EverestIMS Technologies IPO
smelistedAbout the company
EverestIMS Technologies was incorporated in 2017 is a software enterprise company offering Software as a Service (SaaS) and on-premises software products and services for digital transformation, IT operations and service management, with AI-enabled capabilities. The company sells directly, including through its US subsidiary Infraon Corp, and through domestic and international channel partners, distributors and sales agents. It operates from Bengaluru, Mumbai and Gurgaon. Its Infraon Infinity platform covers IT service management, IT infrastructure management, network configuration and change management, AI for IT Operations, IT asset management and telecom operations support systems. On-premises software earns one-time per-user licence fees, additional licence and module fees, telecom customisation charges and annual maintenance revenue; the cloud platform earns annual subscription fees. Customers include large enterprises, telecom operators, government organizations, mid-market businesses and SMBs. FY26 revenue from operations was ₹65.12 crore. Software products contributed ₹50.06 crore, or 76.8% of revenue; services contributed ₹9.81 crore, or 15.07%; and hardware contributed ₹5.25 crore, or 8.07%. Hardware revenue first appeared in FY26 while software products remained the largest source across FY24 to FY26. Country-wise, India accounted for ₹61.20 crore and a disclosed 93.9% of FY26 revenue. The UAE contributed ₹3.05 crore and 4.68%, while Malaysia contributed ₹0.34 crore and 0.52%; each other disclosed overseas market contributed 0.30% or less. The company reported 230 payroll employees at March 31, 2026, including 107 in engineering and 59 in customer success and support. Its order book was ₹39.12 crore at August 31, 2026; the top ten customers contributed 88.77% of FY26 revenue.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 28 Sep | ₹20 | ₹105 | +7 |
| 27 Sep | ₹13 | ₹98 | 0 |
| 26 Sep | ₹13 | ₹98 | 0 |
Strengths
- Strong presence in IT infrastructure management and enterprise software solutions.
- Recurring revenue potential from subscription-based and long-term enterprise contracts.
- Growing demand for cloud, automation, observability and digital infrastructure management.
- Diverse customer base across multiple industries can support business stability.
- Opportunity to benefit from increasing enterprise spending on IT modernisation and digital transformation.
Risks
- Competition from established global and domestic IT management software providers.
- Business performance may depend on retaining key enterprise customers and securing new contracts.
- Technology changes could require continuous investment in product development and innovation.
- Exposure to global economic conditions may affect enterprise technology spending.
- Profitability and cash flows could remain sensitive to operating costs, employee expenses and sales investments.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed29 Sept 2026Bidding starts for all investor categories
IPO Closes
Completed05 Oct 2026Last day to place your bid
Basis of Allotment
Completed06 Oct 2026Share allotment finalised
Refund Initiation
Completed07 Oct 2026Refunds credited for non-allottees
Credit to Demat
Completed07 Oct 2026Allotted shares credited to demat account
Listing on Exchange
Completed08 Oct 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1600 | ₹136,000 | 1 | ₹136,000 | 1 lot only |
| HNI | 2 | 3200 | ₹272,000 | 2 | ₹272,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,909,091 | 24 | 0 | 0.00x | 100% |
| NII | 15% | 872,727 | 7.2 | 96,000 | 0.11x | 100% |
| Retail | 35% | 2,036,364 | 16.8 | 448,000 | 0.22x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
