Csm Technologies Ipo Day 2 Gmp At 4 Check Subscription Status Should You Subscribe

The company's shares were trading at a grey market premium (GMP) of around 4%, suggesting a muted yet positive market debut.On the first day of bidding, the IPO was subscribed 26% overall against the 1.11 crore shares on offer. The retail investor portion received 40% subscription for the 44.69 lakh shares reserved for the segment.The public issue will remain open for subscription until June 29. CSM Technologies aims to raise Rs 145.78 crore through a book-built issue comprising an entirely fresh issue of 1.29 crore equity shares. The price band has been fixed at Rs 107 to Rs 113 per share.The basis of allotment is expected to be finalised on June 30, 2026, while the shares are likely to be listed on the NSE and BSE on July 2, 2026.CSM Technologies IPO GMP TodayAccording to market observers, the latest GMP for CSM Technologies IPO stands at Rs 4 per share, translating to a premium of 3.54% over the upper end of the issue price band. Based on the GMP, the estimated listing price is around Rs 117 per share, indicating a potential gain of 3.54% for investors.CSM Technologies IPO Subscription StatusAs per BSE data, the IPO was subscribed 26% overall on Day 1.Retail Individual Investors (RIIs): Subscribed 40% against 44.69 lakh shares on offer.Non-Institutional Investors (NIIs): Subscribed 53% against 19.15 lakh shares reserved.Qualified Institutional Buyers (QIBs): No bids were received on Day 1 against the 46.15 lakh shares allocated to the category.About the CompanyEstablished in 1998, CSM Technologies is a digital transformation and GovTech solutions provider offering software products, consulting, and system integration services to government bodies, public sector organisations, and private enterprises.The company caters to a diverse range of sectors, including mining, agriculture, e-governance, public services, education, healthcare, and tourism. Its portfolio covers advanced technologies such as artificial intelligence (AI), cloud computing, cybersecurity, enterprise applications, and digital governance solutions.CSM Technologies has a presence across several regions, including India, Africa, and North America.Financial PerformanceCSM Technologies has demonstrated consistent financial growth over the last three fiscal years.For FY25, the company reported revenue of Rs 180.67 crore, up from Rs 167.71 crore in FY24. Profit after tax (PAT) increased to Rs 15.82 crore from Rs 12.63 crore during the same period. Earnings per share (EPS) stood at Rs 3.64 for FY25.Based on FY25 earnings, the IPO is priced at a price-to-earnings (P/E) multiple of approximately 42.6x.IPO Subscription ViewBrokerage Swastika Investmart has maintained a Neutral stance on the IPO.According to the brokerage, CSM Technologies operates in the specialised and expanding digital governance segment and benefits from established relationships with government clients. However, it highlighted that the issue is being offered at a substantial premium compared with listed peers, limiting valuation attractiveness.The brokerage also flagged key concerns, including the company's reliance on government contracts, relatively high receivable cycles, and strong competition within the IT services sector.Swastika Investmart noted that while the company offers exposure to the growing GovTech space, its premium valuation and execution-related risks justify a neutral investment outlook.With the grey market premium (GMP) hovering around 4%, current unofficial market signals suggest only moderate listing-day expectations. As a result, investors may be better served evaluating the company's long-term opportunities in digital public infrastructure and enterprise technology rather than focusing solely on short-term listing gains.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)