CSM Technologies' initial public offering (IPO) opened on June 24, 2026, and had booked 66% subscription by its third day, June 26. The IPO closes on June 29, 2026, with a price band set between ₹107 and ₹113 per share. Prior to the public issue, the company raised ₹20 crore from anchor investors, allotting 17,70,120 equity shares at ₹113 each, according to livemint.com.
The anchor investor portion opened on June 23, a day before the public subscription began. Key anchor investors included Nova Global Opportunities Fund and PCC-Touchstone. The funds raised through the IPO are intended to support CSM Technologies' growth initiatives, particularly in government technology (GovTech) and digital transformation services. The company aims to leverage the capital infusion to expand its service offerings and market reach.
The IPO comes at a time when the GovTech sector in India is gaining momentum, driven by increased digital adoption in government operations. CSM Technologies is positioning itself to capitalize on this trend by focusing on digital transformation services. The ₹20 crore anchor investment and the strong early subscription rate suggest investor confidence in the company’s growth prospects. This IPO adds to a series of recent public offerings by tech firms targeting government and enterprise digital services.
The IPO subscription window closes on June 29, 2026, marking the final opportunity for retail and institutional investors to participate. The company’s performance post-listing will be closely watched, with the allotment and listing dates expected to be announced shortly after the close of the issue.