{"id":128477,"date":"2026-06-24T01:30:00","date_gmt":"2026-06-23T20:00:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=128477"},"modified":"2026-06-23T17:32:07","modified_gmt":"2026-06-23T12:02:07","slug":"csm-technologies-ipo-gmp-day-1","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/","title":{"rendered":"CSM Technologies IPO GMP Day 1: Grey Market Premium \u20b94, Expected Listing \u20b9117 (3.5% Gain)"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>CSM Technologies IPO GMP: \u20b94 on Day 1. Expected listing \u20b9117 (+3.5%). Price band \u20b9107-113. Lot 132 shares. Min \u20b914,916. Issue \u20b9145.78 Cr. Mainboard. IT e-governance, 12 countries, 1327 employees.<\/em><\/p>\n<p>The CSM Technologies IPO GMP on Day 1 of the subscription period stands at \u20b94 per share, implying an expected listing price of approximately \u20b9117 on the upper price band of \u20b9113 \u2014 a potential gain of around 3.5% over the issue price. The CSM Technologies IPO subscription is now open for all eligible investor categories. The issue is a mainboard IPO raising \u20b9145.78 crore at a price band of \u20b9107 to \u20b9113 per share, with a lot size of 132 shares and a minimum retail investment of \u20b914,916 per lot \u2014 making it accessible to retail investors compared to most mainboard issues.<\/p>\n<p>CSM Technologies Limited, headquartered in Bhubaneswar, Odisha, is an IT company specialising in e-governance solutions across agriculture, education, social protection, and urban development. The company has delivered projects across 12 countries including India, Ethiopia, Kenya, Rwanda, Gambia, Gabon, the USA, and Canada, and has built a strong domain presence in Indian state government technology projects. Its order book stood at \u20b9357.63 crore as of March 2026, providing revenue visibility. Key promoters are Priyadarshi Pany and Lagna Panda. Kunal Singla, Associate Director at Univest notes that the CSM Technologies IPO GMP of \u20b94 reflects moderate grey market optimism \u2014 sufficient to imply a positive listing \u2014 driven by the company&#8217;s multi-country presence, niche e-governance positioning, and strong order book.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=csm-technologies-ipo-gmp-day-1\"><strong>Click Here &#8211; Get Free IPO Investment Insights<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#CSM_Technologies_IPO_GMP_Complete_Snapshot\" title=\"CSM Technologies IPO GMP: Complete Snapshot\">CSM Technologies IPO GMP: Complete Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#CSM_Technologies_IPO_GMP_Day_1_Signals_What_to_Watch\" title=\"CSM Technologies IPO GMP Day 1 Signals: What to Watch\">CSM Technologies IPO GMP Day 1 Signals: What to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#About_CSM_Technologies_Limited\" title=\"About CSM Technologies Limited\">About CSM Technologies Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#Should_You_Apply_for_CSM_Technologies_IPO\" title=\"Should You Apply for CSM Technologies IPO?\">Should You Apply for CSM Technologies IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#What_is_the_CSM_Technologies_IPO_GMP_today\" title=\"What is the CSM Technologies IPO GMP today?\">What is the CSM Technologies IPO GMP today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#What_is_the_CSM_Technologies_IPO_price_band\" title=\"What is the CSM Technologies IPO price band?\">What is the CSM Technologies IPO price band?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#What_does_CSM_Technologies_do\" title=\"What does CSM Technologies do?\">What does CSM Technologies do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#What_is_CSM_Technologies_IPO_order_book\" title=\"What is CSM Technologies IPO order book?\">What is CSM Technologies IPO order book?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#What_is_CSM_Technologies_IPO_issue_size\" title=\"What is CSM Technologies IPO issue size?\">What is CSM Technologies IPO issue size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#Is_the_CSM_Technologies_IPO_GMP_a_positive_signal_for_investment\" title=\"Is the CSM Technologies IPO GMP a positive signal for investment?\">Is the CSM Technologies IPO GMP a positive signal for investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#What_are_CSM_Technologies_key_projects\" title=\"What are CSM Technologies key projects?\">What are CSM Technologies key projects?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-1\/#When_does_CSM_Technologies_IPO_subscription_close\" title=\"When does CSM Technologies IPO subscription close?\">When does CSM Technologies IPO subscription close?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"CSM_Technologies_IPO_GMP_Complete_Snapshot\"><\/span><strong>CSM Technologies IPO GMP: Complete Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Parameter<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Issue Type<\/td>\n<td>Book Built Issue \u2014 Mainboard (BSE + NSE)<\/td>\n<\/tr>\n<tr>\n<td>Price Band<\/td>\n<td>\u20b9107 to \u20b9113 per share<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>132 shares (min retail: 1 lot = 132 shares)<\/td>\n<\/tr>\n<tr>\n<td>Minimum Investment<\/td>\n<td>\u20b914,916 (at upper price band)<\/td>\n<\/tr>\n<tr>\n<td>Issue Size<\/td>\n<td>\u20b9145.78 Crore<\/td>\n<\/tr>\n<tr>\n<td>Order Book<\/td>\n<td>\u20b9357.63 Crore (as of March 2026)<\/td>\n<\/tr>\n<tr>\n<td>GMP Today<\/td>\n<td>\u20b94 (~3.5% over upper band)<\/td>\n<\/tr>\n<tr>\n<td>Expected Listing Price<\/td>\n<td>~\u20b9117 per share<\/td>\n<\/tr>\n<tr>\n<td>Expected Listing Gain<\/td>\n<td>~3.5%<\/td>\n<\/tr>\n<tr>\n<td>Exchange<\/td>\n<td>BSE + NSE (Mainboard)<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>KFin Technologies Ltd.<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Keynote Financial Services Ltd.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"CSM_Technologies_IPO_GMP_Day_1_Signals_What_to_Watch\"><\/span><strong>CSM Technologies IPO GMP Day 1 Signals: What to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A CSM Technologies IPO GMP of \u20b94 on Day 1 represents a moderate but positive opening signal from the grey market. For a mainboard IT company with 1,327 employees, 12-country presence, and a \u20b9357 crore order book, the grey market is pricing in a controlled premium rather than the aggressive premiums seen in high-growth consumer or jewellery IPOs. The grey market is likely weighing the company&#8217;s strong project track record in e-governance against the concern noted by reviewers: inconsistency in bottom-line performance across reported periods, even as revenue grew. CSM Technologies operates in the <a href=\"https:\/\/univest.in\/indices\/niftyit\/nifty-it-share-price-today\">Nifty IT<\/a> domain but serves the government sector rather than global IT services \u2014 a niche that commands a different valuation framework.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_CSM_Technologies_Limited\"><\/span><strong>About CSM Technologies Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CSM Technologies Limited is an e-governance IT solutions company delivering technology platforms for governments and public sector entities. In agriculture, it has built systems like KRUSHAK Odisha (farmer empowerment), SAFAL (agricultural credit facilitation), and international projects including Kenya&#8217;s seed certification system and Ethiopia&#8217;s Wheat Rust Warning System. In education, it powers SAMS Odisha (student management) and OFSS Bihar (admissions management). In governance, its AI\/ML-based grievance redressal system Mo Sarkar has been adopted by the Odisha government. The company also built the Digital Logistics Management System for JSW Steel, which was later adopted by state governments. Its international business spans Africa, the Americas, and the Middle East.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Apply_for_CSM_Technologies_IPO\"><\/span><strong>Should You Apply for CSM Technologies IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track CSM Technologies IPO GMP and Subscription on Univest Screener<\/strong><\/a><\/p>\n<p>The CSM Technologies IPO GMP of \u20b94 implies a 3.5% potential listing gain \u2014 modest but positive. For investors seeking a differentiated IT company with e-governance exposure and international revenue, CSM Technologies offers a niche positioning not found in mainstream IT stocks. The minimum investment of \u20b914,916 for 1 lot (132 shares) is manageable. Risks include dependence on government project timelines, inconsistent PAT in prior periods, and limited brand recognition compared to large-cap IT names. Day 1 CSM Technologies IPO GMP will evolve over the subscription period \u2014 track updates before the subscription closes. Consult a SEBI-registered financial advisor before investing.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The CSM Technologies IPO GMP on Day 1 stands at \u20b94, implying an expected listing of approximately \u20b9117 \u2014 a 3.5% gain over the upper issue price of \u20b9113. The e-governance IT company from Bhubaneswar has a \u20b9357 crore order book and presence in 12 countries. Track the CSM Technologies IPO GMP and live subscription data on Univest. Consult a SEBI-registered financial advisor before investing.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track CSM Technologies IPO GMP and subscription data live on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Grey market premium (GMP) data is sourced from unofficial, unregulated market sources and may not be accurate. IPO details are sourced from publicly available company filings and news. GMP should not be the sole basis for investment decisions. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_CSM_Technologies_IPO_GMP_today\"><\/span><strong>What is the CSM Technologies IPO GMP today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The CSM Technologies IPO GMP on Day 1 is \u20b94, implying an expected listing price of approximately \u20b9117 (\u20b9113 upper band + \u20b94 GMP). This represents a potential listing gain of about 3.5% over the upper issue price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_CSM_Technologies_IPO_price_band\"><\/span><strong>What is the CSM Technologies IPO price band?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The CSM Technologies IPO price band is \u20b9107 to \u20b9113 per share. The lot size is 132 shares, with a minimum retail investment of \u20b914,916 at the upper price band. HNI (small) investors start from 14 lots at \u20b92,08,824.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_CSM_Technologies_do\"><\/span><strong>What does CSM Technologies do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CSM Technologies Limited provides IT e-governance solutions for government and public sector clients across agriculture, education, social protection, urban development, and industry. It has delivered projects in 12 countries including India (KRUSHAK, SAFAL, Mo Sarkar), Kenya (seed certification), Ethiopia (agriculture systems), and others. The company has 1,327 employees and an order book of \u20b9357.63 crore as of March 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_CSM_Technologies_IPO_order_book\"><\/span><strong>What is CSM Technologies IPO order book?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CSM Technologies&#8217; order book as of March 31, 2026 stood at \u20b9357.63 crore (approximately \u20b935,763.17 lakhs). This provides revenue visibility of approximately 2.5x the annual revenue run rate, suggesting a healthy pipeline of government and international projects to be executed over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_CSM_Technologies_IPO_issue_size\"><\/span><strong>What is CSM Technologies IPO issue size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The CSM Technologies IPO issue size is \u20b9145.78 crore. The issue will list on both BSE and NSE mainboard. KFin Technologies Ltd. is the registrar, and Keynote Financial Services Ltd. is the book-running lead manager.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_CSM_Technologies_IPO_GMP_a_positive_signal_for_investment\"><\/span><strong>Is the CSM Technologies IPO GMP a positive signal for investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CSM Technologies offers differentiated e-governance IT exposure with international diversification across 12 countries and a \u20b9357 crore order book. However, analysts have noted inconsistent profitability trends across reporting periods despite revenue growth. The CSM Technologies IPO GMP of \u20b94 (3.5% implied gain) reflects measured grey market optimism. Consult a SEBI-registered financial advisor before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_CSM_Technologies_key_projects\"><\/span><strong>What are CSM Technologies key projects?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Key projects include: KRUSHAK Odisha (farmer empowerment platform), SAFAL (agricultural credit), Mo Sarkar (AI-based grievance redressal), GO SUGAM (fisheries\/animal resources single window), SAMS Odisha (student admissions management), OFSS Bihar (university admissions), Digital Logistics Management System (JSW Steel, adopted by state governments), Kenya Seed Certification System, Ethiopia Wheat Rust Warning System, and social protection delivery platforms in Gambia.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_CSM_Technologies_IPO_subscription_close\"><\/span><strong>When does CSM Technologies IPO subscription close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The CSM Technologies IPO subscription window is currently open. The IPO closes after a set subscription period, with allotment and listing to follow. Track the latest subscription data and CSM Technologies IPO GMP on the Univest Screener or on the registrar KFin Technologies website for real-time updates.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the CSM Technologies IPO GMP today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The CSM Technologies IPO GMP on Day 1 is \u20b94, implying an expected listing price of approximately \u20b9117 (\u20b9113 upper band + \u20b94 GMP). This represents a potential listing gain of about 3.5% over the upper issue price.\"}},{\"@type\":\"Question\",\"name\":\"What is the CSM Technologies IPO price band?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The CSM Technologies IPO price band is \u20b9107 to \u20b9113 per share. 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The IPO closes after a set subscription period, with allotment and listing to follow. Track the latest subscription data and CSM Technologies IPO GMP on the Univest Screener or on the registrar KFin Technologies website for real-time updates.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CSM Technologies IPO GMP Day 1: Grey Market Premium \u20b94, Expected Listing \u20b9117 (3.5% Gain). 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