CSM Technologies IPO Review | APPLY or AVOID?
CSM Technologies Limited started in 1998. It operates in the Engineering – Tech Solutions industry and provides GovTech and digital transformation solutions to its customers across 12 countries. This business is based in Bhubaneshwar, Odisha. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. The business relies on government tech spending across major agricultural and mining sectors. Updated review will be available soon.
✅ Strengths
⚠️ Challenges
Financial Update
The company released its restated financial statements for the year ending March 31, 2025. Total revenue was ₹200.63 crore increased from ₹198.65 in previous year. The net profit for the same period was ₹14.09 crore increased from ₹12.55 in previous year. Assets increased by 24.18% compared to the previous year. Updated review will be available soon.
IPO Valuation
The upper price band is ₹113. This price leads to a Price-to-Earnings (P/E) ratio of –. The average P/E for the industry is –. The company historical earnings show an EPS of 3.72 rupees. Updated review will be available soon.
IPO Objective
Company will use Offer proceeds to meet stated objectives:
- Funding operational working capital requirements
- Repayment of outstanding company borrowings
- General corporate funding targets
Promoters & Lead Manager
- Priyadarshi Pany and Lagna Panda are the company promoters.
- Keynote Financial Services Limited manages the book building process
- Kfin Technologies Ltd. is the registrar.
Peer Comparison
Below is the comparison of the company with its listed peers using data from March 31, 2025. Updated review will be available soon.
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| CSM Technologies Ltd. | 3.72 | 3.72 | 118.73 | 18.49 | ||
| Trigyn Technologies Ltd. | 3.82 | 3.82 | 241 | 14.58 | 1.59 | 0.23 |
| Allied Digital Service Ltd | 4.98 | 4.91 | 107 | 24.44 | 5.34 | 1.12 |
| Dev Information Technology Ltd | 6.85 | 6.84 | 30 | 4.12 | 21.54 | 0.93 |
| Silver Touch Technologies Ltd | 17.5 | 17.5 | 105 | 11.91 | 16.6 | 1.98 |
Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).
IPO Review & Analyst Rating
The formal analysis from market reviewers is currently unavailable for this public issue.
| Analyst Name | Recommendation |
|---|---|
| – | – |
| – | – |
Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.
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