By Vineet Kumar 
Bengaluru-based IT infrastructure and software solutions firm EverestIMS Technologies Limited concluded its public issue on October 5 with remarkable institutional and non-institutional participation, clocking an overall subscription of roughly 274 times.
The ₹48.45-crore BSE SME offering witnessed massive bidding momentum on its final day, driven by an expanding order book, strong Grey Market Premium (GMP) expansion, and solid enterprise software market sentiment.
EverestIMS Technologies IPO Key Highlights
| Metric | Details |
| Total Issue Size | ₹48.45 Crore (57,00,800 Equity Shares) |
| Price Band | ₹80 – ₹85 per share |
| Face Value | ₹10 per share |
| Fresh Issue | 45.93 lakh shares (~₹39.04 Cr) |
| Offer for Sale (OFS) | 11.07 lakh shares (~₹9.41 Cr) |
| Lot Size | 1,600 shares (Minimum Retail Investment: ₹2,72,000 / 2 lots) |
| Overall Subscription | ~274x – 294x (Final data reconciliation underway) |
| Exchange Platform | BSE SME |
| Registrar | Maashitla Securities Private Limited |
Category-Wise Bidding Breakdown
Bidding data reveals heavy oversubscription across all major investor segments:
- Non-Institutional Investors (NII / HNI): Emerged as the primary volume driver, subscribing over 540 times their allocated quota, with big HNIs leading the charge.
- Retail Individual Investors (RII): Subscribed over 260 times, reflecting retail enthusiasm despite the SME lot ticket size.
- Qualified Institutional Buyers (QIB): Recorded demand exceeding 140 times on the final bidding day.
Grey Market Premium (GMP) and Estimated Listing Price
In the unlisted market, the EverestIMS Technologies IPO GMP traded between ₹37 and ₹42 per share, indicating an estimated listing premium of 44% to 49% over the upper price band of ₹85.
- Issue Price (Upper Cap): ₹85
- Current GMP Indicator: ~₹40
- Expected Listing Price Range: ₹122 – ₹127 per share
(Note: Grey market premiums are informal, unregulated market metrics and do not serve as a guaranteed listing price.)
EverestIMS Technologies IPO Timeline & Allotment Schedule
- Basis of Allotment: October 6
- Initiation of Refunds / Unblocking of Funds: October 7
- Credit of Shares to Demat Accounts: October 7
- Tentative Listing Date on BSE SME: October 8
Investors can check their allotment status online on the official portal of Maashitla Securities Private Limited once finalized.
Trading Thought Takeaway
EverestIMS Technologies has delivered one of the strongest SME IPO subscription numbers of the quarter. For FY2026, the company posted revenues of ₹65.91 crore with a Profit After Tax (PAT) of ₹13.14 crore and an EBITDA margin exceeding 35%.
With a post-issue P/E sitting around 14x at the upper band, the company entered the market at a distinct discount to peers like Newgen Software. While the heavy oversubscription implies fierce competition for allotment, the strong grey market trajectory points toward solid opening gains on debut day.
Frequently Asked Questions (FAQ)
1. What is the total subscription of EverestIMS Technologies IPO?
The EverestIMS Technologies IPO closed with an aggregate subscription of nearly 274x to 294x across all categories on the final day of bidding.
2. When will the EverestIMS IPO allotment status be available?
The basis of allotment is scheduled to be finalized on October 6. Applicants can verify their status via the Maashitla Securities website or BSE IPO portal.
3. What is the lot size and minimum investment for EverestIMS Technologies?
The lot size is 1,600 shares, requiring a minimum retail application size of 3,200 shares (2 lots), which translates to an investment of ₹2,72,000 at the upper price band of ₹85.
Disclaimer: This post is strictly for educational and informational purposes only. Trading Thought is not a SEBI registered advisor. The analysis provided does not constitute financial, investment, or trading advice. Please consult with a certified financial professional before making any investment decisions.