CSM Technologies IPO Day 1: Issue opens today. Check GMP, key dates, review. Apply or not?
Awaiting price reaction for this filing.
CSM Technologies IPO opened for subscription on 24 June 2026, with a price band of ₹107-113 per share and a lot size of 132 equity shares. The company raised ₹20 crore from anchor investors at ₹113 per share ahead of the issue. Grey market premium stands at +4, suggesting an estimated listing price of around ₹117, about 3.54% above the issue price. Brokerages are split, with Anand Rathi recommending a long-term subscribe and Swastika Investmart assigning a Neutral rating, citing a premium valuation of nearly 31-41.6 times earnings. The fresh issue of 1.29 crore shares will fund working capital (₹53 crore), debt repayment (₹25.88 crore), and inorganic growth, with listing tentatively set for 2 July 2026.