CSM Technologies IPO Subscribed 1.36 Times on Day 3

CSM Technologies Limited's initial public offering (IPO) closed its three-day subscription window at 1.36 times overall subscription by 5:04 PM on Day 3 (June 29, 2026). The ₹145.78 crore book-build issue, priced at ₹107 to ₹113 per share, received bids for 1,51,91,220 shares against 1,11,30,880 shares on offer, with total applications reaching 45,807.

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Subscription Status of CSM Technologies IPO

Here are the subscription details for CSM Technologies IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription crossed full subscription at 1.36 times on the final day, from Day 2's 0.66 times, with all categories crossing full subscription on the closing day of this GovTech and digital transformation IPO.
• Employee category led at 1.82 times, improving from Day 2's 0.92 times, reflecting strong internal participation from the company's 1,327-member workforce.
• Retail investors crossed full subscription at 1.63 times, improving from Day 2's 0.75 times.
• Non-institutional investors improved to 1.54 times from Day 2's 1.09 times, with bNII at 1.65 times and sNII at 1.32 times.
• Qualified institutional buyers (ex-anchor) crossed full subscription at 1.02 times, improving from Day 2's 0.38 times.
• Total applications reached 45,807 on Day 3.
   

Key Highlights – Day 2

• Overall subscription reached 0.66 times, improving from Day 1's 0.26 times, with NII crossing full subscription on Day 2.
• Non-institutional investors crossed full subscription at 1.09 times, improving from Day 1's 0.53 times, with bNII at 1.42 times and sNII at 0.45 times.
• Qualified institutional buyers (ex-anchor) improved to 0.38 times from no participation on Day 1.
• Retail investors improved to 0.75 times from Day 1's 0.42 times.
• Employee category improved to 0.92 times from Day 1's 0.48 times.
   

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.