EverestIMS Technologies (O) SME
What they do: The business model is not explicitly detailed, but the financials suggest a focus on maintaining profitability and growth without reliance on debt.
By IPO Milega Research · Published
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 125, representing a 47.06% premium, indicates strong investor interest and potential for significant listing gains. This is supported by the company's robust financial performance, consistent revenue growth, and strategic market positioning.
Strengths3
- Transitioned from a private to a public limited company in 2024.
- Developed a fully integrated ITOSM platform, 'Infraon Infinity'.
- Achieved significant revenue growth in both domestic and export markets.
Concerns5
- Dependency on top clients and suppliers could affect revenue stability.
- 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 litigation risks.
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 IPO timing appears strategically sound due to the company's clean financial slate and full underwriting, suggesting a stable entry into the market. However, without specific market conditions or competitive analysis, the timing cannot be deemed optimal.
- Time to market
- The company's transition to a public entity and the absence of contingent liabilities suggest a well-prepared entry into the market. Full underwriting further supports the timing, indicating confidence from financial backers.
- 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 a robust financial position. However, the declining return on equity suggests potential efficiency issues.
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 and suppliers, 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 could affect revenue stability.
Market risks2
- Intense competition in the technology sector.
- Dependency on top clients and suppliers could affect revenue stability.
Operational risks3
- Challenges in adapting to rapid technological changes.
- High employee attrition and retention challenges.
- Potential cybersecurity threats and data privacy issues.
Regulatory risks2
- Regulatory compliance and litigation risks.
- Inexperience of executive directors in managing a listed company.
Performance
8.0/10EverestIMS Technologies Limited, a software company specializing in IT Operations and Service Management (ITOSM), has demonstrated strong growth and operational execution. The company offers both SaaS and on-premise solutions, leveraging AI to enhance IT operations. Its revenue has consistently increased over the past three fiscal years, with a notable rise in domestic and export sales. The company maintains a robust order book and has no outstanding debt, indicating financial stability.
- Historical growth
- consistent, high
- Market comparison
- The company 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-based technologies.
- Operational consistency
- The company's consistent revenue growth and strategic expansion into new markets and technologies indicate 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 expansion phases.
Key achievements
- 01Transitioned from a private to a public limited company in 2024.
- 02Developed a fully integrated ITOSM platform, 'Infraon Infinity'.
- 03Achieved significant revenue growth in both domestic and export markets.
Flexibility
7.0/10The company has a strong market adaptability due to its diverse product offerings in IT service management, cloud solutions, and AI-driven technologies. Its focus on both SaaS and on-premises solutions allows it to cater to a wide range of customers, including large enterprises and SMEs. However, the competitive landscape and regulatory challenges may impact its adaptability.
Operational agility is moderate, supported by a comprehensive product suite and a focus on innovation. However, the lack of a unified ITOSM framework and skill gaps in the workforce could hinder quick adaptation to market changes.
EverestIMS Technologies Limited demonstrates a moderate level of flexibility and adaptability, driven by its diversified product offerings and strategic focus on cloud and AI technologies. However, challenges such as skill gaps, cybersecurity threats, and regulatory compliance pose significant risks.
- Product diversification
- The company offers a wide range of products including ITSM, ITIM, NCCM, AIOPS, ITAM, and OSS, catering to various IT management needs.
- Future adaptability
- The company's focus on AI and cloud technologies positions it well for future adaptability. However, addressing skill gaps and regulatory compliance will be crucial for sustained growth.
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.