CSM Technologies IPO Review 2026: Price Band, Listing Dates, GMP, Lot Size & Allotment
CSM Technologies Limited is launching its Mainboard IPO through a book-built issue aggregating up to ₹145.78 crore. The issue consists entirely of a fresh issue of equity shares and the company proposes to list on both NSE and BSE.
CSM Technologies is a leading GovTech and digital transformation company with nearly three decades of experience in delivering technology solutions for governments, public sector undertakings, development agencies, and enterprises. The company has built a strong reputation through its digital governance platforms, citizen-centric services, and large-scale transformation projects across India and international markets.
CSM Technologies IPO Snapshot
| Particulars | Details |
|---|---|
| IPO Opening Date | June 24, 2026 |
| IPO Closing Date | June 29, 2026 |
| Listing Date | July 2, 2026 (Tentative) |
| Issue Type | Book Built IPO |
| Price Band | ₹107 – ₹113 per share |
| Face Value | ₹10 per share |
| Lot Size | 132 Shares |
| Listing Exchange | BSE & NSE |
| Total Issue Size | 1,29,01,000 Shares (₹145.78 Crore) |
| Fresh Issue | 1,29,01,000 Shares (₹145.78 Crore) |
| Pre-Issue Shares | 3,87,02,472 Shares |
| Post-Issue Shares | 5,16,03,472 Shares |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | Keynote Financial Services Ltd. |
CSM Technologies IPO Important Dates
| Event | Date |
|---|---|
| IPO Opens | June 24, 2026 |
| IPO Closes | June 29, 2026 |
| Basis of Allotment | June 30, 2026 |
| Refund Initiation | July 1, 2026 |
| Credit of Shares | July 1, 2026 |
| Listing Date | July 2, 2026 |
Refer to RHP for detailed information.
About CSM Technologies Limited
Founded in 1998, CSM Technologies Limited is a technology consulting and digital transformation company specializing in GovTech solutions. The company develops and implements large-scale digital platforms that help governments, public institutions, and enterprises improve operational efficiency, citizen engagement, transparency, and service delivery.
Over the last 27 years, the company has executed several mission-critical projects across agriculture, education, governance, trade facilitation, urban development, social protection, donor aid management, analytics, and investor facilitation.
CSM Technologies has established a global presence across 12 countries including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the United States, and Canada. Its customer base includes government departments, public sector undertakings, development agencies, and private enterprises.
As of March 31, 2026, the company's order book stood at approximately ₹357.63 crore, providing strong revenue visibility for future growth.
As of March 31, 2026, the company employed 1,327 professionals across technology, consulting, implementation, support, and management functions.
Key Solutions and Projects
Agriculture & Rural Development
- KRUSHAK Odisha
- SAFAL Credit Facilitation Platform
- GO SUGAM Single Window Platform
- National Soil Information System
- Kenya Seed Certification Project
- Ethiopia Wheat Rust Warning System
Education Technology
- SAMS Odisha
- OFSS Bihar
- eSikshakosh
- Unified Scholarship Portal
Governance & Citizen Services
- Mo Sarkar AI-enabled grievance management platform
- Citizen engagement and feedback systems
- Public service delivery automation solutions
Industry & Trade Facilitation
- Digital Logistics Management System
- GO-SWIFT Investor Facilitation Platform
- Industrial approval and single-window systems
Competitive Strengths
- More than 27 years of GovTech and digital transformation experience.
- Strong relationships with government agencies and institutions.
- Diversified project portfolio across multiple sectors.
- Global presence spanning 12 countries.
- Large and healthy order book providing revenue visibility.
- Strong expertise in AI, analytics, automation, and citizen-centric platforms.
- Proven track record of executing large-scale digital governance projects.
- Highly skilled workforce of over 1,300 professionals.
Industry Outlook
India's digital governance ecosystem continues to witness significant growth driven by Digital India initiatives, smart governance programs, public sector modernization, and increasing adoption of cloud, analytics, AI, and automation technologies. GovTech spending by governments and institutions is expected to increase substantially over the coming years, creating opportunities for technology partners with proven execution capabilities.
Companies specializing in digital public infrastructure, citizen service delivery, and enterprise transformation are likely to benefit from this long-term structural trend.
CSM Technologies IPO Strengths
- Strong leadership position in the GovTech segment.
- Long-standing relationships with government and institutional clients.
- Diversified revenue streams across sectors and geographies.
- Robust order book supporting future revenue growth.
- Scalable business model with recurring project opportunities.
- International presence and execution capabilities.
Risk Factors
- Dependence on government and public-sector contracts.
- Project execution delays may impact profitability.
- Competitive IT services and digital transformation landscape.
- Policy changes or government spending slowdown could affect growth.
- Revenue concentration from large contracts and key clients.
- Technology disruption and cybersecurity risks.
IPO Allotment & Application Status
Registrar: Kfin Technologies Ltd.
- NSE Bid Status: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Frequently Asked Questions (FAQs) - CSM Technologies
What are the IPO dates for CSM Technologies IPO?
CSM Technologies IPO opens on June 24, 2026 and closes on June 29, 2026.
What is the price band of CSM Technologies IPO?
The IPO price band has been fixed at ₹107 to ₹113 per equity share.
What is the minimum investment required for CSM Technologies IPO?
The minimum retail investment is ₹14,916 for one lot comprising 132 shares at the upper price band.
What is the lot size of CSM Technologies IPO?
The minimum application lot size is 132 equity shares.
When will the allotment of CSM Technologies IPO be finalized?
The basis of allotment is expected to be finalized on June 30, 2026.
When is CSM Technologies IPO listing date?
The shares are proposed to be listed on NSE and BSE on July 2, 2026, subject to regulatory approvals.
What does CSM Technologies Limited do?
CSM Technologies is a GovTech and digital transformation company that provides technology solutions for governments, public institutions, development agencies, and enterprises across sectors such as agriculture, education, governance, healthcare, and trade.
How large is the order book of CSM Technologies?
As of March 31, 2026, the company's order book stood at approximately ₹357.63 crore.
Who is the registrar of CSM Technologies IPO?
Kfin Technologies Limited is the registrar to the issue.
Is CSM Technologies IPO a Mainboard IPO?
Yes, CSM Technologies IPO is a Mainboard IPO and is proposed to be listed on both NSE and BSE.
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