CSM Technologies IPO allotment status is being finalized today with a total subscription of 1.36 times
The share allotment for the CSM Technologies IPO is scheduled to be finalized today. Investors who participated in the bidding process can now check their allotment status online. The public offering, whose bidding cycle recently ended, received a consistently strong response from various market participants throughout its multi-day subscription window.
By the time of the bidding window closing, the public issue was subscribed a total of 1.36 times. Investors placed bids for 1.51 crore shares against the 1.11 crore shares offered by the firm. This reflects strong investor interest, driven primarily by the retail and non-institutional bidding segments.
Individual retail investors led the demand by subscribing 1.62 times their allotted portion. Non-institutional investors followed closely, booking 1.54 times their allotted portion. Meanwhile, qualified institutional buyers registered 1.02 times the subscription, and the employee portion saw the highest individual category traction with 1.82 times the available shares.
The initial public offering opened for public bidding on June 24, 2026, and closed on June 29, 2026. The technology firm fixed the price band for the issue between ₹107 and ₹113 per equity share. At the upper price band, the total issue size was ₹145.78 crore.
This capital market book-built issue consisted entirely of a fresh issue of 12.9 million equity shares, without any offer-for-sale component. Prior to the public opening, the company raised ₹20 crore from anchor investors on June 23, 2026. The firm allotted 17.70 lakh shares to participants such as Nova Global Opportunities Fund at ₹113 per share.
The company plans to use the proceeds from this fresh issue to fuel its upcoming operational strategy. Specifically, ₹560 crore will be used to meet working capital requirements. The remaining ₹22.63 crore will be earmarked for part-repayment or prepayment of outstanding borrowings, while the remainder will be used for acquisitions and corporate purposes.
The firm provides services in 12 countries across diverse sectors, including mining, agriculture, education, healthcare, tourism, and public administration. Financially, the company recorded operating revenues of ₹199.24 crore for FY2025. During the same period, its profit after tax reached ₹14.09 crore, with EBITDA of ₹29.27 crore.
Bidders can check their allotment status online using the platforms of the National Stock Exchange or the Bombay Stock Exchange. Additionally, the official portal of KFin Technologies Limited, the issue registrar, provides status updates. Users will need to enter their PAN, application number, or DP ID to view their results.
Unlisted market trends indicate that the company’s gray market premium is between ₹0 and ₹4 per share. This represents a slight premium over the issue price prior to its public debut. Following the completion of the allotment process, the equity shares are scheduled to be officially listed on the BSE and NSE on July 2, 2026.
Founded in 1998, CSM Technologies has built over 27 years of experience in the technology sector. The company primarily focuses on providing GovTech solutions, digital transformation services, and digital public infrastructure support. It designs and implements specialized software applications for government agencies, public sector organizations, and large companies.
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