Behari Lal Engineering,CSM Technologies File Draft IPO Papers with Sebi
new Delhi: behari Lal Engineering and CSM Technologies have filed Draft red Herring Prospectuses (DRHPs) with the Securities and Exchange Board of India (Sebi) to launch initial public offerings (IPOs),signaling potential new avenues for investment in the Indian market.
CSM Technologies, established in 1998 as cybertech Software & Multimedia Pvt.Ltd. and later renamed in 2014, aims to raise capital through a fresh issue of up to 1,29,01,000 equity shares, each with a face value of Rs 10. The company, which converted to a public limited company in 2025, intends to utilize the IPO proceeds for funding growth initiatives, strengthening its technological infrastructure, repaying/prepaying certain borrowings, and for general corporate purposes. CSM Technologies provides digital transformation, GovTech, and IT consulting services and operates with subsidiaries in the USA, UAE, Canada, Kenya, Rwanda, and India (Kwantify Solutions pvt. Ltd.). Priyadarshi Pany and Lagna Panda are the company’s promoters.
for FY2025, CSM Technologies reported consolidated revenue from operations of Rs 1,992.4 crore, an increase from Rs 1,967.1 crore in FY2024 and Rs 1,604.4 crore in FY2023. Profit after tax also rose to Rs 129.9 crore in FY2025, compared to Rs 104.3 crore in FY2024 and Rs 80.0 crore in FY2023.
Keynote Financial Services Limited is the Book Running Lead Manager for the CSM Technologies IPO, and KFin Technologies Limited is the Registrar to the issue.
