EverestIMS Technologies IPO
EverestIMS Technologies IPO is a BSE SME book-built issue of ₹48.46 crore, comprising a Fresh Issue of 45.94 lakh equity shares aggregating to ₹39.05 crore and an Offer for Sale of 11.07 lakh shares aggregating to ₹9.41 crore. The price band is ₹80 to ₹85
EverestIMS Technologies IPO Details
EverestIMS Technologies IPO opens for subscription on September 29, 2026 and closes on October 5, 2026. The allotment is expected to be finalized on October 6, 2026, with refunds and credit of shares to Demat accounts scheduled for October 7, 2026. The shares are proposed to list on BSE SME on October 8, 2026.
EverestIMS Technologies IPO GMP
EverestIMS Technologies IPO GMP was reported at ₹50 on 8 October 2026, based on the latest available grey market indication. Against the IPO upper price band of ₹85, the GMP represented an indicative premium of approximately 58.82%. However, GMP is an unofficial and unregulated indicator and does not guarantee the actual listing price. The EverestIMS Technologies IPO was listed on the BSE SME platform on 8 October 2026 at ₹126 per share, compared with the issue price of ₹85, resulting in a listing gain of 48.24%.
EverestIMS Technologies IPO Timeline (Tentative)
EverestIMS Technologies IPO is scheduled to open for subscription on September 29, 2026 and close on October 5, 2026. The basis of allotment is expected on October 6, refunds are scheduled for October 7, and shares are expected to be credited to successful applicants' Demat accounts on October 7, 2026. The shares are scheduled to list on BSE SME on October 8, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Tue, Sep 29, 2026 |
| IPO Close Date | Mon, Oct 5, 2026 |
| Basis of Allotment | Tue, Oct 6, 2026 |
| Initiation of Refunds | Wed, Oct 7, 2026 |
| Credit of Shares to Demat | Wed, Oct 7, 2026 |
| Listing Date | Thu, Oct 8, 2026 |
EverestIMS Technologies IPO Lot Size
The EverestIMS Technologies IPO lot size is 1,600 shares. At the upper price band of ₹85 per share, one lot requires an investment of ₹1,36,000. Retail investors need to apply for a minimum of 2 lots, or 3,200 shares, amounting to ₹2,72,000. S-HNI investors can apply for a minimum of 3 lots, or 4,800 shares, amounting to ₹4,08,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,72,000 |
| Retail (Max) | 2 | 3,200 | 2,72,000 |
| S-HNI (Min) | 3 | 4,800 | 4,08,000 |
| S-HNI (Max) | 7 | 11,200 | 9,52,000 |
| B-HNI (Min) | 8 | 12,800 | 10,88,000 |
EverestIMS Technologies IPO Reservation
EverestIMS Technologies IPO comprises a total issue size of 57,00,800 shares. After excluding 2,86,400 shares reserved for the market maker, the net offer to the public is 54,14,400 shares. Of the net offer, 27,00,800 shares are allocated to QIBs, 8,16,000 shares to NIIs and 18,97,600 shares to retail investors.
EverestIMS Technologies IPO Subscription
EverestIMS Technologies SME IPO reached an overall subscription of 1.70x by the final stages of bidding, driven by solid demand from retail and non-institutional investors.
| Category | Subscription (times) |
|---|---|
| QIB | 0.87x |
| NII | 1.37x |
| RII | 2.27x |
| Total | 1.70x |
About EverestIMS Technologies
EverestIMS Technologies Limited was incorporated in April 2017 and operates as a software enterprise providing Software as a Service (SaaS) solutions as well as on-premise products and services. The company focuses on digital transformation, IT operations and AI-driven product solutions designed to streamline IT processes, improve operational efficiency and enhance user experiences.
Its flagship platform, Infraon Infinity, provides solutions for monitoring and managing critical network devices, servers and applications. The company offers products and services across Information Technology Service Management (ITSM), IT Infrastructure Management (ITIM), Network Configuration and Change Management (NCCM), AI for IT Operations (AIOPS), IT Asset Management (ITAM) and Operations Support System (OSS).
EverestIMS Technologies follows a direct and channel-led sales model. It sells directly through the company and its US-based subsidiary, Infraon Corp, while domestic and international channel partners, distributors and sales agents also contribute to customer acquisition and sales.
The company's revenue is primarily generated through software product sales and service sales. As of March 31, 2026, the company had 230 employees.
Strengths
- Experienced core team supported by senior management.
- Infraon Infinity provides AI-driven modules for both on-premise and SaaS customers.
- Established relationships with channel partners.
- Diversified platform development and market expansion opportunities.
- Presence across multiple IT operations and service-management categories.
Risks to Consider
- The supplied source does not provide a detailed list of risk factors. Investors should refer to the RHP for the company's complete business, industry, financial and issue-related risk factors.
EverestIMS Technologies Financials (₹ Cr)
EverestIMS Technologies reported growth in total income over the last three financial years, increasing from ₹45.62 crore in FY2024 to ₹57.78 crore in FY2025 and ₹65.91 crore in FY2026. PAT increased from ₹10.83 crore in FY2024 to ₹14.08 crore in FY2025 before declining to ₹13.14 crore in FY2026. Total assets and net worth also increased during the period.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | ₹45.62 Cr | ₹10.83 Cr | ₹50.47 Cr | ₹32.22 Cr |
| FY2025 | ₹57.78 Cr | ₹14.08 Cr | ₹67.82 Cr | ₹47.41 Cr |
| FY2026 | ₹65.91 Cr | ₹13.14 Cr | ₹90.27 Cr | ₹60.59 Cr |
KPIs & Valuation
At the IPO price band of ₹80–₹85, EverestIMS Technologies has a pre-IPO EPS of ₹7.71 and a post-IPO EPS of ₹6.07 based on the supplied valuation data. The corresponding pre-IPO P/E is 11.02x and post-IPO P/E is 14.00x. The market capitalisation at the upper offer price is ₹183.92 crore.
Objects of the Issue
EverestIMS Technologies proposes to utilise the net proceeds of the IPO towards purchase of IT hardware for setting up an Artificial Intelligence Innovation and Experience Laboratory, funding working capital requirements and general corporate purposes.
- The company proposes to utilise the IPO proceeds for:
- Purchase of IT hardware for setting up of Artificial Intelligence (AI) Innovation and Experience Laboratory – ₹5.66 crore.
- Funding of Working Capital Requirement – ₹24.00 crore.
- General Corporate Purposes.
Promoters, Lead Managers & Registrar
EverestIMS Technologies Limited is promoted by Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar and Deepak Gupta. Oneview Corporate Advisors Pvt. Ltd. is the Book Running Lead Manager and Maashitla Securities Pvt. Ltd. is the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Maashitla Securities Pvt. Ltd. |
|---|---|
| Phone | 011-45121795 |
| ipo@maashitla.com | |
| Website | maashitla.com/allotment-status/public-issues |
EverestIMS Technologies IPO Review
EverestIMS Technologies operates in the software and IT operations management segment, with a portfolio spanning IT service management, infrastructure management, network configuration, IT asset management and AI-driven IT operations. Its Infraon Infinity platform provides the company with a product offering across both SaaS and on-premise deployment models.
The company has reported growth in total income from ₹45.62 crore in FY2024 to ₹57.78 crore in FY2025 and ₹65.91 crore in FY2026. However, PAT declined from ₹14.08 crore in FY2025 to ₹13.14 crore in FY2026, according to the supplied financial data.
The IPO proceeds are primarily intended for working capital requirements, along with investment in an AI Innovation and Experience Laboratory. The issue also includes an Offer for Sale by promoter shareholders, meaning a portion of the IPO proceeds will go to selling shareholders rather than the company.
At the upper price band of ₹85, the supplied valuation data indicates a post-IPO P/E of 14.00x, compared with 11.02x on a pre-IPO basis. Investors should also consider the company's financial performance, competitive environment, customer concentration, technology-related risks and the detailed risk factors disclosed in the RHP before evaluating the issue.
How to Apply
EverestIMS Technologies IPO applications can be made through ASBA or UPI through an eligible broker or bank during the IPO bidding period. The minimum retail application is 2 lots, or 3,200 shares, requiring ₹2,72,000 at the upper price band of ₹85.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select EverestIMS Technologies IPO.
- Enter the number of lots you want to apply for.
- Select the bid price. Retail investors can generally choose Cut-off when available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's RHP and other issue documents for detailed information about the business, financial performance, risk factors, IPO structure, promoters and utilisation of issue proceeds.
Last updated Oct 8, 2026.