EverestIMS Technologies Open
What they do: The company operates with a focus on maintaining a debt-free capital structure, emphasizing profitability and shareholder value.
By IPO Milega Research · Published
The company demonstrates a solid financial position with consistent revenue growth and profitability.
- GMP (unofficial)
- N/A
- Grey market premium
- 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
Grey market data isn't available for this issue, so the gains estimate uses fundamentals only and ignores listing-day sentiment.
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 approximate gains potential is based on the company's strong fundamentals, including consistent revenue growth, profitability, and a solid market position. However, the absence of GMP data limits the precision of this estimate.
Strengths3
- Successful transition from a private to a public company in 2024.
- Development of a fully integrated IT management platform, 'Infraon Infinity'.
- Expansion of customer base across multiple countries including UAE and Malaysia.
Concerns5
- Dependency on top clients and suppliers could affect revenue and operations.
- Negative cash flows from investing and financing activities may impact growth.
- Potential legal liabilities from software defects and misuse.
- High attrition rates could affect operational efficiency.
- Regulatory non-compliance may lead to penalties and operational disruptions.
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 favorable due to the company's recent conversion to a public limited company, which often aligns with strategic growth and expansion plans. The absence of contingent liabilities and the structured related party transactions indicate a stable financial position, enhancing investor confidence. However, the broader market conditions and investor sentiment at the time of the IPO will ultimately influence its success.
- 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. This strategic timing is likely to attract investors looking for stable investment opportunities.
- 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 a solid financial position with consistent revenue growth and profitability. It has no debt, which strengthens its financial stability. However, the declining return on equity indicates potential challenges in maintaining efficiency or profitability.
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, financial, and regulatory risks, including dependency on key clients and suppliers, negative cash flows, and potential legal liabilities.
How the company offsets these
Diversifying client base and suppliers, enhancing cybersecurity measures, and improving regulatory compliance.
Financial risks2
- Negative cash flows from investing and financing activities.
- Dependency on top clients and suppliers for revenue.
Market risks2
- Intense competition in the technology sector.
- Dependency on top clients and suppliers.
Operational risks3
- High attrition rates affecting operational efficiency.
- Inadequate formal agreements with channel partners.
- Cybersecurity threats and IT system vulnerabilities.
Regulatory risks2
- Potential penalties from regulatory non-compliance.
- Legal liabilities from software defects and misuse.
Performance
8.0/10EverestIMS Technologies Limited, a software company specializing in IT operations and service management, has demonstrated strong growth and operational execution. The company offers both SaaS and on-premises solutions, leveraging AI and cloud technologies to enhance IT service delivery. Its flagship platform, 'Infraon Infinity', integrates various IT management modules, providing a comprehensive solution for businesses.
- 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's consistent revenue growth and strategic expansion into new markets and technologies indicate strong operational consistency.
- Experience
- The management team is highly experienced, with the promoters having extensive knowledge in the IT software industry.
- Track record
- The management has a strong track record of scaling the business and expanding into new markets.
Key achievements
- 01Successful transition from a private to a public company in 2024.
- 02Development of a fully integrated IT management platform, 'Infraon Infinity'.
- 03Expansion of customer base across multiple countries including UAE and Malaysia.
Flexibility
7.0/10The company has a strong market presence with a diversified product portfolio in IT operations and service management, including SaaS and on-premises solutions. It has a global reach with customers in multiple countries, although the majority of revenue is from India. The company is expanding its market presence and adapting to digital transformation trends.
The company has shown consistent revenue growth and profitability over the past three fiscal years. It has no debt, which indicates financial stability. However, a significant portion of its revenue is concentrated among a few customers, which poses a risk to financial stability.
The company is agile in its operations, offering both SaaS and on-premises solutions. It has a comprehensive product suite that addresses various IT management needs. However, it faces operational challenges such as skill gaps and cybersecurity threats, which could impact its agility.
EverestIMS Technologies Limited demonstrates a moderate level of flexibility and adaptability. The company has a diversified product portfolio in IT operations and service management, leveraging AI and cloud technologies. However, it faces challenges such as skill gaps, cybersecurity threats, and regulatory compliance issues. Financially, the company shows stable growth with no debt, but its revenue is highly concentrated among a few customers.
- Product diversification
- The company offers a wide range of products under the Infraon brand, including ITSM, ITIM, NCCM, AIOPS, ITAM, and OSS. This diversification allows it to cater to various IT management needs across different industries.
- Future adaptability
- The company is focused on product-led growth, leveraging AI and cloud technologies to enhance its offerings. It plans to expand its global presence and invest in skilled employees to sustain product quality and customer experience. However, it must address challenges such as skill gaps and regulatory compliance to fully realize its adaptability potential.
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.