| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 45.23 | 56.54 | 65.12 |
| Expenses | 30.77 | 38.93 | 48.28 |
| Other Income | 0.39 | 1.24 | 0.79 |
| Total Revenue | 45.62 | 57.78 | 65.91 |
| Profit Before Tax | 14.84 | 18.85 | 17.64 |
| Net Profit | 10.83 | 14.08 | 13.14 |
EverestIMS Technologies
EverestIMS Technologies IPO
₹2,56,000
0.08 xOver-subscribedBidding Dates 29 Sept, 26 -05 Oct, 26
Min Investment ₹2,56,000
Lot Size1,600
Price Range ₹80 – ₹85
Issue Size ₹48.46 Cr.
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IPO Subscription Details
Retail Subscription Details
0.15 x
Non-Institutional Buyers (sHNI)
0.07 x
Non-Institutional Buyers (bHNI)
0.02 x
Qualified Institutional Buyers (QIB)
0 x
Total0.08 x
0.08 x IPO Timeline
IPO Offer Start
29 Sept,26
IPO Offer Ends
05 Oct,26
Allotment Finalisation
06 Oct,26
Refund Initiation
07 Oct,26
Listing of Shares
08 Oct,26
IPO Analysis
Strengths
The company is driven by qualified Promoters with extensive knowledge of the IT software industry, and the long-term consistency of its management team is expected to enable continued market expansion and capture of future opportunities.
The company offers a unified 'Infraon Infinity' platform covering multiple IT service and operations management needs (AIOps, ITSM, ITIM, NCCM, ITAM, OSS) in a single solution, reducing complexity and improving efficiency for both On-Premises and SaaS customers.
The company empowers its channel partners through comprehensive support, free training, and technical enablement, fostering mutual growth and strengthening long-term partner relationships to drive revenue.
Risks
The company derives 88.77%, 86.31%, and 88.89% of revenue from its top 10 customers in Fiscal 2026, 2025, and 2024 respectively, while top 10 suppliers account for 99.62%–100% of total purchases. The loss of any key customer or supplier could materially and adversely affect business operations and revenue.
The company's working capital requirements have grown significantly to ₹3,522.28 lakhs, ₹2,364.04 lakhs, and ₹2,343.23 lakhs for Fiscal 2026, 2025, and 2024 respectively. Inability to maintain sufficient cash flow or credit facilities could adversely affect financial condition and results of operations.
The company has experienced negative cash flows from investing activities of ₹875.72 lakhs, ₹275.29 lakhs, and ₹655.68 lakhs in Fiscal 2026, 2025, and 2024 respectively. Sustained negative cash flows could materially impact the company's ability to operate and implement growth plans.
Objectives
The company intends to utilize net proceeds towards purchasing IT hardware including laptops, servers, storage, and switches for setting up an Artificial Intelligence (AI) Innovation and Experience Laboratory within its existing premises.
The company plans to utilize net proceeds to meet its incremental working capital requirements for the projected fiscal year, as the business is working capital intensive and requires additional funding beyond internal accruals.
The company intends to deploy any balance of net proceeds towards general corporate purposes including meeting operating expenses, strengthening business development and marketing capabilities, strategic initiatives, and ongoing general corporate exigencies, subject to a cap of 15% of the amount raised or Rs. 10 crores, whichever is lower.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 50.47 | 67.82 | 90.27 |
| Current Assets | 41.40 | 43.26 | 66.42 |
| Fixed Assets | 9.06 | 24.56 | 23.85 |
| Total Equity & Liabilities | 50.47 | 67.82 | 90.27 |
| Total Liabilities | 18.24 | 20.41 | 29.68 |
| Current Liabilities | 13.91 | 15.59 | 23.71 |
| Non Current Liabilities | 4.33 | 4.81 | 5.98 |
| Total Equity | 32.22 | 47.41 | 60.59 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -1.50 | -0.08 | 0.42 |
| Investing Activities | -6.56 | -2.75 | -8.76 |
| Operating Activities | 5.32 | 2.63 | 9.20 |
| Financing Activities | -0.27 | 0.04 | -0.02 |
About EverestIMS Technologies
EverestIMS Technologies Limited (formerly Private Limited), incorporated on April 13, 2017, is a Bangalore-based software company offering SaaS and on-premises IT Operation and Service Management (ITOSM) solutions under the brand 'Infraon'. The company's flagship platform 'Infraon Infinity' delivers AI-enabled capabilities including AIOps, ITSM, ITIM, NCCM, ITAM, and OSS, catering to...more
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Managing DirectorMr. Satish Kumar Vijayaragavan
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