EverestIMS Technologies IPO

SME • BSE SME • Fresh capital cum OFS

LISTEDSMEBSE SME

EverestIMS Technologies

Price band

₹80 – ₹85

Lot size

1600 shares

Min investment

₹1,36,000

Issue size

₹48.46 Cr

About the company

EverestIMS Technologies Limited was started in April 2017. It is a software company that sells both software-as-a-service and on-premise products. Its focus is IT operations, meaning the tools a company's IT team uses to keep networks, servers and applications running. Its main platform is Infraon Infinity, which remotely monitors critical network devices, servers and applications so that problems are caught before they cause downtime. Its product range covers IT service management, IT infrastructure management, network configuration and change management, AI for IT operations, IT asset management and operation support systems for telecom operators. It sells directly and through its subsidiary Infraon Corp in the United States, and also works with Indian and international channel partners, distributors and sales agents who find customers for it.

EverestIMS Technologies Limited is a software company offering SaaS and on-premise IT operations products under its Infraon Infinity platform, covering IT service management, infrastructure monitoring, network configuration, AIOps and IT asset management. It sells directly and through its US subsidiary Infraon Corp and channel partners.

IPO details

Issue price: ₹85
Price band: ₹80 – ₹85
Face value: ₹10
Lot size: 1600
Min investment: ₹1,36,000
Issue size: ₹48.46 Cr
Sale type: Fresh capital cum OFS
Listing on: BSE SME
BSE scrip code: 8007
NSE symbol: EIMS.BO

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	1,600	₹1,36,000
Retail (Max)	1	1,600	₹1,36,000
HNI (Min)	2	3,200	₹2,72,000

Investor reservation

CATEGORY	RESERVED
QIB	27,00,800 shares (49.88% of the Offer)
NII	8,16,000 shares (15.07% of the Offer)
Retail	18,97,600 shares (35.05% of the Offer)

Objects of the issue

1Purchase of IT hardware for setting up of Artificial Intelligence (AI) Innovation and Experience Laboratory5.66

2Working Capital Requirement24.00

3General Corporate Purposes

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	90.27	67.82	50.47
Total Income	65.91	57.78	45.62
Profit After Tax	13.14	14.08	10.83
EBITDA	23.34	22.64	17.44
NET Worth	60.59	47.41	32.22
Reserves and Surplus	43.54	30.37	30.39

Key performance indicators

P/E Ratio

EPS (₹)

6.07

RoE

40.30%

RoCE

40.71%

RoNW

33.53%

PAT Margin

23.66%

NAV (₹)

19.52

✓ Strengths

• The margin is high, as expected in software, with a PAT margin of 23.66% and EBITDA of Rs 23.34 crore on income of Rs 65.91 crore in FY2026.

• Return on capital employed is strong at 40.71%, with RoNW of 33.53%.

• Sales have grown every year, from Rs 45.62 crore in FY2024 to Rs 57.78 crore in FY2025 and Rs 65.91 crore in FY2026.

• The issue is priced at about 14 times earnings on an EPS of Rs 6.07, which is modest for a software business.

• It owns its product, Infraon Infinity, rather than reselling someone else's software, so the value it builds stays with it.

• Selling as SaaS brings subscription income that repeats every year rather than one-off licence sales.

• It has a US subsidiary, Infraon Corp, and international channel partners, so it is not dependent on Indian customers alone.

• Net worth has nearly doubled in two years, from Rs 32.22 crore to Rs 60.59 crore.

⚠ Risks

• Profit fell in the latest year, from Rs 14.08 crore in FY2025 to Rs 13.14 crore in FY2026, even though sales rose 14%.

• IT operations software is a crowded market with large global vendors that have far bigger budgets for product and sales.

• Channel partners and distributors bring in a part of the business, so the company does not fully control those customer relationships.

• Rs 24 crore of the issue goes into working capital, which is high for a software company and suggests customers take time to pay.

• The company is young, having been started in April 2017.

• There are eight promoters, and their combined holding falls from 80.38% to 58.98% after the issue.

• This is a fresh issue combined with an offer for sale, so a part of the money goes to the selling shareholders and not to the company.

• This is an SME issue. One lot is 1,600 shares, which is about Rs 1.36 lakh at the upper band of Rs 85, and SME shares usually trade in low volume after listing.

Promoters & holding

Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar and Deepak Gupta

Pre-issue promoter holding

80.38%

Post-issue promoter holding

58.98%

Promoters hold 80.38% before the issue and will hold 58.98% after it.

Data refreshed 07 Nov 2026, 04:42 pm IST. GMP is unofficial market sentiment, not investment advice.