CSM Technologies Shares List Flat at ₹113 on NSE and BSE After 1.36x IPO Subscription

CSM Technologies made its stock market debut on July 2, 2026, with shares listing at ₹113 on both the NSE and BSE. The listing price was at par with the IPO issue price, indicating a flat market debut.

The company had raised ₹145.78 crore through a book-built public issue consisting entirely of a fresh issue of equity shares. The IPO attracted moderate investor interest across retail, institutional, and non-institutional categories.

CSM Technologies IPO Listing Price and Market Debut

CSM Technologies shares were listed at ₹113 per share on July 2, 2026, on both the NSE and BSE. The listing matched the upper end of the IPO price band and the final issue price.

As a result, investors did not witness any listing premium or discount on the first day of trading. The flat debut reflected the overall demand trends seen during the subscription period of the public issue.

CSM Technologies IPO Subscription Details

The IPO was open for subscription from June 24, 2026, to June 29, 2026. The issue received bids for 1.51 crore shares against 1.11 crore shares available for subscription, resulting in an overall subscription of 1.36 times.

Retail investors showed the strongest participation, subscribing to their allocated portion 1.62 times. The NII segment was subscribed 1.54 times, while the QIB category witnessed subscription of 1.02 times, indicating balanced interest across investor groups.

CSM Technologies Financial Performance FY25

CSM Technologies reported steady growth in its financial performance during FY25. Revenue increased to ₹180.67 crore in FY25 from ₹167.71 crore in FY24, reflecting growth in business operations.

Profit after tax rose to ₹15.82 crore compared with ₹12.63 crore in the previous financial year. Earnings per share stood at ₹3.64 in FY25, highlighting an improvement in profitability alongside revenue expansion.

What Does CSM Technologies Do?

Founded in 1998, CSM Technologies operates as a digital transformation and GovTech solutions provider. The company offers software products, consulting services, and system integration solutions to government departments, public sector entities, and private organisations.

Its business presence spans sectors including mining, agriculture, e-governance, healthcare, education, public services, and tourism. The company's technology capabilities include artificial intelligence, cloud computing, cybersecurity, enterprise applications, and digital governance solutions, with operations across India, Africa, and North America.

Read More: Turtlemint Shares List at 11% Discount.

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Conclusion

CSM Technologies entered the public markets with a flat listing at ₹113 per share, matching its IPO issue price. The company raised ₹145.78 crore through its fresh issue and achieved an overall subscription of 1.36 times.

Stronger participation from retail and NII investors supported the offering, while institutional demand remained relatively modest. Based on its FY25 earnings, the IPO was priced at a price-to-earnings multiple of approximately 42.6x, providing a valuation benchmark at the time of listing.

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