CSM Technologies IPO

About CSM Technologies IPO

CSM Technologies IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the Demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA. The IPO of CSM Technologies comprises a fresh issue aggregating up to 1,29,01,000 equity shares. There is no offer for sale in this IPO. The lot size of shares in the IPO is TBA and the price band of shares is TBA per share.

The minimum investment amount required by a retail investor is TBA based on the upper price. The minimum lot for retail investors is TBA (XXX shares).

CSM Technologies is amongst the few IT solutions companies, which has delivered first of its kind projects for the government as well as for the private sector. The company also specialises in providing Gov-tech solutions and digital transformation services.

It provides technology solutions across sectors such as mining and allied services, government & public services, agriculture and allied services, industry and trade facilitation, education, healthcare and tourism.

Objectives of CSM Technologies IPO

The company proposes to utilise the IPO proceeds for:

• Funding working capital requirements of the company
  
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
  
• Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
  

Industry Outlook

India’s e-governance and public sector digitalisation market is poised for steady growth, at a CAGR of 4.8%, reaching ~USD 178 million in FY31. This growth is likely to be supported by the government's focus on digital transformation, automation of public services, and improved efficiency through AI, cloud computing, and blockchain technologies.

Going forward, the Indian government’s spending on IT and digital initiatives is projected to grow at a CAGR of 7.6% between FY25E-FY31P, reaching USD 1,738 million in FY31P. This steady increase reflects the government's commitment to enhancing digital infrastructure, cybersecurity, and AI-driven governance. The growth in spending is likely to be driven by continued investments in e-governance, cloud adoption, and smart city initiatives.

About CSM Technologies

CSM Technologies is amongst the few IT solutions companies, which has delivered first of its kind projects for the government as well as for the private sector. It also specialises in providing Gov-tech solutions and digital transformation services. It provides technology solutions across sectors such as mining and allied services, government & public services, agriculture and allied services, industry and trade facilitation, education, healthcare and tourism.

Strengths of CSM Technologies

• Deep sectoral expertise across a diversified spectrum of industries
• Proprietary technology driven innovations and patented technology developed in-house
• Extensive geographic footprint with scalable operations across key markets
• Established presence in a high-entry-barrier industry
• Experienced promoters and senior management team having domain knowledge
• Track record of healthy financial performance

Risks of CSM Technologies

• Failure to complete projects within contractual time may affect future business prospects and financial performance
• Any adverse developments in Odisha could materially affect business and growth prospects
• Delays or a lack of tenders from government entities, along with adverse changes in government policies, could materially impact business
• Loss of one or more of customers or reduction in their demand for offerings could adversely affect business
• Significant social, political, or economic changes in mining and allied could adversely affect business
• The company is exposed to the risk of disqualification, suspension, or blacklisting by government authorities in India or overseas

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: KFin Technologies
• Book Running Lead Manager: Keynote Financial Services

CSM Technologies Business Model

Over the last twenty-eight years, CSM Technologies has executed multiple projects focused on the development of public digital infrastructure and implementation of scalable e-governance platforms across various economic and social sectors in India and other countries.

The company provides technology solutions across sectors such as mining and allied services, government & public services, agriculture and allied services, industry and trade facilitation, education, healthcare and tourism.

CSM Technologies Company Growth Trajectory

The revenue from operations of CSM Technologies grew from ₹160.4387 crores in FY 23 to ₹199.2442 crores in FY 25. Its revenue from existing customers increased from 90.79% in FY 23 to 95.01% in FY 25. Deep sectoral expertise and an extensive geographic footprint with scalable operations across key markets have helped the company grow over the years.

CSM Technologies Market Position

As on the date of its DRHP, CSM Technologies had presence in 12 countries, including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the United States of America, and Canada. In India, the company operates across multiple states including Odisha, Bihar, New Delhi, Uttar Pradesh and Jharkhand.

How to Apply for CSM Technologies IPO?

To apply for this IPO:

• Log in to your Kotak Neo Demat account: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.