IPO Analysis
EverestIMS Technologies IPO Analysis: GMP, Financials, Valuation & Risks
EverestIMS Technologies IPO is open on BSE SME with a price band of 80 to 85 per share. Here are the GMP, financials, valuation, risks, and key dates.
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Summary
EverestIMS Technologies IPO is an SME book build issue on BSE SME. The price band is 80 to 85 per share, and the issue is open from September 29, 2026 to October 5, 2026.
The company has shown revenue growth across the reported periods, and the latest figures show profit after tax of 13.14. The latest unofficial grey market premium is 18 as of 30 Sept 2026, 2:47 am IST.
IPO snapshot
| Particulars | Details |
|---|---|
| Company | EverestIMS Technologies |
| IPO type | SME |
| Exchange | BSE SME |
| Issue type | Book build Issue |
| Price band | 80 to 85 Per Share |
| Face value | 10 Per Equity Share |
| Issue size | Approx 48.46 Crores |
| Fresh issue | Approx 39.05 Crores |
| Offer for sale | Approx 11,07,200 Equity Shares |
| Registrar | Not available |
Lot size and application amounts
| 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 |
Business
EverestIMS Technologies is a software company focused on IT Operations and Service Management (ITOSM). The business offers SaaS and on-premise solutions and uses AI and cloud technologies in its products.
The company has expanded its product range from a network monitoring system to a broader suite that includes ITIM, AIOPS, ITSM, NCCM, and OSS. It also reports export revenue growth, including in the UAE and Malaysia.
Financials
| Period ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 45.62 | 30.77 | 10.83 | 50.47 |
| 2025 | 57.78 | 38.93 | 14.08 | 67.82 |
| 2026 | 65.91 | 48.28 | 13.14 | 90.27 |
The reported numbers show higher revenue and assets over the three periods. PAT was 14.08 in 2025 and 13.14 in 2026.
Valuation
| Metric | Value |
|---|---|
| ROE | 24.33% |
| ROCE | 36.15% |
| EBITDA margin | 35.41% |
| PAT margin | 19.93% |
| EPS | 7.71 (Basic) |
| P/E ratio | N/A |
| RoNW | 21.69% |
| NAV | 35.55 |
The P/E ratio is shown as N/A. Based on the reported profitability ratios, the business appears financially efficient on the numbers available.
GMP
The latest unofficial grey market premium is 18 as of 30 Sept 2026, 2:47 am IST. The estimated listing price is 103, and the estimated listing percent is 21.18.
GMP trend
| Date | GMP | Estimated listing percent |
|---|---|---|
| 2026-09-23 | 0 | 0 |
| 2026-09-25 | 0 | 0 |
| 2026-09-26 | 0 | 0 |
| 2026-09-27 | 0 | 0 |
| 2026-09-28 | 20 | 23.53 |
| 2026-09-29 | 18 | 21.18 |
| 2026-09-30 | 18 | 21.18 |
Strengths
- Successful transition from a private to a public limited company in 2024.
- Expansion of product offerings from a single network monitoring system to a broader suite.
- Significant increase in export revenue, particularly in the UAE and Malaysia.
- Reported strong financial fundamentals with revenue growth and profitability.
- The issue is a fresh capital raise with no promoter exit noted in the available information.
Risks
- 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.
Important dates
| Event | Date |
|---|---|
| Issue opens | September 29, 2026 |
| Issue closes | October 5, 2026 |
| Allotment | October 6, 2026 |
| Refunds | October 7, 2026 |
| Credit to demat | October 7, 2026 |
| Listing | October 8, 2026 |
Who may find this IPO relevant
This IPO may be relevant for investors looking at an SME software business with reported revenue growth, profitability, and a product portfolio tied to IT operations and service management.
It may also be of interest to those tracking BSE SME issues and monitoring unofficial grey market premium movement during the offer period.
FAQs
What is the issue price band for EverestIMS Technologies IPO?
The price band is 80 to 85 Per Share.
What is the latest unofficial grey market premium?
The latest unofficial grey market premium is 18 as of 30 Sept 2026, 2:47 am IST.
What are the IPO opening and closing dates?
The issue opens on September 29, 2026 and closes on October 5, 2026.
What is the listing date?
The listing date is October 8, 2026.
What is the latest reported EPS?
The latest reported EPS is 7.71 (Basic).