CSM Technologies IPO listing: The shares of CSM Technologies are all set to make its stock market debut on Thursday, 2 July. CSM Technologies will list on both exchanges – BSE and NSE.
The allotment of the CSM Technologies IPO was finalised on Tuesday, 30 June. The ₹146 crore IPO opened for subscription on June 24 and closed on June 29.
CSM Technologies IPO GMP today
The shares of CSM Technologies are trading a premium of ₹0 in the grey market, as per websites tracking unlisted market. The GMP of CSM Technologies IPO is +0.
The estimated listing price of CSM Technologies IPO is likely to be same as the IPO price of ₹113.
CSM Technologies IPO details
CSM Technologies IPO was open for subscription on June 24 and closed on June 29.
The issue was subscribed 1.36 times overall. Among investor categories, the retail portion was oversubscribed 1.62 times, the non-institutional investor (NII) segment saw 1.54 times subscription, while the qualified institutional buyer (QIB) quota was subscribed 1.02 times.
The IPO was a book-built issue aggregating ₹145.78 crore, comprising entirely a fresh issue of 1.29 crore equity shares.
The company had fixed the price band at ₹107-113 per share. Investors can bid for a minimum of 132 shares, requiring a minimum investment of ₹14,916 for retail applicants at the upper end of the price band.
The proceeds from the fresh issue will primarily be used to meet working capital requirements and repay debt. The company also plans to allocate a portion of the funds towards inorganic growth opportunities and general corporate purposes.
Keynote Financial Services is the book running lead manager and Kfin Technologies is the registrar of the issue.
CSM Technologies is an information technology solutions provider with experience in executing projects for both government and private sector clients. The company focuses on GovTech and digital transformation, offering technology solutions across sectors including agriculture, mining, education, trade, tourism, healthcare, and public services.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.