EverestIMS Technologies IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 148.63x |
| NII | 548.61x |
| sNII (₹2L–₹10L) | 330.39x |
| bNII (above ₹10L) | 657.72x |
| Retail (RII) | 268.29x |
| Total | 294.22x |
Bidding day 7 · final figures at close of bidding: 8 Oct 2026, 6:30 pm IST
IPO Details
- Open Date
- 29 Sept 2026
- Close Date
- 5 Oct 2026
- Listing Date
- 8 Oct 2026
- Face Value
- ₹10
- Fresh Issue
- ₹36.61 Cr
- OFS
- ₹9.41 Cr
- Listing On
- BSE
- Registrar
- Maashitla Securities
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,72,000 |
| HNI (Min) | 3 | 4,800 | ₹4,08,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 16,12,800 | 29.79% |
| QIB (ex-anchor) | 10,88,000 | 20.09% |
| NII | 8,16,000 | 15.07% |
| — sNII (< ₹10L) | 2,72,000 | 5.02% |
| — bNII (> ₹10L) | 5,44,000 | 10.05% |
| Retail | 18,97,600 | 35.05% |
| Total | 54,14,400 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | EPS (₹) |
|---|---|---|---|---|---|---|
| FY 2024 | 45.62 | 10.83 | 17.44 | 32.22 | 50.47 | 7.71 |
| FY 2025 | 57.78 | 14.08 | 22.64 | 47.41 | 67.82 | — |
| FY 2026 | 65.91 | 13.14 | 23.34 | 60.59 | 90.27 | — |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 11.02x
- P/E (post-issue)
- 14x
- RoNW
- 33.53%
- RoE
- 40.3%
- RoCE
- 40.71%
- EPS (pre-issue)
- ₹7.71
- EPS (post-issue)
- ₹6.07
- PAT Margin
- 23.66%
- P/BV
- 4.35x
- NAV / share
- ₹19.52
- Market Cap
- ₹183.92 Cr
As of 31 Mar 2024 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Purchase of IT hardware for setting up of Artificial Intelligence (AI) Innovation and Experience Laboratory | ₹5.66 Cr |
| Working Capital Requirement | ₹24 Cr |
| General Corporate Purposes | ₹5.49 Cr |
| Issue Expenses | ₹4.84 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Book Running Lead Manager fees including underwriting | ₹2.78 Cr |
| Brokerage, selling commission and other uploading fees | ₹0.02 Cr |
| Fees payable to Registrar to the Offer | ₹0.01 Cr |
| Fees to the legal counsel and other professional fees | ₹0.05 Cr |
| Statutory Advertising and expenses | ₹0.05 Cr |
| Fees payable to regulators including stock exchange | ₹0.09 Cr |
| Printing and stationary expenses | ₹0.01 Cr |
| Miscellaneous Expenses (secretarial, statutory auditors, out of pocket expense and others | ₹1.83 Cr |
Promoters & Shareholding
Promoters: <p>Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar, Deepak Gupta</p>
- Holding (pre-issue)
- 80.38%
- Holding (post-issue)
- 58.98%
- Dilution
- 21.4%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| NINE ALPS TRUST-NINE ALPS OPPORTUNITY FUND | Other | 13,76,000 | ₹85 | 11.7 | 85.32% |
| VIRA AIF TRUST-VIRA BHARAT OPPORTUNITIES FUND | Other | 1,18,400 | ₹85 | 1.01 | 7.34% |
| NOVA GLOBAL OPPORTUNITIES FUND PCC-TOUCHSTONE | FII/FPI | 1,18,400 | ₹85 | 1.01 | 7.34% |
Anchor bidding took place on 28 Sept 2026. Anchor lock-in: 50% of shares unlock on 5 Nov 2026, the remainder on 4 Jan 2027.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| EverestIMS Technologies | 7.71 | 35.55 | — | 21.69% | — | Consolidated |
| Newgen Software Technologies Ltd | 21.38 | 126.4 | 23.45x | 16.91% | 3.98x | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the EverestIMS Technologies IPO
The EverestIMS Technologies SME IPO runs from 29 Sept 2026 to 5 Oct 2026, offered at a price band of ₹80–85 per share, and is set to list on BSE. The company is looking to raise ₹48.46 crore through the offer. Retail investors bid in lots of 1600 shares, a minimum application of ₹2,72,000.
Issue structure
The offer combines a fresh issue of ₹36.61 crore with an offer for sale (OFS) of ₹9.41 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward working capital requirement (₹24 crore), alongside purchase of it hardware for setting up of artificial intelligence (ai) innovation and experience laboratory (₹5.66 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, EverestIMS Technologies reported revenue of ₹65.91 crore and a net profit of ₹13.14 crore. Revenue grew from ₹45.62 crore in FY2024 to ₹65.91 crore in FY2026 (+44.0%). Net worth stood at ₹60.59 crore at the end of FY2026.
Valuation
At the upper band, the issue is priced at 14× post-issue earnings and 4.35× book value, against a return on net worth of 33.53%. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar, Deepak Gupta</p>. Promoter holding stands at 80.38% before the issue and comes down to 58.98% after listing.
Grey market premium (GMP)
In the unofficial grey market, EverestIMS Technologies shares are quoted at a premium of ₹50 implying an expected listing around ₹135, about +58.8% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The EverestIMS Technologies IPO was subscribed 294.22 times overall. The strongest demand came from non-institutional investors (NII) at 548.61 times, with qualified institutional buyers (QIB) at 148.63× and retail investors at 268.29×.
Listing performance
EverestIMS Technologies listed on 8 Oct 2026 at ₹126, a premium of +48.2% over the issue price of ₹85.
What to weigh
When evaluating the EverestIMS Technologies IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About EverestIMS Technologies
Incorporated in April 2017, EverestIMS Technologies Limited is a software enterprise that offers both Software as a Service (SaaS) solutions and on-premise products and services. The company specializes in digital transformation, IT operations, and AI-driven product solutions to streamline IT processes, improve efficiency, and enhance user experiences. The company's products & services include AI for IT Operations (AIOps), Generative-AI IT Service Management (ITSM), IT Infrastructure Management (ITIM), Network Change and Configuration Management (NCCM), and IT Asset Management (ITAM). The company offers solutions for remote monitoring of critical network devices, servers, and applications, reducing downtime and improving IT operations with its platform ' Infraon Infinity '. The company generates revenue mainly from: (i) software product sales and (ii) service sales. As of December 31, 2024, the company employed 197 people. Competitive Strength Experienced core team supported by experienced and senior management team. The "Infraon Infinity” platform offers AI-driven modules for On-Premises and SaaS customers. Cordial relationship with the channel partners. Diversified Platform Development and Market Expansion.
EverestIMS Technologies — Contact Details
- Registered office
- No.759, Sree Gururaya Mansion, South Wing 8th Main,, J.P.Nagar, III Phase, Bengaluru, Karnataka, 560078
- Phone
- 080 - 46567100
- cs@everestims.com
- Website
- everestims.com/
- Registrar (IPO queries)
- ipo@maashitla.com
Frequently asked questions
- What is the EverestIMS Technologies IPO price band?
- The EverestIMS Technologies IPO price band is ₹80 to ₹85 per share, with a lot size of 1600 shares.
- What was the EverestIMS Technologies IPO GMP before listing?
- The final grey market premium recorded before the EverestIMS Technologies IPO listed was ₹50. The IPO listed on 8 Oct 2026 at ₹126, +48.2% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the EverestIMS Technologies IPO open and close?
- The EverestIMS Technologies IPO opens on 29 Sept 2026 and closes on 5 Oct 2026.
- When is the EverestIMS Technologies IPO allotment and listing date?
- Allotment is expected on 6 Oct 2026. The shares are scheduled to list on 8 Oct 2026 on BSE.
- How many times was the EverestIMS Technologies IPO subscribed?
- The EverestIMS Technologies IPO was subscribed 294.22 times in total across all investor categories.
- What is the reservation split in the EverestIMS Technologies IPO?
- Of the total shares offered, retail investors get 35.05%, QIBs 20.09% (plus 29.79% anchor), non-institutional investors 15.07%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of EverestIMS Technologies and what is their holding?
- The promoters are <p>Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar, Deepak Gupta</p>. Promoter holding is 80.38% before the issue and 58.98% after listing.
- What is the P/E ratio of the EverestIMS Technologies IPO?
- At the upper price band, the EverestIMS Technologies IPO is valued at 11.02× pre-issue earnings and 14× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the EverestIMS Technologies IPO?
- The net proceeds go primarily toward working capital requirement, among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the EverestIMS Technologies IPO?
- The book-running lead manager is Oneview Corporate Advisors Pvt.Ltd.. Maashitla Securities is the registrar to the issue.
- Is EverestIMS Technologies a Mainboard or SME IPO?
- EverestIMS Technologies is an SME IPO, listing on BSE (SME platform).