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₹85 - 85 Amounts at the upper price band.
EverestIMS Technologies Ltd
IT - SoftwareIPOSME
₹85 - 85
We are a software company that provides both Software as a Service (SaaS) and on-premise product and services. We specialize in digital transformation, IT Operation and Service Management incorporating AI enabled product solutions where applicable to help businesses streamline their IT operations, improve efficiency, and enhance user experiences.
Lot1,600Min Invest₹2,72,000Face Value₹10Issue Size₹48 CrFresh Issue₹39 CrOffer for Sale₹9 CrListing Price₹126CMP₹111
Timeline
29 Sept
Bidding opens
5 Oct
Bidding closes
6 Oct
Allotment
7 Oct
Refund & demat credit
8 Oct
Listing
Subscription · As of 8:06 PM, 5 Oct
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB148.6x25.42 L37.78 Cr3,211.44NII406.3x7.68 L31.21 Cr2,652.59Retail268.3x17.86 L47.92 Cr4,072.96Total273.7x57.01 L156.02 Cr12,482.54
Reports
Offer Details
Terms
Issue Size₹48 Cr0.57 Cr shares
Fresh Issue₹39 Cr
Offer for Sale₹9 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.88% · NII 15.07% · RETAIL 35.05%
Application Sizes
Retail₹2,72,0001-1 lots
sNII₹2,72,000from 2 lots
bNII₹10,88,000from 8 lots
Managers & Registrar
Lead ManagerOneview Corporate Advisors Pvt Ltd
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrSatish Kumar VijayaragavanPRMTR1,10,4000.94Srikanth AudinaPRMTR1,10,4000.94Sudhakar AruchamyPRMTR1,10,4000.94Ramesh Pratap TiwariPRMTR1,10,4000.94Ganesh Kumar NagaiahPRMTR1,10,4000.94Deepak Kumar ShenbagarajanPRMTR1,31,2001.12Deepak GuptaPRMTR1,10,4000.94Arun Prasath RamadossPRMTR1,43,2001.22Abhirup SarkarOTH43,2000.37Prakash BhatOTH33,6000.29Praveen Kumar SinhaOTH38,4000.33Ramya SellamuthuOTH24,0000.20Samaresh MandalOTH31,2000.27Total11,07,2009.41
Shareholding
CategoryPre IPOPost IPOPromoter Group80.4%59.23%Public19.6%40.77%
Objects of the Issue
- Investment in new capabilities
- Purchase of IT hardware for setting up of Artificial Intelligence (AI) Innovation and Experience Laboratory
- Working capital requirement
- General corporate purposes
Anchor Book
Bid Date28-Sep-2026Bid Price₹85Shares16,12,800Amount₹14 Cr30-day lock-in04-Nov-202690-day lock-in03-Jan-2027
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 23 | 34 | 45 | 57 | 65 |
| Operating ProfitCr | 7 | 9 | 17 | 21 | 23 |
| OPM% | 28.9 | 26.3 | 38.3 | 37.9 | 34.6 |
| PBTCr | 6 | 7 | 15 | 19 | 18 |
| PATCr | 4 | 6 | 11 | 14 | 13 |
| EPS | 3 | 3 | 7 | 8 | 8 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 2 | 2 | 17 | 17 |
| ReservesCr | 15 | 20 | 30 | 30 | 44 |
| BorrowingsCr | 0 | 0 | 0 | 0 | 0 |
| Total AssetsCr | 23 | 37 | 50 | 68 | 90 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 4 | 5 | 3 | 9 |
| Investing Cash FlowCr | -2 | -7 | -7 | -3 | -9 |
| Financing Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
| Net Cash FlowCr | 0 | -3 | -1 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced core team supported by experienced and senior management team.
- Fully Integrated Platform.
- Cordial relationship with our channel partners.
- Diversified Platform Development and Market Expansion.
Strategies · as stated in the DRHP
- Continued Focus on Product-Led Growth.
- Drive New Customer Sales.
- Upselling within existing customers.
- Grow presence in additional markets to serve clients locally.
- Attract, develop, and retain skilled employees to sustain the product quality and customer experience.
Risks · as stated in the DRHP
- The company's business may be adversely affected if its fails to adapt to rapid technological changes and evolving industry standards, or if the company is unable to successfully enhance its existing products and services or develop new offerings.
- The company has had negative cash flows in the past from investing activities and financing activities. Any sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The company has not entered into formal agreements with some channel partners for joint sales strategies, which could have a material adverse effect on its business, financial condition, and results of operations.
- Defects, errors, or disruptions in the company's software products and services, or potential misuse of its platforms, could result in liability, loss of customers, and reputational harm.
- The Company requires significant amounts of working capital for a continued growth. The company's working capital requirement was Rs.3,522.28 lakhs, Rs.2,364.04 lakhs and Rs.2,343.23 lakhs for Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. The company's inability to meet its working capital requirements may have an adverse effect on the company's results of operations.
- The company's success depends largely on its ability to attract and retain skilled personnel. The company's employee benefits expenses were Rs.2,204.25 lakhs, Rs.2,337.96 lakhs, and Rs.1,876.90 lakhs, representing 33.44%, 40.46%, and 41.15% of its Total Income for the Fiscal 2026, Fiscal 2025, and Fiscal 2024, respectively. High attrition or the company's inability to attract and retain such personnel in this highly skilled and technical employee-intensive industry could adversely affect its business and results of operations.