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EverestIMS Technologies IPO
📅 Founded: 2017
📍 Bengaluru, Karnataka
👥 230 employees
📋 Face Value: ₹10
🏦 Market Cap: ₹184 Cr
Price Band
₹80 – ₹85
Issue Size
₹48.46 Cr
Lot Size
1600 shares
Min. Investment
₹2,72,000
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
08 Oct 2026
Registrar
Maashitla Securities
EverestIMS Technologies IPO at a glance
EverestIMS Technologies IPO was an SME issue of ₹48.46 Cr at a price band of ₹80 – ₹85 per share, open from 29 Sep 2026 to 05 Oct 2026. The shares listed on BSE SME on 08 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹39.05 Cr
Offer for Sale (OFS)₹9.41 Cr
Total Issue Size₹48.46 Cr
Face Value₹10
Market Cap (at issue)₹184 Cr
Listing ExchangeBSE SME
📅 Open Date29 Sep 2026
🔒 Close Date05 Oct 2026
✂️ Cut-off Price Date05 Oct 2026
🎟️ Allotment Date06 Oct 2026
💸 Refund Initiation07 Oct 2026
📂 Demat Credit07 Oct 2026
📈 Listing Date08 Oct 2026
Objects of the Issue
- 💰 IT hardware for an AI innovation and experience lab — ₹5.66 Cr
- 💰 Working capital — ₹24.00 Cr
- 💰 General corporate purposes
About the Company
EverestIMS Technologies, incorporated in April 2017 in Bengaluru, is a software company whose Infraon platform helps organisations run their IT — service management (ITSM), infrastructure monitoring, network configuration management, IT asset management, AI-driven IT operations (AIOps) and operations support systems for telecom. It sells both SaaS and on-premise versions, directly and through channel partners, in India and overseas, and had about 230 employees.
Strengths
- ✅ Owns its software products rather than selling services only
- ✅ Serves enterprise IT and telecom buyers with a range of IT-operations tools
- ✅ Consistently profitable, with net worth rising from ₹32 Cr to ₹61 Cr in two years
- ✅ Sells through channel partners, which helps it scale without a large sales team
Risk Factors
- ⚠️ Profit dipped in FY26 (₹13.1 Cr vs ₹14.1 Cr) despite higher income
- ⚠️ Competes with large global IT-management software vendors
- ⚠️ Much of the IPO money (₹24 Cr) goes to working capital, pointing to slow collections
- ⚠️ Depends on keeping skilled engineers in a competitive hiring market
- ⚠️ SME listing — shares may trade thinly
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
80.38%
Pre-IPO
→ -21.4%
58.98%
Post-IPO
Founders & Leadership
SV
Satish Kumar Vijayaragavan
Promoter
One of eight promoters from the founding team
SA
Sudhakar Aruchamy
Promoter
One of eight promoters from the founding team
IPO Timeline
✓
Open Date
29 Sep 2026
✓
Close Date
05 Oct 2026
✓
Allotment Date
06 Oct 2026
✓
Listing Date
08 Oct 2026
Key Financials
Revenue₹65.9 Cr
PAT₹13.1 Cr
EPS₹6.07
P/E Ratio14.00x
ROE33.53%
Market Cap₹184 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 65.91 | 57.78 | 45.62 |
| Profit After Tax | 13.14 | 14.08 | 10.83 |
| Net Worth | 60.59 | 47.41 | 32.22 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 21.69 | 29.70 |
| Net Worth (Rs. Cr) | 60.59 | 47.41 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹6.07 | — |
| P/E (x) | 14.00x | — |
| ROE (%) | 33.53% | — |
| Promoter Holding | 80.38% | 58.98% |
| Market Cap | ₹184 Cr | |
IPO Registrar
Maashitla Securities
EverestIMS Technologies IPO FAQs
EverestIMS Technologies IPO is an SME IPO with an issue size of ₹48.46 Cr at a price band of ₹80 – ₹85. Minimum lot size is 1600 shares and the minimum application is 2 lots (minimum investment ~₹2,72,000). Opened on 29 Sep 2026 and closed on 05 Oct 2026. Listed on BSE SME. Registrar: Maashitla Securities.