CSM Technologies has fixed its initial public offering (IPO) price band between ₹107 and ₹113 per equity share, with a face value of ₹10 each. The subscription for the IPO is scheduled to open on June 24 and close on June 29, 2026. Anchor investors will be allocated shares on June 23, ahead of the public subscription, according to livemint.com.
The IPO will allocate 50% of shares to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs), and 35% to retail investors. The lot size for the IPO is set at 132 shares. The company has disclosed these details as part of its public offering process, aiming to raise capital through this market debut, livemint.com reported.
This IPO comes at a time when technology companies are increasingly tapping public markets to fund expansion and innovation. The pricing and allocation strategy reflect a balanced approach to attract diverse investor categories. Comparable IPOs in the technology sector have seen similar subscription structures, indicating CSM Technologies' alignment with market norms, as per livemint.com.
The anchor investor allocation on June 23 will provide an early indication of institutional interest in the IPO. The subscription window from June 24 to June 29 will be critical for the company to gauge retail and non-institutional demand. The final listing date will be announced following the closure of the subscription period, according to livemint.com.