EverestIMS Technologies IPO
Upcoming SMEAlready have an account? Apply now
EverestIMS Technologies IPO details
Schedule of EverestIMS Technologies
| Issue open date | 29 Sep 2026 |
| Issue close date | 05 Oct 2026 |
| UPI mandate deadline | 05 Oct 2026 (5 PM) |
| Allotment finalization | 06 Oct 2026 |
| Refund initiation | 07 Oct 2026 |
| Share credit | 07 Oct 2026 |
| Listing date | 08 Oct 2026 |
| Mandate end date | 20 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 04 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 03 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About EverestIMS Technologies
EverestIMS Technologies is an information technology company providing software products and services focused on IT operations and service management. The company delivers solutions across IT service management, IT infrastructure management, network configuration and content management, artificial intelligence for IT operations, IT asset management, and operations support systems. EverestIMS Technologies offers its customers multiple consumption models, providing both software as a service (SaaS) and on-premises software solutions to meet varying operational requirements. Its business involves integrating third-party open-source databases, operating systems, queuing engines, and development tools into customer deliverables. The company derives its revenue primarily from the sale of software products, software services, and hardware products to its client base, which includes large corporate customers. Additionally, the company serves clients overseas in countries such as the United Arab Emirates and Malaysia, alongside its domestic operations.
Financials of EverestIMS Technologies
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 48.46 |
| Fresh Issue – Proceeds go to the company | 39.05 |
| Offer for sale – Proceeds go to the existing investors | 9.41 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Purchase of IT hardware for AI Innovation Lab | 5.66 (14.49%) |
| Working Capital Requirement | 24 (61.46%) |
| General Corporate Purposes | 9.39 (24.05%) |
Strengths
- Offers multiple SaaS and on-premises software models.
- Serves diverse overseas clients in the UAE and Malaysia.
- Holds long-standing relationships with key corporate customers.
- Adopts advanced technologies via a dedicated AI Laboratory.
- Shows strong and consistent financial and revenue growth
Risks
- High revenue dependence on the top 10 corporate customers.
- Absence of formal agreements with some channel partners.
- Past negative cash flows from investing and financing.
- Software defects may cause liability and customer loss.
- Open-source integration exposes the company to IP infringement claims.