Keynote Financial Services Ltd.

Incorporated in 1998, CSM Technologies is one of the few IT solution providers that have delivered unique projects for both government and private clients.  It specializes in Gov-Tech and digital transformation, offering solutions across sectors like mining, agriculture, trade, education, healthcare, tourism, and public services.

The company has 27 years of experience in building e-governance platforms and digital infrastructure, working as long-term partners for government agencies. Its solutions help improve efficiency, enable data-driven decisions, and deliver citizen-focused services. The company also provides consulting, advisory, and self-service technologies to help governments and businesses automate and manage customer-facing processes.

As on March 31, 2026, its order book stood at Rs 357.63 crore.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Deep sectoral expertise across a diversified spectrum of industries
• Proprietary technology driven innovations and patented technology developed in-house
• Extensive geographic footprint with scalable operations across key markets
• Established presence in a high-entry-barrier industry
• Experienced Promoters and Senior Management team, having domain knowledge
• Track record of healthy financial performance

The Company CSM Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Funding working capital requirements of the Company       (Rs  00 Crore)
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company (Rs  63 Crore)
• Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

At the upper band of IPO Rs. 113, the stock is valued at a P/E multiple of 31.05. Hence, well-informed investors subscribe for medium to long term perspective.