CSM Technologies IPO Subscribed 0.26 Times on Day 1
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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