the IPO

    • ₹107 to ₹113 per share

    Minimum Lot Size and Application Details

    Application

    Lots

    Shares

    Amount

    Retail (Min)

    1

    132

    ₹14,916

    Retail (Max)

    13

    1,716

    ₹1,93,908

    S-HNI (Min)

    14

    1,848

    ₹2,08,824

    S-HNI (Max)

    67

    8,844

    ₹9,99,372

    B-HNI (Min)

    68

    8,976

    ₹10,14,288



    CSM Technologies IPO Application Process

    The CSM Technologies IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:

    Step 1: Login to Your Trading Platform

    Access your trading account using the trading platform.

    Step 2: Navigate to the IPO Section

    Go to the IPO section to view active IPO listings.

    Step 3: Select the Open IPO and Click Apply

    Locate CSM Technologies IPO in the list of available IPOs and click the ‘Apply’ button.

    Step 4: Enter the Quantity of Shares You Wish to Apply For

    Specify the number of shares (lot size: 132 shares) at the price band of ₹107 to ₹113 per share.

    Step 5: Provide Your UPI ID

    Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

    Step 6: Confirm the Application

    Review your application details and confirm the UPI mandate before 5 PM on the last application day.

    Step 7: Complete the Process and Wait for IPO Allotment Status

    Submit the application and monitor the allotment status to check if shares have been allocated to you.

    Shares Offered in CSM Technologies IPO

    The shares offered in the CSM Technologies IPO are allocated across different investor categories in accordance with the reservation structure disclosed in the issue documents. The allocation includes reservations for anchor investors, qualified institutional buyers, non-institutional investors, retail individual investors, and eligible employees. The table below presents the number of shares offered and the corresponding share of the total issue for each category.

    Investor Category

    Shares Offered

    Anchor Investors

    38,31,300 (29.70%)

    Employee Reserved

    1,30,000 (1.01%)

    Non-Institutional Investor

    19,15,650 (14.85%)

    Qualified Institutional Buyers

    25,54,200 (19.80%)

    Retail Individual Investor

    44,69,850 (34.65%)

    Total Shares Offered

    1,29,01,000 (100.00%)

    This allocation reflects the reservation of shares among the respective investor categories as specified in the IPO documents.

     

    Financial Health and Performance

    Key Financial Metrics

    • Total Assets: Grew from ₹80.02 crore in FY23 to ₹154.55 crore in FY25.

    • Total Income: Recorded at ₹200.63 crore in FY25, as compared to ₹161.50 crore in FY23.

    • Profit After Tax (PAT): Reported at ₹14.09 crore in FY25, compared to ₹15.82 crore in FY23.

    • Net Worth: Recorded at ₹76.18 crore in FY25, compared to ₹50.31 crore in FY23.

    • Reserves & Surplus: Stood at ₹73.21 crore in FY25, as compared to ₹45.69 crore in FY23.

    • EBITDA: Stood at ₹29.27 crore in FY25, compared to ₹27.87 crore in FY23.

    Recent Performance and Growth Prospects

    • The company reported growth in its asset base during the reviewed period, reflecting expansion in its operational scale and business activities.

    • Total income increased compared to the earlier financial year, indicating higher business volumes and revenue generation.

    • Profit after tax declined during the period under review, reflecting changes in the company's earnings performance.

    • Net worth strengthened, supported by the accumulation of profits and growth in shareholders' funds.

    • Reserves and surplus increased during the period, contributing to the company's overall financial position.

    • EBITDA registered growth compared to the previous financial year, indicating changes in operating performance.

    • The company's financial position reflects changes in revenue generation, profitability, and balance sheet strength over the review period.

    Investment Risks and Opportunities

    Potential Risks of Investing in the IPO

    • The company operates in the information technology and GovTech sector, where business performance may be influenced by changes in government spending, project awards, technology adoption, regulatory requirements, and execution timelines.

    • A significant portion of the company's business is derived from government organisations and public sector entities. Delays in project implementation, contract renewals, or customer payments may affect revenue recognition, cash flows, and operational performance.

    • The company's financial performance reflects a decline in profit after tax between FY23 and FY25 despite higher revenue, indicating that profitability may be influenced by operating costs, project mix, and other business factors.

    Opportunities and Growth Potential

    • The company proposes to utilise the IPO proceeds towards working capital requirements, repayment or prepayment of certain borrowings, and inorganic growth initiatives. These activities may support its operational and business requirements.

    • CSM Technologies has operations across multiple sectors, including agriculture, education, healthcare, mining, trade, tourism, and public services, with projects spanning India and selected international markets. Its presence across these sectors and continued participation in digital transformation initiatives may support future business operations, subject to project execution, technology adoption, and market conditions.

    Key Performance Indicator (KPI)

     

    KPI

    Dec 31, 2025

    Mar 31, 2025

    ROE

    23.75%

    20.73%

    ROCE

    24.40%

    22.62%

    Debt/Equity

    0.86

    0.46

    RoNW

    16.54%

    18.49%

    PAT Margin

    8.80%

    7.02%

    EBITDA Margin

    18.16%

    14.69%

    Price to Book Value

    4.92

    0.95

    CSM Technologies IPO Registrar & Lead Managers

    Registrar

    Lead Manager(s)

    KFin Technologies Ltd.

    Keynote Financial Services Ltd.

    Company Address of CSM Technologies Ltd

    Plot No - E/56, Infocity-1,

    Chandrasekharpur, 

    Dist. Khurda, Khordha,

    Bhubaneswar, Odisha, 751024

    Phone: +0674 6635900

    Email: secretarial@csm.tech

    Website: https://www.csm.tech/

    Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your CSM Technologies IPO allotment status.

     

    Frequently Asked Questions

    Published Date : 24 Jun 2026

    Disclaimer :

    Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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