CSM Technologies
Price Band
₹107 - ₹113
Lot Size
132 Shares
Issue Size
₹146.00 Cr
Fresh Issue
₹146.00 Cr
OFS
Nil (100% Fresh)
Registrar
AI Sentiment Score
Listing Price
₹113.00
vs Issue: ₹113 (0.00%)
📅 IPO Timeline
✓
Open
Jun 24, 2026
✓
Close
Jun 29, 2026
✓
Allotment
Jun 30, 2026
✓
Refund
Jul 1, 2026
✓
Demat
Jul 1, 2026
✓
Listing
Jul 2, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
CSM Technologies displays an established operational footprint with expanding revenue streams (12.2% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (12.2% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 29.4%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding working capital requirements of the Company | ₹53.00 |
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | ₹25.88 |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | ₹67.12 |
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 160.00 Cr | Rs 197.00 Cr | Rs 199.00 Cr | Rs 226.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 16.00 Cr | Rs 13.00 Cr | Rs 14.00 Cr | Rs 24.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 28.00 Cr | Rs 24.00 Cr | Rs 30.00 Cr | Rs 46.00 Cr |
| Borrowings (₹ Cr) | Rs 9.00 Cr | Rs 34.00 Cr | Rs 35.00 Cr | Rs 72.00 Cr |
| Total Assets (₹ Cr) | Rs 80.00 Cr | Rs 124.00 Cr | Rs 155.00 Cr | Rs 215.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 29.40% | 29.40% | 29.40% | 29.40% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
19.3x
Industry P/E
22.2x
Debt/Equity
0.70
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 22.2x
IPO 19.3x
0x (Deep Value)
30x (High Multiple)
📋 Live Subscription Status
QIB
1.02x
NII
1.65x
Retail
1.62x
Total
1.36x
🎯 Retail Allotment Probability
61.7% Odds
1 in 1.6 chance (~61.7% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:31 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹146.0 Cr
Issue Size
Fresh (100%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.