EVERESTIMS TECHNOLOGIES LIMITED IPO — Subscription & GMP
- Price band
- ₹80 – ₹85
- Lot size
- 1600
- Issue size
- ₹34.75 Cr
- Bidding
- 29 Sept 2026 → 05 Oct 2026
- Allotment
- —
- Listing
- 08 Oct 2026
Listing outcome
Official exchange pricesGMP was out by 4.7 percentage points in the buyer’s favour — it implied +43.53% and the issue listed +48.24%. Counted in our running GMP accuracy record.
Schedule
- 29 Sept 2026IPO open date
- 05 Oct 2026IPO close date
- 06 Oct 2026Allotment date†
- 06 Oct 2026Funds unblock or debit†
- 08 Oct 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsEverestIMS Technologies is a Bengaluru software company that sells IT operations and service-management products, both as cloud SaaS and as on-premises installations. Its flagship platform is "Infraon Infinity". Incorporated in 2017, it converted to a public company in 2024.
How it makes money
EverestIMS sells software that helps companies run their IT. Its products cover AIOps (using AI to detect and resolve IT incidents), IT service management with generative-AI features, infrastructure monitoring, network configuration management, IT asset management, and operations support systems for network operators.
Customers buy it two ways. SaaS is hosted in the cloud and sold on subscription. On-premises is installed inside the customer's own data centre for more control — usually larger enterprises and telecom operators.
It sells directly — including through its US subsidiary, Infraon Corp — and through domestic and international channel partners and distributors.
The numbers
- Revenue: ₹65.1 Cr in FY26, up from ₹56.5 Cr (FY25) and ₹45.2 Cr (FY24)
- Profit after tax: ₹13.1 Cr in FY26, down from ₹14.1 Cr in FY25 (₹10.8 Cr in FY24)
- EBITDA margin: 35.4% in FY26, down from 39.2%
- PAT margin: 20.2% of revenue in FY26, down from 24.9%
- Return on equity: 24.3% in FY26, down from 35.4% and 40.4%
- Debt: none
- EPS: ₹7.71 for FY26, down from ₹8.27, about 11.0× earnings at the top of the band
Revenue grew 15% in FY26, but profit fell about 7%.
Where the money goes
The offer combines a fresh issue with an offer for sale. The company's share is for IT hardware to set up an AI Innovation and Experience Laboratory, for working capital, and for general corporate purposes.
Worth knowing
- Margins and returns have declined for two consecutive years while revenue grew. That is the central question for this issue: whether it is investment ahead of growth or pressure on pricing and costs.
- The business is debt-free and highly profitable by any standard for a company of this size — the decline is from a high base.
- Selling through channel partners widens reach but puts a share of the customer relationship, and the margin, in others' hands.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹7.71 | — |
| P/E ratio | 11.02× | — |
| NAV per share | ₹35.55 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 35 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from BSE · fetched 771 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers (QIBs) | 10.88 L | 16.17 Cr | 148.63× |
| 1(a)Foreign Institutional Investors (FIIs) | — | 3.93 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 1.24 Cr | — |
| 1(c)Mutual Funds | — | 36.46 L | — |
| 2Non Institutional Investors | 11.02 L | 44.79 Cr | 406.34× |
| 2(a)Corporates | — | 48.14 L | — |
| 2(b)Individuals (Other than RIIs) | — | 43.64 Cr | — |
| 2(c)Others | — | 66.98 L | — |
| 3Retail Individual Investors (RIIs) | 18.98 L | 50.91 Cr | 268.28× |
| 3(a)Cut Off | — | — | — |
| 3(b)Price Bids | — | 50.91 Cr | — |
| 4Employee Reserved | — | 0 | — |
| 4(a)Employee (Cut off) | — | — | — |
| 4(b)Employee (Price) | — | — | — |
| 5Reservation PortionShareholder | — | 0 | — |
| 5(a)RPS (Cut off) | — | — | — |
| 5(b)RPS (Price) | — | — | — |
| Total | 40.88 L | 111.88 Cr | 273.67× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹80 → ₹85 · peak 111.88 Cr shares bid
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹80 – ₹85
- Lot size
- 1600 shares
- Min. bid quantity
- 3200
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 40.88 L
- Issue size
- ₹34.75 Cr
- Max bid · QIB
- 38.02 L
- Max bid · NII
- 27.14 L
Timeline & process
- Bidding opens
- 29 Sept 2026
- Bidding closes
- 05 Oct 2026
- Allotment
- —
- Listing
- 08 Oct 2026
Intermediaries
- Registrar
- Maashitla Securities Private Limited
- Sponsor bank
- AXIS BANK
- Lead managers
- Oneview Corporate Advisors Private Limited
- Syndicate members
- https://listing.bseindia.com/Download/E:\inetpub\LISTING\RTA\DocumentsSMEiPO\282140\Syndicate_Member_9_Bidding_Center.pdf