EverestIMS Technologies IPO
EverestIMS Technologies IPO Details
-
Open Date
29 Sep 2026
-
Close Date
05 Oct 2026
- IPO Price Range
₹ 80 to ₹85
- IPO Size
₹ 48.46 Cr
EverestIMS Technologies IPO Timeline
EverestIMS Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Sep-2026 | 0.00 | 0.11 | 0.21 | 0.13 |
| 30-Sep-2026 | 0.00 | 0.36 | 0.90 | 0.52 |
Last Updated: 30 September 2026 11:13 PM by 5paisa
EverestIMS Technologies Limited is a software company that provides Software as a Service (SaaS) and on-premises products and services. The Company specialises in digital transformation and IT Operations and Service Management, incorporating AI-enabled product solutions to help organisations manage and automate their IT operations.
Its products and services are offered under the Infraon brand. The Company's flagship platform, Infraon Infinity, provides capabilities across AI for IT Operations Management (AIOps), Generative AI-powered IT Service Management (ITSM), IT Infrastructure Management (ITIM), Network Change and Configuration Management (NCCM), IT Asset Management (ITAM) and Operations Support System (OSS).
EverestIMS offers both cloud-based subscription solutions and on-premises products installed within customers' own infrastructure. Its go-to-market model combines direct sales with domestic and international channel partners, distributors and sales agents. The Company also operates through its US subsidiary, Infraon Corp.
Established in: 2017
Managing Director: Satish Kumar Vijayaragavan
Peers:
Newgen Software Technologies Limited
EverestIMS Technologies Objectives
1. Purchase of IT hardware for setting up an Artificial Intelligence (AI) Innovation and Experience Laboratory
2. Funding of Working Capital Requirement
3. General Corporate Purposes
EverestIMS Technologies IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹48.46 Cr |
| Offer For Sale | ₹9.41 Cr |
| Fresh Issue | ₹39.05 Cr |
EverestIMS Technologies IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3,200 | 2,72,000 |
| Individual investors (IND) (Max) | 2 | 3,200 | 2,72,000 |
| S-HNI (Min) | 3 | 4,800 | 4,08,000 |
| S-HNI (Max) | 7 | 11,200 | 9,52,000 |
| B-HNI (Min) | 8 | 12,800 | 10,88,000 |
EverestIMS Technologies IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.00 | 10,88,000 | 0 | 0 |
| Non-Institutional Buyers | 0.11 | 8,16,000 | 92,800 | 0.789 |
| bNII (> ₹10L) | 0.13 | 5,44,000 | 68,800 | 0.585 |
| sNII (< ₹10L) | 0.09 | 2,72,000 | 24,000 | 0.204 |
| Retail | 0.21 | 18,97,600 | 4,06,400 | 3.454 |
| Total** | 0.13 | 38,01,600 | 4,99,200 | 4.243 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 45.23 | 56.54 | 65.12 |
| EBITDA | 17.44 | 22.64 | 23.34 |
| PAT | 10.83 | 14.08 | 13.14 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 50.47 | 67.82 | 90.27 |
| Share Capital | 1.83 | 17.04 | 17.04 |
| Total Liabilities | 50.47 | 67.82 | 90.27 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) operating activities | 5.32 | 2.63 | 9.20 |
| Net Cash Generated From / (used in) Investing Activities | -6.56 | -2.75 | -8.76 |
| Net Cash Generated From / (used in) financing activities | -0.27 | 0.04 | -0.02 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -1.50 | -0.08 | 0.43 |
Strengths
1. Integrated IT operations and service management portfolio offered through the Infraon platform.
2. Product suite covers ITSM, ITIM, AIOps, NCCM, IT asset management and OSS solutions.
3. Ability to serve customers through both cloud-based SaaS and on-premises deployment models.
4. Revenue from operations increased from ₹45.23 crore in FY24 to ₹65.12 crore in FY26.
5. The Company reported no debt in its key financial performance disclosures for FY24, FY25 and FY26.
Weaknesses
1. Revenue is significantly concentrated among a relatively small number of customers.
2. The top five customers accounted for 76.07% of revenue from operations in FY26.
3. The top ten customers contributed 88.77% of revenue from operations in FY26.
4. The business depends on continued investment in product development and adapting its software to rapidly changing technologies.
5. Working capital requirements are significant, with ₹24 crore of the IPO proceeds proposed to be used towards this purpose.
Opportunities
1. Growing adoption of cloud, hybrid IT infrastructure and digital transformation can expand demand for IT operations management solutions.
2. Increasing use of artificial intelligence and machine learning in IT management creates opportunities for AIOps-based offerings.
3. The proposed AI Innovation and Experience Laboratory can support development and demonstration of AI-enabled products.
4. Expansion through international channel partners can broaden the Company's geographic customer base.
5. Cross-selling additional Infraon modules to existing customers provides scope to deepen customer relationships.
Threats
1. Rapid technological changes may require continuous investment in product development and upgrades.
2. Cybersecurity breaches or software vulnerabilities could affect customers and the Company's reputation.
3. Data privacy, cybersecurity and data-sovereignty regulations across different jurisdictions may increase compliance requirements.
4. Competition from larger domestic and global software companies may affect pricing and customer acquisition.
5. Dependence on skilled technology professionals exposes the business to employee availability and talent-retention risks.
1. Revenue from operations increased from ₹45.23 crore in FY24 to ₹65.12 crore in FY26.
2. The Company maintained EBITDA margins above 35% across FY24, FY25 and FY26.
3. Its Infraon platform provides multiple IT management products covering ITSM, ITIM, AIOps, NCCM, asset management and OSS.
4. The Company's order book stood at approximately ₹39.12 crore as of August 31, 2026.
5. EverestIMS offers both SaaS and on-premises deployment models and has an international presence through customers, channel partners and its US subsidiary.
The Indian IT Operations and Service Management market was valued at approximately US$1,011.55 million in 2023 and is projected to reach around US$2,665.58 million by 2031, representing an expected CAGR of 12.9% between 2023 and 2031.
Growth in the segment is being supported by enterprise digitalisation, cloud adoption, increasingly complex IT environments and greater use of artificial intelligence and automation. Organisations operating across hybrid and multi-cloud infrastructure also require tools that provide centralised monitoring, service management and automation across multiple technology environments.
EverestIMS operates across these areas through its Infraon portfolio and offers both cloud and on-premises deployment. The Company also plans to expand the use of AI within its products and proposes to establish an AI Innovation and Experience Laboratory using part of the fresh issue proceeds.
Its international strategy includes direct sales through its US subsidiary as well as channel-led expansion. The Company currently generates most of its revenue from India while also serving markets including the UAE, Malaysia, Singapore, Saudi Arabia and the Philippines.
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FAQs
EverestIMS Technologies IPO opens on September 29, 2026 and closes on October 5, 2026.
The size of EverestIMS Technologies IPO is approximately ₹48.46 crore at the upper end of the price band. The offer comprises up to 57,00,800 equity shares, including a fresh issue of up to 45,93,600 shares and an offer for sale of up to 11,07,200 shares.
The price band of EverestIMS Technologies IPO is fixed at ₹80 to ₹85 per share.
To apply for EverestIMS Technologies IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section.
2. Enter the number of lots and the price at which you wish to apply for the EverestIMS Technologies IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
4. You will receive a mandate notification to block funds in your UPI app.
The market lot size of EverestIMS Technologies IPO is 1,600 shares. Individual investors must apply for a minimum of 2 lots, or 3,200 shares, requiring an investment of ₹2,72,000 at the upper price band of ₹85 per share.
The basis of allotment for EverestIMS Technologies IPO is expected to be finalised on October 6, 2026.
EverestIMS Technologies IPO is tentatively scheduled to list on BSE SME on October 8, 2026.
Oneview Corporate Advisors Private Limited is the book-running lead manager for the EverestIMS Technologies IPO. Maashitla Securities Private Limited is the registrar to the offer.
The Company proposes to use the net proceeds from the fresh issue for:
1. Purchase of IT hardware for setting up an Artificial Intelligence (AI) Innovation and Experience Laboratory
2. Funding of Working Capital Requirement
3. General Corporate Purposes