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EverestIMS Tech IPO Subscribed 56% on Day 2; GMP Shows Strong Listing Gain Potential
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Moneycontrol•30-09-2026, 18:01
EverestIMS Tech IPO Subscribed 56% on Day 2; GMP Shows Strong Listing Gain Potential
- •EverestIMS Tech's initial public offering (IPO) was subscribed 56 percent on its second day of share sale.
- •The Rs 48.46 crore BSE SME issue opened on September 29 and will close on October 5, with shares scheduled for listing on October 8.
- •Shares of EverestIMS Tech are commanding a grey market premium (GMP) of 21-24 percent, indicating a potential listing gain of 23.53 percent.
- •Incorporated in 2017, the Bangalore-based company provides SaaS and on-premises IT Operation and Service Management (ITOSM) solutions under the 'Infraon' brand.
- •The SME segment is experiencing a surge in IPOs, with eight issues opening on Wednesday, collectively aiming to raise around Rs 440 crore.
Key Questions Answered
The EverestIMS Tech SME IPO was subscribed 56 percent on the second day of bidding. The Rs 48.46 crore issue opened on September 29, closes on October 5, and is scheduled to list on October 8.
EverestIMS Tech shares are commanding a grey market premium of 21 to 24 percent, with Investorgain quoting a GMP of Rs 20 which indicates an estimated listing gain of 23.53 percent.
Incorporated in 2017, the Bangalore-based company offers software-as-a-service and on-premises IT Operation and Service Management solutions under the 'Infraon' brand. Its flagship platform, 'Infraon Infinity', provides AI-enabled capabilities like AIOps, ITSM, and ITAM to enterprises and telecom operators.
