BSE List Price : ₹113.00

NSE List Price : ₹113.00

subscription

Category	Times
QIBs	1.02x
HNIs	1.54x
Retail	1.62x
Total : 1.36x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	132	₹14,916
Retail Maximum	13	1,716	₹193,908
S-HNI Minimum	14	1,848	₹208,824
S-HNI Maximum	67	8,844	₹999,372
B-HNI Minimum	68	8,976	₹1,014,288

About the Company

CSM Technologies, established in 1998, is a technology-driven company delivering digital and IT solutions to government bodies as well as private sector organizations.

The company primarily specializes in GovTech (government technology) and digital transformation initiatives. Its solutions cater to a wide range of sectors, including mining, agriculture, trade, education, healthcare, tourism, and public administration.

Backed by over 27 years of industry experience, CSM Technologies designs and implements e-governance platforms and digital ecosystems that enable governments to enhance operational efficiency, leverage data-driven decision-making, and improve citizen service delivery.

In addition, the company provides consulting, advisory, and self-service technology solutions that support process automation, operational optimization, and enhanced customer engagement for both public and private sector clients.

CSM Technologies has a presence across 12 countries, including India, the United States, and Canada, serving a diverse client base comprising government departments, public sector enterprises, development organizations, and commercial businesses.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹161.50	₹138.88	₹15.82	₹80.02
2024	₹198.65	₹180.83	₹12.55	₹124.45
2025	₹200.63	₹180.19	₹14.09	₹154.55
Dec 2025	₹167.05	₹146.45	₹14.70	₹206.00

Company Promoter

Priyadarshi Pany

Lagna Panda

Know before investing

• • Strengths

  Extensive Domain Expertise: Possesses significant experience in providing digital transformation and technology solutions across multiple sectors, including governance, mining, agriculture, education, healthcare, tourism, and public administration.

  Strong Position in a High-Barrier Industry: Operates in an industry that demands established execution capabilities, specialized domain knowledge, regulatory adherence, and long-standing client relationships, making market entry challenging for new competitors.

• • Risks

  Tender Acquisition & Execution Risk: A substantial share of business is generated through competitive tendering processes. Inability to secure new contracts or execute awarded projects within agreed timelines could adversely affect revenue, profitability, and growth prospects.

  Reliance on Government Contracts Risk: The business is exposed to the risk of suspension, disqualification, or blacklisting by government agencies. Such actions may limit eligibility for future government tenders and negatively impact operations, financial performance, and corporate reputation.

Objects of the Issue & Utilisation of proceeds

Funding working capital requirements of the Company

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company

Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

Company  Address

CSM Technologies Ltd.
Plot No – E/56, Infocity-1
Chandrasekharpur, Dist.: Khurda, Khordha,
Bhubaneshwar, Odisha, 751024
Phone: +0674 6635900
Email: secretarial@csm.tech
Website: http://www.csm.tech/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: csmtechnologies.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

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