EverestIMS Technologies IPO
EverestIMS Technologies IPO is an SME IPO raising ₹48 Cr at ₹80 – ₹85 a share. It listed on 8 Oct 2026 at ₹126, +48.2% against its issue price of ₹85, and trades at ₹99 today (+16.4% since issue). It was subscribed 274× in total.
273.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs85. Checked: exchange issue size Rs48 Cr vs derived Rs48.4 Cr (0.8% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 53% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Newgen Software Technologies Ltd | 23.45× | 16.91% | ₹21.24 |
| This issue | 11× | 21.69% | ₹7.71 |
derived: cut-off price Rs85 / stated EPS Rs7.71 (FY2026 (year ended March 31, 2026), basic and diluted EPS, restated consolidated; also weighted average EPS = 7.71). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.