EverestIMS Technologies IPO Opens: SME Issue, Price Band, Dates (2026)
· 8 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
EverestIMS Technologies Limited has opened its ₹48.46 Cr SME public issue on BSE SME. Read the source pack review covering business model, objects, financials, and key risk factors.
Direct answer: The EverestIMS Technologies IPO opened for subscription on 29 Sep 2026 and closes on 05 Oct 2026 on the BSE SME platform. The ₹48.46 Cr book-built issue is priced between ₹80 and ₹85 per share. BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 provides this fact-based document review of its financials, subscription, and key risks.
According to grey-market tracking as of 29 Sep 2026, the unofficial and indicative GMP started at ₹17 (+20.0%) with a brief peak of ₹20 (+23.53%) on 28 Sep 2026 before holding steady at ₹17 (+20.0%) as bidding opened.
EverestIMS Technologies IPO Overview and Key Dates
EverestIMS Technologies Limited is raising ₹48.46 Cr through a combination of a fresh issue of 45,93,600 equity shares (worth ₹36.61 Cr) and an offer for sale (OFS) of 11,07,200 equity shares (worth ₹9.41 Cr). The equity shares have a face value of ₹10 each and are offered in a price band of ₹80.00 to ₹85.00 per share.
| Item | Value | As of |
|---|---|---|
| Price band | ₹80 – ₹85 | 30 Sep 2026 |
| Lot size | 1600 shares | 30 Sep 2026 |
| Issue size | ₹48.46 Cr | 30 Sep 2026 |
| Fresh issue | ₹36.61 Cr | 30 Sep 2026 |
| Offer for sale | ₹9.41 Cr | 30 Sep 2026 |
| Exchange | BSE SME | 30 Sep 2026 |
| Issue type | SME | 30 Sep 2026 |
| Face value | ₹10 | 30 Sep 2026 |
| Opens | 29 Sep 2026 | 30 Sep 2026 |
| Closes | 5 Oct 2026 | 30 Sep 2026 |
| Allotment | 6 Oct 2026 | 30 Sep 2026 |
| Listing | 8 Oct 2026 | 30 Sep 2026 |
| Registrar | Maashitla Securities Pvt.Ltd. | 30 Sep 2026 |
| GMP | ₹17 (unofficial, indicative) | 29 Sep 2026 |
The bidding window opened on 29 Sep 2026 and runs until 05 Oct 2026. Finalisation of the basis of allotment is scheduled for 06 Oct 2026, followed by the initiation of refunds and credit of equity shares to demat accounts on 07 Oct 2026. The stock is set to list on BSE SME on 08 Oct 2026. Retail investors must bid for a minimum of 3,200 shares amounting to an application size of ₹2,72,000 at the upper price band. Investors can check the status of this issue alongside other SME listings on our IPO calendar.
Business Model and Product Portfolio
Incorporated in April 2017, EverestIMS Technologies Limited operates as an enterprise software platform provider offering both Software as a Service (SaaS) and on-premises products. The company focuses on digital transformation, IT operations management, and AI-enabled software solutions. Its primary product suite, commercialised under the platform name 'Infraon Infinity', includes:
- AIOps & Generative-AI ITSM: AI for IT Operations and Generative-AI driven IT Service Management to automate workflows.
- ITIM & ITAM: IT Infrastructure Management and IT Asset Management for monitoring networks, servers, and hardware assets.
- NCCM & OSS: Network Change and Configuration Management along with Operations Support System modules tailored for telecommunications and enterprise clients.
Per the Red Herring Prospectus (RHP), revenue is primarily generated from software product sales (domestic and exports) and IT services sales. As of 31 Dec 2024, the company employed 197 full-time personnel across its operational locations in Bengaluru, Navi Mumbai, and Gurugram.
Objects of the Issue and Proceeds Allocation
Out of the total issue size of ₹48.46 Cr, the gross proceeds from the Fresh Issue amount to ₹36.61 Cr. The funds received from the Offer for Sale (₹9.41 Cr) go directly to the selling shareholders, including key promoters and employees. Per the RHP, the company intends to utilize the net fresh issue proceeds as follows:
- ₹5.66 Cr: Purchase of IT hardware for setting up an Artificial Intelligence (AI) Innovation and Experience Laboratory.
- ₹24.00 Cr: Funding working capital requirements for business expansion.
- Balance amount: General corporate purposes and issue expense management.
Investors tracking primary market transactions via BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 will note that the capital raised is heavily weighted toward working capital to support ongoing corporate scale.
Financial Performance and Peer Comparison
EverestIMS Technologies has demonstrated continuous top-line expansion over the last three financial years. Per the restated consolidated financial statements in the RHP, total income grew from ₹45.62 Cr in FY24 to ₹57.78 Cr in FY25 and further to ₹65.91 Cr in FY26. Profit after tax (PAT) stood at ₹10.83 Cr in FY24, peaked at ₹14.08 Cr in FY25, and reported at ₹13.14 Cr for FY26.
Financial data per the RHP indicates total revenue grew from ₹45.62 Cr in FY24 to ₹65.91 Cr in FY26, while profit after tax peaked at ₹14.08 Cr in FY25 before reaching ₹13.14 Cr in FY26.
As of 31 Mar 2026, the company reported a Net Worth of ₹60.59 Cr, a Return on Equity (RoE) of 24.33%, and a Return on Capital Employed (RoCE) of 36.15%. Debt on the balance sheet is zero. Below is a peer comparison table against listed industry peer Newgen Software Technologies Limited as presented in the offer document as of 31 Mar 2026:
| Company Name | Face Value (₹) | Basic EPS (₹) | NAV per Share (₹) | RoNW (%) | P/E Ratio (x) |
|---|---|---|---|---|---|
| EverestIMS Technologies Limited | 10 | 7.71 | 35.55 | 21.69% | 14.00* |
| Newgen Software Technologies Ltd | 10 | 21.38 | 126.40 | 16.91% | 23.45 |
*P/E ratio for EverestIMS Technologies is based on the post-issue diluted EPS of ₹6.07 at the upper price band of ₹85.00. Investors can evaluate secondary market comparables using our Unlisted shares screener.
Live Subscription Status
The offer opened for subscription on 29 Sep 2026. The reservation structure allocates not more than 50% of the net issue to Qualified Institutional Buyers (QIBs), not less than 15% to Non-Institutional Investors (NIIs), and not less than 35% to Retail Individual Investors.
As of 29 Sep 2026, subscription levels moved from 0.08x at the morning open to 0.13x overall by late morning, with retail bidding leading at 0.22x.
For context on recent SME activity, you can also review our coverage on the Omara Ventures India IPO Opens 2026: SME Dates, Price Band & Lot Size and the Pind Hospitality IPO 2026: SME Open Dates, Price Band & Lot Size.
Strengths and Key Risk Factors
Per the issuer's RHP, the company's core strengths include an integrated proprietary software platform ('Infraon Infinity'), an experienced management team, and established channel partner relationships across India and abroad. However, potential investors should review key risk factors cited in the offer document:
- Technological Obsolescence: The IT industry experiences rapid technological shifts. Inability to adapt products to evolving market trends or client demands may materially affect business operations.
- Working Capital Dependence: The business requires substantial working capital for growth; negative cash flows from investing or financing activities have occurred in prior periods.
- Channel Partner Contracts: The absence of comprehensive, legally binding long-term contracts with certain registered channel partners exposes the company to sales unpredictability.
- Leased Facilities: The company operates out of leased premises and co-working spaces in Bengaluru, Mumbai, and Gurugram, and does not own its registered office premises.
- Cybersecurity and System Outages: Operations depend on IT infrastructure vulnerable to software defects, cyber threats, and service disruptions.
For detailed profile pages, updates, and allotment verification, visit EverestIMS Technologies on BuyUnlistedShares.
For investors examining pre-IPO setups and primary market allocations, BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 offers market insights and execution updates. Visit our enquiry desk to connect with our team regarding unlisted opportunities and ongoing SME public offers.
Frequently Asked Questions
What are the open and close dates for the EverestIMS Technologies IPO?
The IPO opens on 29 Sep 2026 and closes on 05 Oct 2026. The allotment will be finalized on 06 Oct 2026, with listing scheduled on BSE SME on 08 Oct 2026.
What is the issue price and lot size for retail investors?
The price band is fixed at ₹80.00 to ₹85.00 per equity share. The lot size is 1,600 shares, but the minimum retail order quantity specified is 3,200 shares, requiring a minimum investment of ₹2,72,000 at the upper price band.
What is the current GMP for EverestIMS Technologies IPO?
As of 29 Sep 2026, the grey-market premium (GMP) is reported at ₹17 per share (+20.0% over the upper issue price of ₹85). GMP is unofficial and indicative only, captured at a specific point in time, and is not a forecast of actual listing performance.
What will the proceeds from the fresh issue be used for?
Per the RHP, fresh proceeds of ₹36.61 Cr will be utilized for purchasing IT hardware for an AI Innovation and Experience Laboratory (₹5.66 Cr), funding working capital requirements (₹24.00 Cr), and meeting general corporate expenses.
Should I apply for the EverestIMS Technologies IPO?
BuyUnlistedShares does not make investment recommendations, ratings, or decisions on whether you should subscribe, buy, or avoid any public offer. Investors must independently review the Red Herring Prospectus (RHP), assess their risk appetite, and consult a qualified financial advisor.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
