About
CSM Technologies Limited is an IT and IT-enabled services company that provides GovTech solutions, digital transformation services, e-governance platforms, and digital infrastructure support. Incorporated in 1998, the company designs, develops, and implements technology solutions for government agencies, public sector organisations, enterprises, and development agencies. Its offerings are aimed at improving operational efficiency, enabling data-driven decision-making, and delivering citizen-centric services. The company also provides consulting and advisory services, self-service technologies, system integration, automation, cloud, cybersecurity, and related IT services. CSM serves multiple sectors, including mining and allied services, government and public services, agriculture and allied services, industry and trade facilitation, education, healthcare, and tourism. Revenue is generated through the execution of technology projects and service contracts, many of which are awarded through competitive bidding processes, particularly by government entities. The company also has an international presence across multiple countries.
IPO schedule
| Issue open date | 2026-06-24 |
| Issue close date | 2026-06-29 |
| UPI mandate deadline | 2026-06-29 (5 PM) |
| Allotment finalization | 2026-06-30 |
| Refund initiation | 2026-07-01 |
| Share credit | 2026-07-01 |
| Listing date | 2026-07-02 |
| Mandate end date | 2026-07-14 |
| Lock-in end date for anchor investors (50%) | 2026-07-29 |
| Lock-in end date for anchor investors (remaining) | 2026-09-27 |
Financials
| Financial Year Ended | March 2024 | March 2025 | December 2025 |
| Total Assets | 124.45 | 154.55 | 206 |
| Revenue | 198.65 | 200.63 | 167.05 |
| Profit After Tax | 12.55 | 14.09 | 14.7 |
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 145.78 |
| Fresh issue- proceeds go to company | 145.78 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Fund working capital requirements | 56 (38.41%) |
| Repay or prepay certain outstanding borrowings | 22.63 (15.52%) |
| Acquisitions, strategic initiatives, and general corporate purposes | 67.15 (46.07%) |
Strengths
- CSM Technologies has over 27 years of experience in delivering e-governance and digital transformation projects.
- The company specialises in GovTech solutions across sectors such as agriculture, mining, education, healthcare, and public services.
- It has long-standing relationships with government agencies and enterprise customers through successful project execution.
- The company has a presence in multiple international markets, including Africa, North America, and India.
- It offers a broad range of technology services, including software development, system integration, cloud, cybersecurity, and consulting.
Risks
- A significant portion of revenue depends on government projects awarded through competitive bidding processes.
- Failure to win new contracts or complete projects on time could adversely affect business performance.
- The company faces intense competition from other IT services and technology solution providers.
- Rapid technological changes require continuous investment in innovation and new solution development.
- Non-compliance with government IT, cybersecurity, accessibility, or procurement regulations could impact operations and reputation.
Allotment Status for CSM Technologies
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.