CSM Technologies IPO Day 2 update: Subscribed 32%, GMP at 4%. Should you subscribe?
Summary
CSM Technologies’ IPO is drawing a muted response on day 2, with overall subscription at 32% and a grey market premium of about 4%. Retail investors and NIIs are showing some interest, but QIB demand remains absent so far. The company operates as a digital transformation and GovTech software provider serving government and enterprise customers. The article also notes strong revenue and profit growth, but it warns about premium valuation, government contract dependence, and execution risk.
Classifications
industries
HealthTech
applications
Data Management
AskAI Classifications
Labels
Software Development
AI & Machine Learning
GovTech Solutions
Linked Companies
CSM Technologies Limited
$25M to $50M