CSM Technologies IPO Subscribed 0.26 Times on Day 1

No image 5paisa Capital Ltd - 2 min read

Last Updated: 24th June 2026 - 05:32 pm

CSM Technologies Limited's initial public offering (IPO) opened for subscription on June 24, 2026, recording an overall subscription of 0.26 times by 4:44 PM on Day 1. The ₹145.78 crore book-build issue, priced at ₹107 to ₹113 per share, received bids for 28,40,376 shares against 1,11,30,880 shares on offer, with total applications reaching 10,823.

Subscription Status of CSM Technologies IPO

Date QIB NII Retail Employee Total
Day 1 (June 24) 0.00 0.53 0.40 0.44 0.26

Here are the subscription details for CSM Technologies IPO Day 1, as of 5:04 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount 
(₹ Cr.)
Anchor Investors 1.00 17,70,120 17,70,120 20.00
QIB (Ex-Anchor) 0.00 46,15,380 0 0.00
NII 0.53 19,15,650 10,09,272 11.41
Retail 0.40 44,69,850 17,74,212 20.05
Employee 0.44 1,30,000 56,892 0.64
Total 0.26 1,11,30,880 28,40,376 32.10

Key Highlights – Day 1

  • Overall subscription reached 0.26 times on Day 1 (June 24, 2026), reflecting cautious initial investor interest in this GovTech and digital transformation IPO.
  • Non-institutional investors showed the strongest opening participation at 0.53 times, with bNII at 0.71 times and sNII at 0.17 times on Day 1.
  • Employee category recorded 0.44 times on Day 1.
  • Retail investors recorded 0.40 times on Day 1.
  • Qualified institutional buyers (ex-anchor) showed no participation on Day 1.

About CSM Technologies Limited

Incorporated in 1998, CSM Technologies Limited is a GovTech and digital transformation company with 27 years of experience delivering e-governance platforms and digital infrastructure for government and private clients across sectors including mining, agriculture, education, healthcare, and trade. The company has a presence across 12 countries including India, Ethiopia, Kenya, Rwanda, and the United States, serving governments, PSUs, development agencies, and enterprises. 

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