EverestIMS Technologies came to market through an SME IPO that opened on 29 September 2026 and closed on 5 October 2026, and the shares listed on 8 October 2026 on the BSE. The price band was ₹80 to ₹85 per share and one lot was 1600 shares, so the minimum application was ₹1,36,000. The issue size was ₹48.46 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹126, a gain of 48.2% against the issue price of ₹85. Maashitla Securities Pvt.Ltd was the registrar to the issue, and Oneview Corporate Advisors Pvt.Ltd was the lead manager.
The issue was subscribed 294.29 times overall.
EverestIMS Technologies Limited is a software company incorporated on April 2017. The company provides SaaS and on-premises products and services. The business is specialized in digital transformation, IT operations and AI product solutions for the improvement of the efficiency of IT process and user experience. The solutions provided by the company include the remote management of critical network devices, servers and applications, and the optimization of IT operations with the help of platform ‘Infraon Infinity’. Products and Services:
Information Technology Service Management (ITSM) IT Infrastructure Management (ITIM) Network Configuration and Change Management (NCCM) AI For IT Operations (AIOPS) IT Asset Management (ITAM) Operation Support System (OSS) The company sells directly through the Company and their subsidiary, Infraon Corp, situated in the USA. Moreover, the company works together with domestic & international channel partners, distributors and sales agents, who find potential customers, qualify and close deals with them. Revenue sources: (i) sales of software products (ii) sales of services.
As of March 31, 2026, the company had 230 employees.
As described in the offer document.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
₹80 to ₹85 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,36,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,36,000, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 September 2026 and closed on 5 October 2026.
The basis of allotment was published on 6 October 2026 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 8 October 2026 on the BSE, opening at ₹126.
The issue size was ₹48.46 crore. The fresh issue was 45,93,600 shares (aggregating up to ₹39.05 crore). The offer for sale was 11,07,200 shares (aggregating up to ₹9.41 crore).
It listed at ₹126 against an issue price of ₹85, a gain of 48.2 percent on listing day.