CSM Technologies IPO
IT - Software • ₹145.78 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Heavy dependence on government or PSU customers
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹113
Lot Size
132 shares
Issue Size
₹145.78 Cr
Open
24 Jun 2026
Close
29 Jun 2026
Subscription
1.32×
IPO Schedule
| Issue Open Date | 24 Jun 2026 |
| Issue Close Date | 29 Jun 2026 |
| Allotment Date | 30 Jun 2026 |
| Listing Date | 01 Jul 2026 |
About CSM Technologies
Incorporated in 1998, CSM Technologies is engaged in providing information technology solutions, GovTech platforms, and digital transformation services across sectors such as mining, agriculture, education, healthcare, tourism, industry, and public services. With over 27 years of experience, it designs, develops, and implements e-governance platforms and digital infrastructure for government agencies and corporate clients. The company offers technology consulting, advisory services, and self-service solutions that support process automation and customer engagement. It has executed projects focused on public digital infrastructure and citizen-centric service delivery across India and international markets. Its key solutions include platforms for agriculture, education, grievance redressal, logistics management, social protection, urban governance, and investor facilitation. The company has implemented projects for various state governments in India and international programs across Africa. The company has a presence in 14 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, Malawi, Cape Verde, the United States of America, and Canada. It leverages sector expertise, analytics, and scalable technology platforms to support digital transformation initiatives.
Company Details
Founders / Promoters
Mr Priyadarshi Nanu Pany
Founded
1998
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
CSM Technologies — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.0x and elevated disclosed risk (8/10), CSM Technologies listed at a premium of 0.0% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company claims to have developed deep expertise across multiple sectors, including mining, governance, agriculture, education, healthcare, and tourism. It states that its end-to-end capabilities s
- The company states that it has built a portfolio of proprietary platforms and patented technologies to support scalable digital solutions. These include a low-code/no-code framework, an AI model orche
- The company claims to have built a diversified presence across multiple Indian states and international markets. In India, the company claims to operate across multiple states, including Odisha, Bihar
- The company claims to operate in a high-entry-barrier IT-ITeS industry supported by its CMMI Level-5 and SOC 2 Type II certifications and multiple government empanelments. It states that its execution
- The company states that it is led by experienced promoters and senior management with extensive industry expertise. Promoter and CEO Priyadarshi Pany has around 28 years of experience, while Executive
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
Actual listing outcome → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹113
Listing Price
₹113
Listing Gain/Loss
+0.00%
Listing Date
01 Jul 2026
Price Since Listing
Returns are measured against the ₹113 issue price.
Listing
₹113
+0.0%
1 Week
₹100.46
-11.1%
Current
₹96.4
-14.7%
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FAQ
What is the price band of CSM Technologies IPO?
The price band is ₹113 per share with a lot size of 132 shares. Minimum investment: ₹14,916.
What does CSM Technologies do?
Incorporated in 1998, CSM Technologies is engaged in providing information technology solutions, GovTech platforms, and digital transformation services across sectors such as mining, agriculture, education, healthcare, tourism, industry, and public services. With over 27 years of experience, it designs, develops, and implements e-governance platforms and digital infrastructure for government agencies and corporate clients. The company offers technology consulting, advisory services, and self-service solutions that support process automation and customer engagement. It has executed projects focused on public digital infrastructure and citizen-centric service delivery across India and international markets. Its key solutions include platforms for agriculture, education, grievance redressal, logistics management, social protection, urban governance, and investor facilitation. The company has implemented projects for various state governments in India and international programs across Africa. The company has a presence in 14 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, Malawi, Cape Verde, the United States of America, and Canada. It leverages sector expertise, analytics, and scalable technology platforms to support digital transformation initiatives.
Should I apply for CSM Technologies IPO?
CSM Technologies listed at ₹113 (+0.0% premium to the ₹113 issue price) after 1.3x subscription. IPOFins Score 3/10: Driven by QIB demand at 1.0x and elevated disclosed risk (8/10), CSM Technologies listed at a premium of 0.0% to its issue price. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded CSM Technologies?
CSM Technologies was founded by Mr Priyadarshi Nanu Pany in 1998.