Investors who applied for the CSM Technologies Initial Public Offering (IPO) are awaiting the finalization of share allotments, expected on Tuesday, June 30, 2026. Following a subdued response during its bidding period, the Bhubaneshwar-based IT solutions provider's shares are anticipated to be allocated, with refunds processed and debit messages sent out by Wednesday, July 01.
The IPO, which was open for subscription from June 24 to June 29, 2026, aimed to raise Rs 146 crore through a fresh issue of up to 1.29 crore equity shares. Shares were offered in a price band of Rs 107-113 apiece, with a minimum application lot of 132 shares.
Subscription Details and Grey Market Premium
CSM Technologies' IPO received an overall subscription of 1.36 times, attracting approximately 45,800 applications. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.02 times, while the Non-Institutional Investors (NIIs) and retail individual bidders saw undersubscription at 1.54 times and 1.62 times, respectively.
The grey market premium (GMP) for CSM Technologies shares experienced a significant decline due to the lukewarm investor interest and fragile broader market sentiments. It was last reported commanding no premium in the grey market, suggesting a flat listing. Previously, during the final day of bidding, the GMP stood at Rs 4-5 per share.
About CSM Technologies
Established in 1998, CSM Technologies specializes in GovTech and digital transformation, providing unique IT solutions to both government and private sector clients. The company offers services across diverse sectors including mining, agriculture, trade, education, healthcare, tourism, and public services. Keynote Financial Services served as the sole book-running lead manager for the IPO, with KFin Technologies acting as the registrar.
How to Check CSM Technologies IPO Allotment Status
Applicants can verify their allotment status through several online platforms:
Via BSE Website
- Visit the official BSE website: bseindia.com/investors/appli_check.aspx
- Under 'Issue Type', select 'Equity'.
- From the 'Issue Name' dropdown, choose 'CSM Technologies Limited'.
- Enter your application number.
- Input your PAN card ID.
- Complete the 'I am not a Robot' verification and click 'Search'.
Via NSE Website
- Go to the NSE website: nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'CSM'.
- Enter your PAN number and Application number.
- Click 'Submit' to view your status.
Via KFin Technologies (Registrar) Website
As the official registrar for the issue, KFin Technologies provides an online portal for checking allotment status:
- Navigate to the KFin Technologies web portal: kosmic.kfintech.com/ipostatus
- Select the IPO from the dropdown menu (the name will appear once allotment is finalized).
- Choose one of the three verification modes: 'Application Number', 'Demat Account Number', or 'PAN ID'.
- If applicable, select between 'ASBA' and 'non-ASBA' for your application type.
- Enter the details corresponding to your chosen mode.
- Fill in the security captcha accurately.
- Click 'Submit'.
Refunds for non-allotted bids are scheduled for Wednesday, July 01, 2026. The shares of CSM Technologies are expected to be listed on both the BSE and NSE on Thursday, July 02, 2026.