EverestIMS Technologies IPO 2026: GMP Today, Subscription Crosses 1.66x, Price Band, Business and Key Details

EverestIMS Technologies IPO: Latest Update

EverestIMS Technologies IPO is currently open for subscription and is scheduled to close on October 5, 2026. The company is raising ₹48.46 crore through a book-built SME issue, with the shares proposed to list on the BSE SME platform.

The price band has been fixed at ₹80 to ₹85 per share. With a lot size of 1,600 shares, the minimum application at the upper price band requires ₹1.36 lakh. Retail investors can bid for a minimum of one lot, while the issue structure and applicable category limits should be checked before applying.

EverestIMS Technologies IPO Details

The issue consists of both a fresh issue and an offer for sale. Economic Times reports a fresh component of ₹39.05 crore and an OFS component of ₹9.41 crore.

EverestIMS Technologies IPO GMP Today

The latest available grey market data on October 2, 2026 indicates a GMP of approximately ₹28. Against the IPO's upper price band of ₹85, this represents an unofficial premium of about 32.94%.

At this GMP level, the grey-market indication would imply a price around ₹113. However, GMP is an unofficial market indicator and can change before listing. It should not be considered a guaranteed listing price.

EverestIMS Technologies IPO Subscription Status

The IPO saw increasing bidding activity during its first three days. According to the latest exchange-linked figures available after Day 3, the issue was subscribed 1.66 times overall as of October 1.

Retail investors had the highest subscription level among the reported categories, while QIB bidding reached 0.87x.

The day-wise movement also shows how bidding picked up during the issue period. The total subscription was around 0.12x on Day 1, increased to about 0.56x on Day 2 and reached 1.66x by Day 3.

What Does EverestIMS Technologies Do?

EverestIMS Technologies was incorporated in April 2017 and operates in the software and IT services space. The company provides solutions covering IT operations, digital transformation and IT service management.

Its offerings include SaaS and on-premises software and services designed to help enterprises manage technology infrastructure and IT operations. The company's solutions also incorporate AI-enabled capabilities for improving operational efficiency and user experience.

EverestIMS Technologies Business Model

The company's business is based around enterprise technology solutions rather than physical products. Its software and services are targeted at organisations looking to manage IT infrastructure, service operations and digital workflows.

EverestIMS operates from Bengaluru and has developed technology solutions focused on IT operations and service management. Its product and service portfolio gives the company exposure to enterprise spending on software, digital transformation and technology infrastructure.

IPO Fund Utilisation

A significant portion of the fresh IPO proceeds is planned for working capital requirements. According to the IPO details published by Economic Times, approximately ₹24 crore is proposed to be used for working capital.

Another important component is the proposed investment of approximately ₹5.66 crore for purchasing IT hardware for an Artificial Intelligence Innovation and Experience Laboratory. The remaining funds are intended for general corporate purposes.

The proposed AI laboratory is one of the specific technology-focused uses mentioned for the fresh issue proceeds.

EverestIMS Technologies Financial Performance

The company's reported financial results show an increase in profitability over the years available in the IPO data.

For FY2025, the company reported total income of around ₹56.95 crore, while EBITDA was approximately ₹18.69 crore and PAT stood at ₹13.95 crore.

The financial figures provide a view of the company's recent earnings trajectory, although investors may also examine revenue composition, margins, cash flows and working-capital requirements before assessing the business.

Promoter Shareholding

Before the IPO, promoters held approximately 80.38% of the company's share capital, according to the latest IPO data.

After the issue, promoter ownership is expected to reduce as a result of the fresh issue and OFS structure. The IPO therefore also changes the company's public shareholding profile following listing.

EverestIMS Technologies IPO Timeline

The current schedule shows October 8 as the proposed listing date on the BSE SME platform.

EverestIMS Technologies IPO: Points to Track

As the IPO moves toward its closing date, several numbers are being watched by the market. The subscription level has moved above the 1x mark after three days, with retail and NII participation contributing significantly to the increase. The QIB category also recorded participation by Day 3 after remaining at zero in the earlier sessions.

The reported GMP has also moved into positive territory, although grey-market prices are unofficial and can fluctuate independently of the actual exchange listing.

For the company itself, the proposed investment in an AI Innovation and Experience Laboratory, working-capital requirement and continued demand for IT operations and digital transformation solutions are key areas to follow.

What Investors Should Check Before the Closing Date

Before the IPO closes on October 5, investors following EverestIMS Technologies may want to monitor the final subscription numbers, category-wise bidding, GMP movement and information available in the IPO documents.

The company's financial performance, dependence on enterprise technology spending, working-capital needs and execution of its AI-related expansion plans are also relevant factors when studying the issue.

EverestIMS Technologies IPO is scheduled to close on October 5, 2026, with allotment expected on October 6 and listing planned for October 8, subject to the applicable IPO process.