Smart Market Insights
EverestIMS Technologies IPO Details: Key Dates, Price Band & Investment Overview
By Wealthova | Last Updated: September 27, 2026
EverestIMS Technologies Limited, a specialized software and IT solutions provider, is gearing up to make its primary market debut with an upcoming ₹48.46 Crore SME IPO. Operating as an innovative technology enterprise, the business focuses on delivering a fully integrated digital platform and expanding its software product portfolio for enterprise clients. The company leverages an agile development model—engineering specialized technology solutions and actively investing in next-generation infrastructure, including a dedicated Artificial Intelligence (AI) Innovation and Experience Laboratory. The subscription window for this book-built issue opens on September 29, 2026, and closes on October 5, 2026. The price band is set between ₹80 to ₹85 per equity share. The ₹48.46 Crore offering is structured as a combination of a Fresh Issue of ₹39.05 Crore alongside an Offer for Sale (OFS) of ₹9.41 Crore. Retail investors must apply for a minimum of 2 lots (3,200 shares), requiring an investment of ₹2,72,000 at the upper price band. The company plans to utilize the fresh capital primarily to fund its substantial working capital requirements, purchase critical IT hardware for its new AI Laboratory, and for general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this fast-growing tech enterprise, backed by a robust FY26 total income of ₹65.91 Crore and a strong net profit of ₹13.14 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
EverestIMS Technologies IPO Details
Quick IPO Factsheet
September 29, 2026
October 5, 2026
₹80 to ₹85
(Book Built)1,600 Shares
(Min. 2 Lots / 3,200 Shares for Retail)₹48.46 Cr
(57.01 Lakh Shares)₹39.05 Cr
(OFS: ₹9.41 Cr)35.00% Allocation
(Of the Net Offer)₹10 Base
SME (BSE SME)
EverestIMS Technologies IPO Timeline
Deep-Dive Corporate Profile: What Does EverestIMS Technologies Limited Do?
Incorporated with a focus on digital transformation, EverestIMS Technologies Limited is an innovative enterprise software company providing both Software-as-a-Service (SaaS) and on-premises IT solutions. The company specializes in streamlining complex IT operations and service management, catering directly to large enterprises, telecom operators, and small-to-medium businesses (SMBs).
Operating through its core offices in Bangalore, Mumbai, and Gurugram, alongside its US subsidiary (Infraon Corp), the company's business model is built around the following key pillars:
- Flagship Unified Platform (Infraon Infinity): The company offers a fully integrated, AI-powered platform called Infraon Infinity. This unified software solution addresses comprehensive IT service and operations management requirements, enabling businesses to remotely monitor and manage network devices, servers, and enterprise applications from a single, centralized dashboard.
- Advanced IT & AI Software Portfolio: EverestIMS boasts a heavily diversified software suite designed for modern digital infrastructure. Its core product modules include AI for IT Operations Management (AIOps), Generative AI-powered IT Service Management (ITSM), IT Infrastructure Management (ITIM), IT Asset Management (ITAM), Network Configuration and Change Management (NCCM), and Operations Support System (OSS).
- Channel Partner-Led Scalability: Rather than relying solely on direct enterprise sales, the company utilizes a highly effective channel partner-focused Go-To-Market (GTM) strategy. By providing comprehensive technical training and professional services support to domestic and international distributors, EverestIMS scales its market reach rapidly through an empowered global reseller network.
Why is the Company Raising Funds? (Objects of the Issue)
The upcoming SME IPO comprises a Fresh Issue of ₹39.05 Crore alongside an Offer for Sale (OFS) of ₹9.41 Crore. The net proceeds strictly from the fresh primary capital injection are strategically allocated toward the following objectives:
- Funding Working Capital Requirements (₹24.00 Crore): The majority of the IPO proceeds are earmarked for funding the company's escalating working capital needs. As a growing enterprise software provider managing expanding SaaS deployments, enterprise support demands, and extended B2B sales cycles, this capital ensures adequate liquidity to aggressively scale operations without relying on high-interest debt.
- Setting up an AI Innovation & Experience Lab (₹5.66 Crore): Demonstrating its commitment to next-generation technology, the company is investing heavily in purchasing specialized IT hardware to establish a dedicated Artificial Intelligence (AI) Innovation and Experience Laboratory. This facility will drive advanced R&D for its Generative AI and AIOps product modules.
- General Corporate Purposes: The residual balance of the fresh proceeds will be deployed toward routine corporate administration, strategic business development, marketing initiatives, and expanding its software sales footprint to maintain its revenue growth momentum.
₹24.00 Crore is dedicated to funding the incremental working capital requirements of the company. As an enterprise software provider, this liquidity is crucial to manage extended B2B sales cycles and aggressive expansion of its SaaS and on-premise product suites.
Approximately ₹9.39 Crore will be deployed toward funding the mandatory IPO issue expenses, routine corporate administration, marketing initiatives, and strategic business development to drive continued revenue scaling.
₹5.66 Crore is earmarked for the purchase of specialized IT hardware, servers, and storage to set up a dedicated Artificial Intelligence (AI) Innovation and Experience Laboratory, strengthening its AIOps and Generative AI capabilities.
Company Financials
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹45.62 | ₹32.22 | ₹10.83 | ₹50.47 |
| FY 2025 | ₹57.78 | ₹47.41 | ₹14.08 | ₹67.82 |
| FY 2026 | ₹65.91 | ₹60.59 | ₹13.14 | ₹90.27 |
EverestIMS Technologies IPO Key Performance Indicators (KPIs)
| Financial KPI (Mar 31, 2026)* | Value |
|---|---|
| Return on Equity (ROE) | 21.69% (FY26) |
| Return on Capital Employed (ROCE) | 28.45% (FY26) |
| EBITDA Margin | 35.41% (FY26) |
| PAT Margin | 20.17% (FY26) |
| Debt to Equity Ratio | 0.15x (FY26) |
| Return on Net Worth (RoNW) | 21.69% (FY26) |
| Earnings Per Share (EPS) | ₹7.71 (Pre-IPO) | ₹6.07 (Post-IPO) |
| Price/Earning (P/E) Ratio | 11.02x (Pre-IPO) | 14.00x (Post-IPO) |
| Net Asset Value (NAV) | ₹35.55 (Pre-IPO) |
| Price to Book (P/B) Value | 2.39x (At Upper Band) |
| Market Cap at Offer Price | ₹144.86 Cr (Pre-IPO) | ₹183.91 Cr (Post-IPO) |
Promoters & Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 80.38% | 58.98% |
| Public / Institutional / Others | 19.62% | 41.02% |
EverestIMS Technologies Limited enters the BSE SME market strongly backed by a diverse group of individual founding promoters: Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar, and Deepak Gupta. Prior to the IPO, the promoter group maintained dominant control with an 80.38% equity stake. The offering comprises a Fresh Issue alongside an Offer for Sale (OFS), through which key promoters are offloading 1,10,400 shares each (approx. ₹0.94 Crore per selling promoter), allowing for partial value unlocking. Post-listing, the combined effect of the fresh equity issuance and the OFS will dilute the promoter holding to 58.98%. By retaining a solid majority stake, the founding management ensures strategic alignment with incoming public shareholders as they invest in their new AI hardware laboratory and expand their SaaS footprint.
Industry Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | NAV (₹) |
|---|---|---|---|
| EverestIMS Technologies Ltd. (IPO) | 6.07 | 14.00x | 35.55 |
| Newgen Software Technologies Ltd | 21.38 | 23.45x | 126.40 |
IPO Strengths & Key Risks
Smart Market Insights
EverestIMS Technologies Limited enters the BSE SME platform as an innovative enterprise software company, perfectly positioned at the intersection of AI, IT Operations Management (ITOM), and cloud infrastructure. By deploying its proprietary Infraon Infinity platform, the company provides mission-critical automation and network visibility tools to massive telecom operators, IT service providers, and large enterprises. Unlike many traditional IT services companies that rely on low-margin outsourcing, EverestIMS generates revenue through highly scalable, sticky Software-as-a-Service (SaaS) and on-premise licensing models, distributed globally via an efficient channel partner network. Financially, the company boasts exceptional metrics: Total Income has steadily scaled from ₹45.62 Crore in FY24 to ₹65.91 Crore in FY26. Furthermore, it commands deep profitability, reporting an EBITDA margin of 35.41% and an impressive Return on Equity (ROE) of 21.69% in FY26, showcasing strong capital compounding.
However, a disciplined assessment reveals key operational hurdles that demand attention. Building and selling complex B2B enterprise software requires extensive sales cycles and massive upfront engineering costs. This cash drag is explicitly highlighted in the IPO's capital allocation, where over 61% of the fresh issue proceeds (₹24.00 Crore) are being consumed entirely to fund working capital deficits rather than hard asset creation. Furthermore, while the company is heavily pushing its new AI hardware lab, it is stepping into a hyper-competitive global arena dominated by multi-billion dollar tech titans like ServiceNow and SolarWinds. The risk of technological obsolescence is constant. On the positive side, the IPO is heavily weighted toward fresh primary capital, with early promoters maintaining a dominant 58.98% post-listing stake, signaling their continued skin in the game.
From a valuation standpoint, at the upper price band of ₹85 per share (Face Value ₹10), the issue commands a highly attractive post-issue P/E multiple of 14.00x (based on diluted FY26 EPS of ₹6.07) and a Price-to-Book (P/B) multiple of 2.39x against a pre-IPO NAV of ₹35.55. This prices the company at a post-listing market capitalization of ₹183.91 Crore. When benchmarked against its closest listed peer, Newgen Software Technologies Ltd (which trades at a significantly higher P/E of ~23.45x), the EverestIMS IPO appears reasonably—if not cheaply—priced, leaving ample room for listing gains and long-term multiple expansion. While the minimum retail commitment of ₹2,72,000 (2 lots / 3,200 shares) is steep, the strong fundamentals, fair valuation, and powerful AI product narrative make this a compelling bet. We assign a SUBSCRIBE FOR LONG TERM rating for investors looking to gain exposure to India’s rapidly maturing enterprise SaaS ecosystem.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
EverestIMS Technologies IPO Key Contacts & Advisors
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
Maashitla Securities Private Limited
Phone: 011-45121795
Email: ipo@maashitla.com
Website: maashitla.com
|
| 🏢 Company Contact |
EverestIMS Technologies Limited
Registered Office: No. 759, Sree Gururaya Mansion, South Wing 8th Main, J.P.Nagar, III Phase, Bangalore, Karnataka - 560078, India
Phone: 080 - 4656 7100
Email: cs@everestims.com
Website: everestims.com
|
| 💼 Merchant Bankers |
Oneview Corporate Advisors Private Limited
Book Running Lead Manager
Phone: +91 22 6901 0381
Email: mbd@oneviewadvisors.com
|
Frequently Asked Questions (FAQs)
What are the opening and closing dates for the EverestIMS Technologies IPO?
What is the minimum lot size and investment required for retail investors?
How can I check the allotment status for the EverestIMS Technologies IPO?
- Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for real-time verification.
- Official Registrar Portal: Visit the official allotment page of Maashitla Securities Private Limited.
- Stock Exchange Portal: Verify directly on the official BSE IPO allotment status page.