CSM Technologies Limited
Promoters PRIYADARSHI PANY · LAGNA PANDA
Against an issue price of ₹113. Split- and bonus-adjusted official closes — a past move, never a forecast.
CSM Technologies Limited raised ₹146 crore through a mainboard initial public offer.
The filing places it in IT - Services and names two promoters: PRIYADARSHI PANY and LAGNA PANDA.
The book was open from 24 June 2026 to 29 June 2026.
The issue was priced at ₹113 a share, from a band of ₹107 to ₹113.
The whole offer is a fresh issue of shares — ₹146 crore raised by the company itself.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
The shares listed on 2 July 2026.
The last official close on file is ₹108 (21 September 2026), which is 4.3% below the issue price.
It now trades as CSM, and its filed financials are on its company page.
Shares sold in the issue at ₹113 last closed at ₹108.19.
See CSM’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
No offer-for-sale leg — every share in this offer is newly issued, so the whole amount raised goes to the company.
- Registrar
- KFintech Private Limited
- Lead manager
- Keynote Financial Services Limited
- Bidding opens24 Jun 2026
- Bidding closes29 Jun 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing2 Jul 2026
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment1 Aug 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment30 Sept 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment2 Jan 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment2 Jan 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2023 | ₹4.19 | ₹4.19 | 1 |
| FY2024 | ₹3.32 | ₹3.32 | 2 |
| FY2025 | ₹3.72 | ₹3.72 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
What the company says it will do with the money it raises. Only the fresh-issue portion reaches the company; anything raised through an offer for sale goes to the shareholders selling.
- Funding working capital requirements of our Company5,600₹ lakh
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company2,262.75₹ lakh
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes* Net Proceeds* [●] For further information, see “Objects of the Issue” beginning on page 119 of the Red Herring Prospectus.—
Figures as filed by the issuer in its offer document.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Allied Digital Service 5 Limitednot in our universe | 26.2 | — | 5.3% | 4.98 | ₹80,707 cr |
| Dev Information 2 Technology Limitednot in our universe | 3.8 | — | 21.5% | 6.85 | ₹17,066 cr |
| Silver Touch Technologies 10 Limitednot in our universe | 10.9 | — | 16.6% | 17.50 | ₹28,838 cr |
| Trigyn Technologies 10 Limitednot in our universe | 14.3 | — | 1.6% | 3.82 | ₹89,805 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Keynote Financial Services Limited 2023 – 2026 | 5 0 measurable | — | 1 of 1 | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
KFintech Private Limited 2023 – 2026 | 68 2 measurable | +35.7% | 2 of 5 | 1 of 3 | 1 of 1 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive1 Jul 2026
- Red herring prospectus (RHP)· ZIP · exchange archive17 Jun 2026
- Draft red herring prospectus (DRHP)· PDF · exchange archive25 Sept 2025
- Abridged prospectus· PDF · exchange archive17 Jun 2026
- Anchor investor allotment· ZIP · exchange archiveThis document is a scan with no text layer — readable by eye, not by machine.
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.