The proposed IPO of the company established in Bhubaneswar includes a new issue of 1.29 Crore shares, without offer for sale (OFS).
Market sources are attached of the IPO size on RS 150 Crore.
The proceeds of the issue will be used to finance growth initiatives, strengthening technological infrastructure, payment of debts and general business purposes, according to the Red Herring Prospectus (DRHP) concept that was submitted last week.
Founded in 1998 as a cyber tech Software & Multimedia PVT LTD, the company was renamed CSM Technologies PVT LTD in 2014 and converted into a public company in 2025.
CSM Technologies is a worldwide GOVTech company that specializes in digital transformation, IT advice and offering extensive 360-degree IT solutions for governments and public companies worldwide. The company has subsidiaries in the US, the VAE, Canada, Kenya and Rwanda, together with an Indian subsidiary, Kwantify Solutions PVT Ltd. For FY2025, CSM Technologies, income from operations of RS 199.24 Crore and profit after tax on RS 14.09 Crore reported.
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