CSM Technologies IPO enters final day: GMP signals 4% listing gains; Should you subscribe?

CSM Technologies IPO enters its final day of bidding, subscribed 66% overall on Day 2, with retail portion at 75% and NIIs fully subscribed at 1.09 times. The company aims to raise Rs 145.78 crore via a fresh issue priced at Rs 107-113 per share, with a grey market premium of Rs 4 suggesting a modest 3.54% listing premium. Brokerage Swastika Investmart maintained a Neutral stance, citing premium valuation at 42.6x P/E and risks from government contract reliance and high receivables, despite the company's position in the growing GovTech segment.