Shares of CSM Technologies, which saw a subdued response from investors, made a flat debut on the bourses, listing at Rs 113 per share. The Rs 145.78-crore public issue received an overall subscription of 1.36 times during the three-day window. The issue opened for subscription on June 24 and concluded on June 29. The listing was in line with market expectations. Ahead of the debut, the GMP of CSM Technologies IPO was Rs 0, signalling a flat listing. Shares of the company tumbled amid profit booking and hit a 5 per cent lower circuit at Rs 107.35 on the BSE. The market cap of the company stood at Rs 553.96 crore.
According to data available on the National Stock Exchange (NSE), the initial public offering (IPO) received bids for 1,51,28,124 shares against 1,11,30,880 shares on offer. The portion for Non-Institutional Investors received a 1.33 times subscription, while Retail Individual Investors (RIIs) subscribed 1.62 times. The Qualified Institutional Buyers (QIBs) category saw 1.02 times subscription.
Raised 20 crore from anchor investors
Ahead of the IPO, CSM Technologies raised Rs 20 crore from anchor investors on Tuesday. According to the company, the proceeds from the fresh issue will be utilised to fund working capital requirements and repay debt, with the remainder allocated towards achieving inorganic growth.
Company's revenue
The company's revenue from operations was Rs 165.5 crore for the nine-month period ended December 2025, and its net profit was Rs 14.7 crore.
Its revenue from operations was Rs 199.24 crore during FY25 as against Rs 196.71 crore during FY24. Its net profit was Rs 14.08 crore in FY25, compared with Rs 12.54 crore in FY24.
Share market today
Indian benchmark indices Sensex and Nifty jumped in early deals today amid softening crude oil prices, positive developments on the geopolitical front, and buying in blue-chip IT stocks. The 30-share BSE Sensex climbed 377.40 points to 77,269.54 in early trade. The 50-share NSE Nifty rallied 106.70 points to 24,113.25.
From the Sensex pack, Infosys, HCL Tech, Tata Consultancy Services, Tech Mahindra, Eternal and InterGlobe Aviation were among the major winners. NTPC, Bajaj Finance, Larsen & Toubro and Bharat Electronics were among the laggards.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
