{"id":130195,"date":"2026-06-25T01:32:00","date_gmt":"2026-06-24T20:02:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=130195"},"modified":"2026-06-24T18:34:23","modified_gmt":"2026-06-24T13:04:23","slug":"csm-technologies-ipo-gmp-day-2-subscription-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/csm-technologies-ipo-gmp-day-2-subscription-review\/","title":{"rendered":"CSM Technologies IPO GMP Day 2: Price Band Rs 107-113, GMP Rs 4 GovTech Company With Rs 357 Crore Order Book"},"content":{"rendered":"
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CSM Technologies IPO Day 2: price Rs 107-113. GMP Rs 4 (+3.5%). Issue Rs 145.78 Cr. BSE+NSE mainboard. Lot 132 shares, min Rs 14,916. GovTech, 27 years. Order book Rs 357.63 Cr. FY25 PAT Rs 14 Cr.<\/em><\/p>\n

The CSM Technologies IPO is on Day 2 of its subscription window today, with the grey market premium standing at approximately Rs 4, implying an estimated listing price of around Rs 117 against the upper price band of Rs 113, a modest premium of approximately 3.5%. The CSM Technologies IPO opened for subscription yesterday alongside the market and raised Rs 145.78 crore through a 100% fresh issue of 1,29,01,000 equity shares at a price band of Rs 107 to Rs 113. Unlike most of the other IPOs this week, CSM Technologies is a mainboard listing on both BSE and NSE, making it accessible to a broader investor base with a much lower minimum investment of just Rs 14,916 for one lot of 132 shares. Kunal Singla, Associate Director at Univest notes that the CSM Technologies IPO GMP of Rs 4 is a modest but positive signal for a GovTech and digital transformation company with over 27 years of execution track record and a Rs 357.63 crore order book providing meaningful revenue visibility.<\/p>\n

The CSM Technologies IPO proceeds are earmarked for three specific uses: Rs 53 crore for working capital requirements, Rs 25.88 crore for debt repayment, and the remaining amount for inorganic growth through acquisitions and general corporate purposes. The company allotted anchor shares to Nova Global Opportunities Fund PCC-Touchstone and Zeal Global Opportunities Fund, each receiving 50% of the 17,70,120 anchor shares at Rs 113 per share on recently. The CSM Technologies IPO subscription on Day 1 was subscribed approximately 0.06 times in the morning session; as a mainboard IPO, institutional subscription (QIBs representing 50% of the issue) typically builds from Day 2 onwards, and the final Day 3 numbers are the most important for evaluating demand.<\/p>\n

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