Csm Technologies Ipo
CSM Technologies IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Keynote Financial Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 24, 2026 |
| IPO Close Date | June 29, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹107 to ₹113 Per Share |
| Issue Size | Approx ₹146 Crores |
| Fresh Issue | Approx ₹146 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 132 | ₹14,916 |
| Retail Maximum | 13 | 1,716 | ₹1,93,908 |
| S-HNI Minimum | 14 | 1,848 | ₹2,08,824 |
| S-HNI Maximum | 67 | 8,844 | ₹9,99,372 |
| B-HNI Minimum | 68 | 8,976 | ₹10,14,288 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
| IPO Open Date: | June 24, 2026 |
| IPO Close Date: | June 29, 2026 |
| Basis of Allotment: | June 30, 2026 |
| Refunds: | July 1, 2026 |
| Credit to Demat Account: | July 1, 2026 |
| IPO Listing Date: | July 2, 2026 |
| IPO Bidding Cut-off Time: | June 29, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 3,87,02,472 | 94.90% |
| Promoter Holding Post Issue | 5,16,03,472 | 94.90% |
| Purpose | Crores |
| Funding working capital requirements of the Company | ₹53.00 |
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | ₹25.88 |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹161.50 | ₹138.88 | ₹15.82 | ₹80.02 |
| 2024 | ₹198.65 | ₹180.83 | ₹12.55 | ₹124.45 |
| 2025 | ₹200.63 | ₹180.19 | ₹14.09 | ₹154.55 |
| KPI | Values |
| ROE: | 20.73% |
| ROCE: | 22.62% |
| EBITDA Margin: | 14.69% |
| PAT Margin: | 7.02% |
| Debt to equity ratio: | 0.46 |
| Earning Per Share (EPS): | ₹3.72 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 18.49% |
| Net Asset Value (NAV): | ₹118.73 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Trigyn Technologies Limited | 3.82 | 19.42 | 1.59% | 240.71 | 898.05 Cr. |
| Allied Digital Service Limited | 4.98 | 33.79 | 5.34% | 106.73 | 807.07 Cr. |
| Dev Information Technology Limited | 6.85 | 6.29 | 21.54% | 30.45 | 170.66 Cr. |
| Silver Touch Technologies Limited | 17.50 | 41.47 | 16.60% | 105.44 | 288.38 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |