EverestIMS Technologies IPO Subscription Update
EverestIMS Technologies IPO entered its fourth day of bidding on October 2, 2026. The issue opened on September 29 and will remain open until October 5. The company is raising ₹48.46 crore through a combination of a fresh issue and an offer for sale.
The price band has been fixed at ₹80 to ₹85 per share, with the shares proposed to be listed on the BSE SME platform on October 8. The allotment is expected on October 6, followed by refunds and demat credit on October 7.
EverestIMS Technologies IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | September 29, 2026 |
| IPO Close Date | October 5, 2026 |
| Price Band | ₹80 – ₹85 |
| Issue Size | ₹48.46 Cr |
| Fresh Issue | ₹39.05 Cr |
| Offer for Sale | ₹9.41 Cr |
| Face Value | ₹10 |
| Lot Size | 1,600 Shares |
| Retail Minimum | 3,200 Shares |
| Minimum Investment | ₹2,72,000 |
| Allotment Date | October 6, 2026 |
| Refund/Demat | October 7, 2026 |
| Listing Date | October 8, 2026 |
| Listing Platform | BSE SME |
| Registrar | Maashitla Securities |
The IPO comprises approximately 45.94 lakh fresh shares and 11.07 lakh shares offered for sale by existing shareholders.
EverestIMS Technologies IPO GMP Today
The latest available grey market data on October 2 shows a GMP of around ₹28 per share. At the upper IPO price of ₹85, this represents an unofficial premium of about 32.9%.
Based on the current GMP, the unofficial indicative price works out to around ₹113 per share. Grey-market prices are unofficial and can change quickly before the actual listing.
| Particular | Latest Update |
|---|---|
| Upper IPO Price | ₹85 |
| Current GMP | ₹28 |
| Unofficial Indicative Price | ₹113 |
| GMP Percentage | ~32.94% |
| GMP Status | Active |
EverestIMS Technologies IPO Subscription Status
By the end of October 1, the IPO was subscribed 1.66 times overall. Retail investors led the subscription at 2.27 times, followed by NII investors at 1.37 times, while the QIB portion stood at 0.87 times.
| Investor Category | Subscription |
|---|---|
| QIB | 0.87x |
| NII | 1.37x |
| Retail | 2.27x |
| Overall | 1.66x |
The subscription improved sharply from the first two days as bidding increased across all three major investor categories.
What Does EverestIMS Technologies Do?
EverestIMS Technologies is a Bengaluru-based technology company established in 2017. It provides SaaS and on-premise software solutions and IT services focused on digital transformation, IT operations and service management.
Its AI-enabled software portfolio is offered under the Infraon brand. The solutions are designed to help organisations manage IT infrastructure, service operations, workflows and user experiences. The company serves customers in India as well as international markets.
The company operates in a competitive software and IT-services market, where recurring technology updates, customer acquisition, product development and retention can influence business performance.
Financial Performance
EverestIMS Technologies has reported improving profitability in recent financial years. Economic Times data shows reported PAT of ₹13.95 crore in FY2025, compared with ₹11.70 crore in FY2024 and ₹4.98 crore in FY2023.
| Particular | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| PAT | ₹4.98 Cr | ₹11.70 Cr | ₹13.95 Cr |
| EPS | ₹2.72 | ₹6.39 | ₹8.19 |
The IPO proceeds are intended to support further business development, including working capital and investment in an AI-focused innovation facility.
Where Will the IPO Funds Be Used?
A substantial portion of the fresh issue proceeds is planned for working capital requirements. The company has also earmarked funds for purchasing IT hardware for an Artificial Intelligence Innovation and Experience Laboratory.
| Particular | Amount |
|---|---|
| Working Capital | ₹24 Cr |
| AI Innovation & Experience Laboratory | ₹5.66 Cr |
| General Corporate Purposes | Balance Amount |
The AI laboratory is intended to support the company's technology and product-development activities, while the working-capital allocation will help meet its operating requirements.
EverestIMS Technologies IPO Timeline
The IPO opened on September 29 and will close on October 5, 2026. The basis of allotment is expected on October 6, refunds and demat credit are scheduled for October 7, and the shares are proposed to list on October 8.
With the issue already subscribed 1.66 times by October 1, the final subscription numbers and GMP movement will be the key updates to track before the IPO closes.
Note: GMP is an unofficial grey-market indicator and is not guaranteed to match the actual listing price. Investors should also consider the company's financial performance, valuation, business risks and official IPO documents.
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