CSM Technologies IPO booked 26 pc on Day 1

New Delhi, Jun 24 (PTI) The initial public offer of IT solutions provider CSM Technologies was subscribed to 26 per cent on the first day of the share sale on Wednesday.

The initial public offering (IPO) received bids for 28,52,784 shares against 1,11,30,880 shares on offer, according to data from the NSE.

The portion for Non-Institutional Investors received a 53 per cent subscription, while Retail Individual Investors (RIIs) subscribed for 40 per cent.

The Qualified Institutional Buyers (QIBs) category saw no participation so far.

CSM Technologies raised Rs 20 crore from anchor investors on Tuesday.

The company has fixed a price band of Rs 107-113 per share for its Rs 145.78-crore IPO, which will conclude on June 29.

Shares of the company will be

listed on the BSE and NSE.

The proceeds from the fresh issue will be utilised to fund working capital requirements and repay debt, with the remainder allocated towards achieving inorganic growth.

The company’s revenue from operations was Rs 165.5 crore for the nine-month period ended December 2025, and its net profit was Rs 14.7 crore.

Its revenue from operations was Rs 199.24 crore during FY25 as against Rs 196.71 crore during FY24. Its net profit was Rs 14.08 crore during FY25, compared to Rs 12.54 crore during FY24. PTI HG HVA