CSM Technologies IPO Opens June 24: Price Band and Key Dates

Mumbai | June 18, 2026 

IT solutions provider CSM Technologies will launch its initial public offering on June 24, 2026, with a price band of ₹107 to ₹113 per share. The issue is entirely a fresh issue of 1.29 crore equity shares, valuing the company at ₹583.1 crore at the upper end of the band. 

When Will the CSM Technologies IPO Open and Close? 

The anchor book opens for a day on June 23, ahead of the public issue window from June 24 to June 29. Allotment is expected to be finalised on June 30, with refunds and credit of shares to demat accounts on July 1. Shares are tentatively scheduled to list on the BSE and NSE on July 2. 

The retail lot size is 132 shares, requiring a minimum investment of ₹14,916 at the upper price band. Small non institutional investors need at least 14 lots (1,848 shares), amounting to ₹2,08,824, while big non institutional investors need 68 lots (8,976 shares), amounting to ₹10,14,288. 

What Is the Issue Size and Share Allocation? 

The IPO comprises a fresh issue of 1,29,01,000 equity shares, with no offer for sale component, aggregating up to ₹146 crore. CSM Technologies has reserved 1.3 lakh shares for employees. Of the net offer, half is set aside for qualified institutional buyers, 15 per cent for non institutional investors and 35 per cent for retail investors. Each share carries a face value of ₹10. Pre issue shareholding stood at 3,87,02,472 shares, rising to 5,16,03,472 shares post issue. 

How Will CSM Technologies Use the IPO Proceeds? 

CSM Technologies will use ₹53 crore of the proceeds for working capital requirements and ₹25.88 crore for debt repayment. The remaining amount is earmarked for inorganic growth through future acquisitions and general corporate purposes. 

What Does CSM Technologies Do? 

Incorporated in 1998, CSM Technologies is an Odisha based company specialising in GovTech and digital transformation solutions. It works across sectors including mining, agriculture, trade, education, healthcare, tourism and public services, drawing on 27 years of experience building e-governance platforms for government agencies. 

The company earned 63 per cent of its revenue from government entities, out of total revenue from operations of ₹165.52 crore for the nine months ended December 2025. Its order book stood at ₹31,732.96 lakh as of June 30, 2025. CSM Technologies operates across 12 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the United States and Canada, serving governments, public sector undertakings, development agencies and enterprises. It competes with players including Trigyn Technologies, Allied Digital Services, Dev Information Technology and Silver Touch Technologies. 

Keynote Financial Services is the book running lead manager for the issue, and KFin Technologies is the registrar. The IPO will list on both the BSE and NSE, with trading expected to begin on July 2, 2026. 

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