EverestIMS Technologies
What they do: The company operates in the IT sector, providing network management and IT infrastructure solutions, leveraging its proprietary technology to serve enterprise clients.
By IPO Milega Research · Published · Updated
EverestIMS Technologies Limited shows strong financial fundamentals with consistent revenue growth and profitability.
- GMP (unofficial)
- +47.06%
- ₹40 a share
- Subscribed
- 0.13x
- Total so far
- Retail odds
- 100%
- 1 in 1
GMP is an unofficial grey market indication.
- Price band
- ₹80-85
- Lot size
- 3200 shares
- Min. investment
- ₹2,72,000
- Issue size
- 48.46 Cr.
- Open29 Sept 2026
- Close5 Oct 2026
- Allotment6 Oct 2026
- Listing8 Oct 2026
Overview
Estimated from the current subscription figures. Tap a category to work it out for your application size.
- QIB
- 0x
- NII
- 0.11x
- Retail
- 0.22x
₹125 (+47.06%)
GMP trend
Unofficial grey market quotes, times in IST
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials7.0
- Performance8.0
- Flexibility7.0
- Timing7.0
- Risk4.0
The Grey Market Premium (GMP) of 103, representing a 21.18% premium over the issue price, indicates strong investor interest and potential for listing gains. This is supported by the company's consistent financial performance, strong market position, and growth potential in the IT sector.
Strengths3
- Successful transition from a private to a public limited company in 2024.
- Expansion of product offerings from a single network monitoring system to a comprehensive suite including ITIM, AIOPS, ITSM, NCCM, and OSS.
- Significant increase in export revenue, particularly in the UAE and Malaysia.
Concerns5
- Dependency on top clients and suppliers for revenue and purchases.
- Negative cash flows from investing and financing activities.
- Challenges in adapting to rapid technological changes.
- Potential cybersecurity threats and data privacy issues.
- Regulatory compliance and potential penalties for past filing delays.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,72,0002 lots, 3200 shares
- Retail Maximum2,72,0002 lots, 3200 shares
- S-HNI Minimum4,08,0003 lots, 4800 shares
- S-HNI Maximum9,52,0007 lots, 11,200 shares
- B-HNI Minimum10,88,0008 lots, 12,800 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | 2,72,000 |
| Retail Maximum | 2 | 3200 | 2,72,000 |
| S-HNI Minimum | 3 | 4800 | 4,08,000 |
| S-HNI Maximum | 7 | 11,200 | 9,52,000 |
| B-HNI Minimum | 8 | 12,800 | 10,88,000 |
Timing
7.0/10The timing of the IPO seems strategically sound given the company's stable financials and the growing demand for technology solutions in India. The absence of contingent liabilities and the full underwriting of the offer provide additional confidence to investors. However, the overall market conditions and investor sentiment towards tech IPOs will ultimately influence the success of the offering.
- Time to market
- The company's transition to a public limited company and the absence of contingent liabilities suggest a well-prepared entry into the public market. The full underwriting of the IPO further indicates strong backing and confidence in the company's prospects.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Favourable
- Time to market
- 8.0
- Listing on
- BSE SME
Key milestones
- 29 Sept 2026IPO Opens
- 5 Oct 2026IPO Closes
- 6 Oct 2026Basis of Allotment
- 7 Oct 2026Refunds Initiated
- 7 Oct 2026Credit to Demat Account
- 8 Oct 2026Listing Date
Financials
7.0/10- Revenue
- ₹65.91 Cr
- +14.1%
- Profit after tax
- ₹13.14 Cr
- -6.7%
- Net margin
- 19.9%
- -4.4 pts
- Assets
- ₹90.27 Cr
- +33.1%
- Return on equity
- 21.69%
- Current ratio
- 2.5
- Revenue CAGR
- 15%
- ROCE
- 36.15%
- Return on net worth
- 21.69%
- NAV per share (₹)
- 35.55
Financial performance trend
Amount ₹ in croresEverestIMS Technologies Limited shows strong financial fundamentals with consistent revenue growth and profitability. The company is debt-free, enhancing its financial stability. The IPO aims to raise fresh capital for business expansion, with no promoter exit.
The company is debt-free, which indicates strong financial health and reduces financial risk. The IPO proceeds are not intended for debt repayment.
The fresh issue is intended for business expansion and general corporate purposes.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks2
- Market risks2
- Operational risks3
- Regulatory risks2
The company faces significant operational and financial risks, including dependency on key clients, technological adaptation challenges, and regulatory compliance issues.
How the company offsets these
Diversifying client base and enhancing technological capabilities can mitigate key risks.
Financial risks2
- Negative cash flows from investing and financing activities.
- Dependency on top clients and suppliers for revenue and purchases.
Market risks2
- Intense competition in the technology sector.
- Fluctuations in foreign exchange rates affecting international operations.
Operational risks3
- Challenges in adapting to rapid technological changes.
- Potential cybersecurity threats and data privacy issues.
- Dependency on key personnel and high attrition rates.
Regulatory risks2
- Regulatory compliance and potential penalties for past filing delays.
- Litigation risks involving promoters and directors.
Performance
8.0/10EverestIMS Technologies Limited, a software company specializing in IT Operations and Service Management (ITOSM), has demonstrated strong financial growth and operational execution. The company offers both SaaS and on-premise solutions, leveraging AI and cloud technologies to enhance IT service delivery. Its revenue has consistently increased over the past three fiscal years, driven by a diversified product portfolio and strategic market expansion.
- Historical growth
- consistent, high
- Market comparison
- EverestIMS operates in a competitive market with both organized and unorganized players. However, its integrated platform and strong channel partner relationships provide a competitive edge.
- Future potential
- positive
- Operational consistency
- The company has maintained stable revenue growth and profitability over the past three years, with a diversified revenue stream and strong market presence.
- Experience
- The management team is experienced with extensive knowledge in the IT software industry, providing a competitive advantage.
- Track record
- The management has successfully led the company through significant growth and expansion phases.
Key achievements
- 01Successful transition from a private to a public limited company in 2024.
- 02Expansion of product offerings from a single network monitoring system to a comprehensive suite including ITIM, AIOPS, ITSM, NCCM, and OSS.
- 03Significant increase in export revenue, particularly in the UAE and Malaysia.
Flexibility
7.0/10The company has a strong presence in India and is expanding internationally, with a focus on cloud services and digital transformation. However, it faces intense competition and regulatory challenges, which may impact its adaptability in new markets.
The company shows a consistent increase in revenue and maintains a healthy EBITDA margin. However, its reliance on a few key customers and suppliers poses a risk to financial stability.
The company offers a comprehensive range of IT solutions, including SaaS and on-premises products, which enhances its operational agility. Its integrated platform and focus on AI-driven technologies support efficient operations.
EverestIMS Technologies Limited demonstrates moderate flexibility and adaptability, with strengths in product diversification and operational agility, but faces challenges in market adaptability and financial stability.
- Product diversification
- The company offers a wide range of IT solutions, including ITSM, ITIM, NCCM, AIOPS, ITAM, and OSS, catering to various customer needs and industries.
- Future adaptability
- The company is well-positioned to adapt to future technological trends, with a focus on AI and cloud-based solutions. Its strategy to expand globally and enhance product offerings indicates strong potential for future adaptability.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.