EverestIMS Technologies (O)
What they do: The company operates with a focus on maintaining profitability and growth, as evidenced by its consistent revenue increase and strong net profit margins. It has no debt, indicating a conservative financial strategy.
By IPO Milega Research · Published · Updated
The company demonstrates solid financial fundamentals with consistent revenue growth and profitability.
- GMP (unofficial)
- +47.06%
- ₹40 a share
- Opens
- 29 Sept
- Closes 5 Oct
- Min. investment
- ₹2,72,000
- 3200 shares
GMP is an unofficial grey market indication.
- Price band
- ₹85
- Lot size
- 3200 shares
- Min. investment
- ₹2,72,000
- Issue size
- N/A
- Open29 Sept 2026
- Close5 Oct 2026
- Allotment6 Oct 2026
- Listing8 Oct 2026
Overview
₹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 113, representing a 32.94% premium, indicates strong investor interest and potential for significant listing gains. This is supported by the company's solid financial fundamentals, consistent revenue growth, and strategic market positioning.
Strengths3
- Transitioned from a private to a public limited company in 2024.
- Developed a fully integrated platform 'Infraon Infinity' with AI-powered features.
- Achieved a significant increase in export revenue and domestic hardware sales.
Concerns5
- Dependency on top clients and suppliers could affect revenue and operations.
- Negative cash flows from investing and financing activities may impact financial stability.
- Rapid technological changes may render products obsolete, affecting competitiveness.
- Failure to comply with regulatory requirements could lead to legal penalties.
- High employee attrition could affect operational efficiency and increase costs.
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 for EverestIMS Technologies' IPO appears favorable given the company's stable financials and strategic corporate restructuring. The full underwriting and market-making arrangements suggest a supportive market environment. However, the absence of a green shoe option and credit rating could be potential drawbacks.
- Time to market
- The company's transition from private to public status and the strategic timing of the IPO in the SME segment suggest a well-planned market entry. The full underwriting and market-making arrangements further support the timing decision.
- 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%
- Revenue CAGR
- 15%
- ROCE
- 36.15%
- Return on net worth
- 21.69%
- NAV per share (₹)
- 35.55
Financial performance trend
Amount ₹ in croresThe company demonstrates solid financial fundamentals with consistent revenue growth and profitability. It maintains a strong net profit margin and has no debt, indicating financial stability. However, the declining return on equity suggests potential challenges in maintaining efficiency.
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 risks2
- Regulatory risks2
The company faces significant operational, financial, and regulatory risks, including dependency on key clients and suppliers, technological changes, and compliance challenges.
How the company offsets these
Diversifying client base and suppliers, investing in technology upgrades, and enhancing regulatory compliance.
Financial risks2
- Negative cash flows from investing and financing activities.
- Dependency on top clients and suppliers for revenue.
Market risks2
- Rapid technological changes affecting product competitiveness.
- Intense competition in the technology sector.
Operational risks2
- High employee attrition affecting operational efficiency.
- Cybersecurity threats disrupting operations.
Regulatory risks2
- Failure to comply with regulatory requirements leading to penalties.
- Outstanding litigations involving promoters affecting reputation.
Performance
8.0/10EverestIMS Technologies Limited, a software company specializing in IT Operations and Service Management (ITOSM), has shown consistent growth and operational execution. The company offers both SaaS and on-premise solutions, with a focus on AI-enabled products. It has a strong revenue growth trajectory, driven by its comprehensive product offerings 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
- The company is expected to continue its growth trajectory by expanding its customer base and enhancing its product offerings with AI and cloud technologies.
- Operational consistency
- The company has maintained stable revenue growth and profitability margins over the past three years, indicating strong operational consistency.
- Experience
- The management team has extensive experience in the IT software industry, providing a competitive advantage.
- Track record
- The management has successfully led the company through significant growth and strategic transitions.
Key achievements
- 01Transitioned from a private to a public limited company in 2024.
- 02Developed a fully integrated platform 'Infraon Infinity' with AI-powered features.
- 03Achieved a significant increase in export revenue and domestic hardware sales.
Flexibility
7.0/10The company has a strong presence in India and is expanding internationally, with customers in the UAE and Malaysia. However, it faces intense competition and regulatory challenges, which may impact its adaptability in new markets.
The company offers both SaaS and on-premises solutions, allowing it to cater to diverse customer needs. Its integrated platform and focus on AI-driven technologies enhance its operational agility.
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 management solutions, including ITSM, ITIM, NCCM, AIOPS, ITAM, and OSS, catering to various customer segments.
- Future adaptability
- The company's focus on AI and machine learning, along with its product-led growth strategy, positions it well for future adaptability. However, talent shortages and regulatory challenges may hinder its ability to fully capitalize on these opportunities.
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.