EverestIMS Technologies IPO

EverestIMS Technologies IPO is a book-built issue worth ₹48.46 crore. The IPO comprises a fresh issue of 45.94 lakh shares aggregating to ₹39.05 crore and an offer for sale of 11.07 lakh shares aggregating to ₹9.41 crore.

Oneview Corporate Advisors Private Limited is the book-running lead manager to the issue, while Maashitla Securities Private Limited is the registrar. KG Stock Broking Private Limited is the market maker for the issue. For detailed information on the company's financials, business operations, and associated risks, investors are advised to refer to the EverestIMS Technologies IPO RHP.

About EverestIMS Technologies Limited

EverestIMS Technologies Limited was originally incorporated as EverestIMS Technologies Private Limited on April 13, 2017, under the Companies Act, 2013. The company was subsequently converted into a public limited company, and its name was changed to EverestIMS Technologies Limited on September 10, 2024.

The company operates as a software products and services provider, offering both Software-as-a-Service (SaaS) and on-premise solutions focused on digital transformation and IT operations management. Through its flagship platform, Infraon Infinity, the company enables enterprises to monitor, manage, automate, and optimise their IT infrastructure and service operations.

Its product portfolio includes IT Service Management (ITSM), IT Infrastructure Management (ITIM), AI for IT Operations (AIOps), Network Configuration and Change Management (NCCM), IT Asset Management (ITAM), and Operations Support Systems (OSS). These solutions are designed to reduce downtime, improve operational efficiency, enhance service delivery, and support enterprise digitalisation initiatives.

The company generates revenue through the sale of software licences, SaaS subscriptions, maintenance services, implementation support, professional services, hardware products, and customised software solutions. It serves customers across industries, including telecom, government organisations, enterprises, and small and medium-sized businesses.

EverestIMS Technologies Limited has established both domestic and international operations, supported by its wholly owned US subsidiary, Infraon Corp. The company also utilises a channel partner-driven sales model, working with distributors and technology partners to expand its market reach across multiple geographies.

The company’s strategy focuses on expanding its SaaS offerings, increasing adoption of AI-powered IT operations solutions, growing recurring subscription revenue, strengthening channel partnerships, and broadening its customer base across domestic and international markets. It also plans to enhance its technology capabilities through investments in artificial intelligence and product innovation.

Industry Outlook

• India’s IT Operations and Service Management (ITOSM) market is witnessing strong growth as organisations increasingly adopt digital transformation initiatives and cloud-first strategies to improve operational efficiency and service delivery.
• The global ITOSM market is expected to grow significantly through 2031, driven by increasing adoption of artificial intelligence, automation, cloud infrastructure, and advanced analytics across enterprises.
• Artificial Intelligence for IT Operations (AIOps) is becoming a major industry trend, enabling businesses to automate incident management, predict outages, improve system reliability, and reduce operational costs.
• The expansion of hybrid and multi-cloud environments is creating greater demand for unified IT monitoring, service management, and infrastructure management platforms that provide centralised control of complex IT ecosystems.
• The Indian ITOSM market was valued at approximately US$1.01 billion in 2023 and is projected to reach around US$2.67 billion by 2031, reflecting a CAGR of 12.9% during the forecast period.
• Industries such as IT and telecom, BFSI, healthcare, manufacturing, and government are increasingly deploying IT service management and infrastructure monitoring solutions to support automation and digital operations.
• Growing adoption of SaaS platforms, remote working models, cybersecurity requirements, and enterprise automation is expected to continue supporting long-term growth opportunities for IT operations software providers.

EverestIMS Technologies IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Purchase IT hardware and infrastructure for setting up an Artificial Intelligence (AI) Innovation and Experience Laboratory to strengthen product development and innovation capabilities.
• Acquire high-performance servers and GPU-enabled infrastructure to support the development and deployment of AI-powered software solutions and machine learning applications.
• Invest in advanced storage systems, networking equipment, and cloud management resources to enhance platform scalability and operational capabilities.
• Purchase laptops and technology equipment for product engineering, software development, and AI research teams.
• Meet incremental working capital requirements of the business to support future growth and expansion initiatives.
• Strengthen operational capabilities and support increasing customer demand across domestic and international markets.
• Utilise remaining funds towards general corporate purposes and growth-related requirements in accordance with applicable regulations.

Financial Performance of EverestIMS Technologies Limited

EverestIMS Technologies Limited Peer Details Comparison

Strengths and Opportunities of EverestIMS Technologies IPO

1. The company operates in the growing IT operations and service management software segment, benefiting from increasing enterprise digitalisation and cloud adoption.
2. It offers a diversified software platform covering ITSM, ITIM, AIOps, NCCM, ITAM, and OSS solutions, enabling cross-selling opportunities.
3. The business generated revenue of ₹6,512.39 lakh in FY26, reflecting consistent growth over the last three financial years.
4. The company reported a PAT of ₹1,313.93 lakh in FY26 and maintained healthy profitability margins.
5. Strong return ratios, including ROE of 24.33% and ROCE of 36.15%, indicate efficient utilisation of capital.
6. The company operates with no outstanding debt as of March 31, 2026, providing financial flexibility for future expansion.
7. Its SaaS and subscription-based revenue model provides opportunities for recurring income and long-term customer retention.
8. The company has established international operations through Infraon Corp and serves customers across multiple countries, including the UAE and Malaysia.
9. Planned investments in AI infrastructure and innovation capabilities could strengthen product offerings and support future growth.

Risks and Threats of EverestIMS Technologies IPO

1. The company derives a significant portion of its revenue from a limited number of customers, with the top 5 customers contributing 76.07% of FY26 revenue.
2. The business is dependent on a concentrated supplier base, with the top 5 suppliers accounting for 94.74% of purchases during FY26.
3. Rapid technological changes may require continuous investments in product upgrades, AI capabilities, and infrastructure to remain competitive.
4. The company’s success depends heavily on its ability to attract, retain, and motivate skilled technology professionals in a competitive talent market.
5. Cybersecurity threats, software defects, system failures, or misuse of its platforms could adversely affect operations and reputation.
6. The company has reported negative cash flow from investing activities during the last three financial years due to continued investment requirements.
7. Its business requires substantial working capital, and any inability to meet future working capital needs may affect growth plans.
8. Promoters hold a significant shareholding and will continue to exercise substantial influence over corporate decisions after the IPO.
9. The company faces competition from larger global technology companies and established IT service management software providers, which may impact pricing and market share.

EverestIMS Technologies IPO Reservation

EverestIMS Technologies IPO Promoter Holding

The promoters of the company are Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar and Deepak Gupta.

EverestIMS Technologies IPO Prospectus

• EverestIMS Technologies IPO RHP

EverestIMS Technologies IPO Registrar and Lead Managers

EverestIMS Technologies IPO Lead Managers

• Oneview Corporate Advisors Private Limited

Registrar for EverestIMS Technologies IPO

Maashitla Securities Private Limited

• Phone: 080-46567100
• E-mail: cs@everestims.com

EverestIMS Technologies IPO Registrar

How To Apply for EverestIMS Technologies IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the EverestIMS Technologies IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the EverestIMS Technologies IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

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Contact Details of EverestIMS Technologies IPO

Registered Office: No.759, Sree Gururaya Mansion, South Wing 8th Main, J.P. Nagar, III Phase, Bengaluru, Karnataka, 560078.

Phone: 080-46567100

E-mail: cs@everestims.com