EverestIMS Technologies IPO

EverestIMS Technologies IPO

-- / 2 lots

EverestIMS Technologies IPO Details

RHP/DRHP

Issue Date

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Price Band

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Lot Size

-- Shares

IPO Size

N/A

Listing At

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Schedule of EverestIMS Technologies IPO

IPO Open Date

IPO Close Date

Basis of Allotment

Refund Initiation

Credit of Shares

Listing on exchange

About EverestIMS Technologies Ltd IPO

The IPO of EverestIMS Technologies Ltd comprises a fresh issue and an offer for sale. The fresh offer is up to 55,32,000 equity shares of face value of ₹10 each. The offer for sale is up to 4,74,000 equity shares of face value of ₹10 each. It’s a 100% book-built offer.

Objectives of EverestIMS Technologies Ltd IPO

  • Investment in new capabilities
  • Purchase of IT hardware and subscription of cloud services
  • Funding of working capital requirement
  • General corporate purposes

EverestIMS Technologies Ltd IPO Valuation

EverestIMS Technologies Ltd IPO Share Offer and Subscription Details

Industry Outlook

In terms of value, the IT operations and service management market in India was valued at US$ 1011.55 million in 2023 and is projected to reach US$ 2665.58 million by 2031. It’s expected to register a CAGR of 12.9% from 2023 to 2031. The IT Operations and Service Management (ITOSM) market in India is experiencing growth owing to a rapidly expanding digital landscape and an increasing focus on technological advancements.

Company Information

EverestIMS Technologies Ltd is a software company that provides both Software as a Service (SaaS) and on-premise products and services. It specialises in digital transformation, IT Operation and Service Management incorporating AI enabled product solutions where applicable to help businesses streamline their IT operations, improve efficiency, and enhance user experiences.

Fully Integrated Platform

The company’s fully integrated ‘Infraon Infinity’ platform provides a variety of modules and AI-powered features for both on-premises and SaaS customers. Typically for different IT service and operation management needs by the customers they would require multiple tools to fulfil their needs, whereas its unified platform fulfils all the requirements with its single platform. This makes it easier for the customer to maintain, boosts their efficiency, and ensures smooth support for them.

Cordial Relationship with Channel Partners

As a channel partner-focused company, EverestIMS empowers its partners with comprehensive support and provides free training to ensure they fully understand its products and services, enabling them to offer the right solution to their customers. Additionally, it assists partners in increasing their revenue by training them to deliver professional services to the customers.

Diversified Platform Development and Market Expansion

EverestIMS has developed its platform with a comprehensive range of offerings in ITIM, AIOPS, ITSM, ITAM, and OSS space. This has enabled it to expand its product and service portfolio, providing both SaaS and on-premises solutions to a diverse range of customers, including large enterprises, telecom operators, and small to medium-sized businesses (SMBs).

Risks of EverestIMS Technologies Ltd IPO

  • Failure to Adapt to Technological Advancements

The company’s business may be adversely affected if it fails to adapt to rapid technological changes and evolving industry standards, or if it’s unable to successfully enhance its existing products and services or develop new offerings.

  • Lack of Formal Agreements with Channel Partners

EverestIMS has not entered into formal agreements with some channel partners for joint sales strategies, which could have a material adverse effect on its business, financial condition, and results of operations.

Negative Cash Flows:

The company has had negative cash flows in the past. Sustained negative cash flow could adversely impact their business, financial condition, and results of operations.

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Comparison with peers

Anchor Investor Bidding Date TBA

IPO Registrar and Book Running Lead Manager

  • Registrar: Maashitla Securities Pvt Ltd
  • Book Running Lead Manager: Oneview Corporate Advisors Pvt Ltd

Business Model

EverestIMS Technologies Ltd offer comprehensive solutions that enable businesses to remotely monitor critical network devices, servers, applications, and more to reduce downtime, improve service delivery, and streamline IT operations through its flagship platform 'Infraon Infinity'. Its products and services offered under the brand name Infraon are as follows:

  • Information Technology Service Management (ITSM)
  • IT Infrastructure Management (ITIM)
  • Network Configuration and Content Management (NCCM)
  • AI for IT Operations (AIOPS)
  • IT Asset Management (ITAM)
  • Operation Support System (OSS)

Company Growth Trajectory

The company’s total income jumped from ₹23.1301 crores in FY 22 to ₹45.6166 crores in FY 24. Its EBITDA margin grew from 28.68% in FY 22 to 38.23% in FY 24, while PAT margin recorded a growth from 18.70% in FY 22 to 23.66% in FY 24. The experienced core team along with diversified platform development has contributed to the company’s growth over the years. Along with serving Indian customers, the company also serves customers in countries like the UAE, Malaysia and Kenya.

Market Position

EverestIMS Technologies Ltd has its registered office in Bengaluru, Karnataka, with offices in Delhi and Mumbai. It engages in direct sales through both its company and its subsidiary, Infraon Corp, located in the USA. In addition, it also engages with domestic and international channel partners and sales agents who identify potential customers, work jointly with it to qualify and close deals, and serve as the primary intermediaries for managing customer relationships.

EverestIMS Technologies Ltd Profit and Loss

EverestIMS Technologies Ltd Balance Sheet

How to Check Allotment Status of EverestIMS Technologies Ltd IPO?

1. Visit the Registrar’s Website

  • Visit the official website of Maashitla Securities Pvt Ltd
  • Choose ‘Public Issues’ from ‘Allotment Status’ dropdown
  • Select the ‘Name of the Company’
  • Enter either your PAN, Application Number or Demat Account Number
  • Click on ‘Submit’ to know the status

2. Check on Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

  • Choose the Issue Type
  • Select the Issue Name from dropdown
  • Put in either your application number or PAN number
  • Check the box ‘I’m not a robot’
  • Click on ‘Search’ to know allotment status

How to Apply for EverestIMS Technologies Ltd IPO?

  • Log in to your Kotak Neo Demat account - Log in to your 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.

EverestIMS Technologies IPO FAQs

The EverestIMS Technologies IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].

The EverestIMS Technologies IPO will open for subscription on [-] and will close on [-] for investors.

The lot size of EverestIMS Technologies IPO is null equity shares, requiring a minimum investment of [-] for retail investors applying in the IPO.

The price band of the EverestIMS Technologies IPO has been fixed at ₹[-] per equity share.

You can apply for the EverestIMS Technologies IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

EverestIMS Technologies IPO allotment will take place on [-].

You can check the EverestIMS Technologies IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

EverestIMS Technologies shares will list on the stock exchanges on [-].

You can find detailed information about the EverestIMS Technologies IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

The IPO of EverestIMS Technologies Ltd comprises a fresh issue and an offer for sale. The fresh issue is up to 55,32,000 equity shares, while the offer for sale is up to 4,74,000 equity shares.

The exact dates of the IPO are yet to be announced.

Sudhakar Aruchamy is the chairman of EverestIMS Technologies Ltd.

You can read more about the IPO of EverestIMS Technologies Ltd from the company’s draft red herring prospectus here.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Neo Research Team, nor is it a report published by the Kotak Neo Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.

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