EverestIMS Technologies IPO
EverestIMS Technologies LtdSME
This IPO opens on 29 Sep 2026.
- Open date
- 29 Sep 2026
- Close date
- 5 Oct 2026
- Min. Investment
- ₹2,72,000
- Lot Size
- -
- Fresh Issue
- ₹39.05 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Current step: IPO open date29 Sep 2026
- Upcoming: IPO close date5 Oct 2026
- Upcoming: Allotment date6 Oct 2026
- Upcoming: Funds unblock or debit7 Oct 2026
- Upcoming: Tentative listing date8 Oct 2026
About
Promoter shareholding in EverestIMS Technologies Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Satish Kumar Vijayaragavan | 22,02,000 | 12.92% | 20,91,600 | 9.67% |
| Srikanth Audina | 16,42,570 | 9.64% | 15,32,170 | 7.08% |
| Sudhakar Aruchamy | 16,42,570 | 9.64% | 15,32,170 | 7.08% |
| Deepak Kumar Shenbagarajan | 16,42,570 | 9.64% | 15,32,170 | 7.08% |
| Ganesh Kumar Nagaiah | 16,42,570 | 9.64% | 15,32,170 | 7.08% |
| Arun Prasath Ramadoss | 16,42,570 | 9.64% | 15,32,170 | 7.08% |
| Deepak Gupta | 16,42,570 | 9.64% | 15,32,170 | 7.08% |
| Ramesh Pratap Tiwari | 16,42,570 | 9.64% | 15,32,170 | 7.08% |
Financials of EverestIMS Technologies IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 45.23 | 56.54 | 65.12 |
| Total Expenses | 30.77 | 38.93 | 48.27 |
| Profit Before Tax | - | - | - |
| Total Profit | 10.79 | 14.08 | 13.14 |
EverestIMS Technologies IPO Strengths & Risks
- Experienced core team supported by experienced and senior management team.
- Fully Integrated Platform.
- Cordial relationship with our channel partners.
- Diversified Platform Development and Market Expansion.
- Risks Relating to the Business: The company's business may be adversely affected if its fails to adapt to rapid technological changes and evolving industry standards, or if the company is unable to successfully enhance its existing products and services or develop new offerings.
- Risks Relating to the Business: The company has had negative cash flows in the past from investing activities and financing activities. Any sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- Risks Relating to the Business: The company has not entered into formal agreements with some channel partners for joint sales strategies, which could have a material adverse effect on its business, financial condition, and results of operations.
- Risks Relating to the Business: Defects, errors, or disruptions in the company's software products and services, or potential misuse of its platforms, could result in liability, loss of customers, and reputational harm.
- Risks Relating to the Business: The Company requires significant amounts of working capital for a continued growth. The company's working capital requirement was Rs.3,522.28 lakhs, Rs.2,364.04 lakhs and Rs.2,343.23 lakhs for Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. The company's inability to meet its working capital requirements may have an adverse effect on the company's results of operations.
- Risks Relating to the Business: The company's success depends largely on its ability to attract and retain skilled personnel. The company's employee benefits expenses were Rs.2,204.25 lakhs, Rs.2,337.96 lakhs, and Rs.1,876.90 lakhs, representing 33.44%, 40.46%, and 41.15% of its Total Income for the Fiscal 2026, Fiscal 2025, and Fiscal 2024, respectively. High attrition or the company's inability to attract and retain such personnel in this highly skilled and technical employee-intensive industry could adversely affect its business and results of operations.
- Risks Relating to the Business: The company does not own any premises, including its Registered Office and operates from coworking spaces, relies on lease agreements. If these agreements are terminated on shorter notice or revoked by the Lessor, the company's business and results of operations could be adveresly affected.
- Risks Relating to the Business: The company's business operations are dependent on Information Technology systems which are vulnerable to cybersecurity threats, unauthorized access, and system failures. Any failures to maintain cyber security or comply with evolving data privacy and protection laws could lead to operational disruptions, legal liability, and reputational harm.
- Risks Relating to the Business: The company's Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make the company liable to penalties and may adversely affect its reputation, business, and financial status.
- Risks Relating to the Business: There have been some instances of delayed filing/ incorrect filings in the past with the Registrar of Companies which may attract penalties. Consequently, the Company may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.
- Risks Relating to the Business: There have been instances of delays in payment and deposit of certain statutory dues by the Company, including Professional Tax ("PT"), Goods and Services Tax ("GST") and Tax Deducted at Source ("TDS"), which may expose it to interest, penalties and other consequences and could adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: Its Group Company, Vedanshi Infotech Private Limited, may engaged in a business similar to that of its. Although the company has entered into a non-compete agreement with its Group Company, the company cannot assure you that conflict of interest will not arise in the future, which may adversely affect its business, financial condition, results of operations and prospects.
- Risks Relating to the Business: The company's Executive Directors lacks prior experience in managing a listed company, which may expose the Company to various regulatory and functional risks.
- Risks Relating to the Business: The company's Promoters currently hold 80.38% of its paid-up equity share capital and will continue to retain majority control after the completion of the Offer. This allows them to influence the outcome of matters requiring shareholder approval, and their interests may differ from those of other shareholders.
- Risks Relating to the Business: Failures to offer client support in a timely and effective manner may adversely affect the company's relationships with its clients.
- Risks Relating to the Business: The company has experienced significant growth in its revenue in certain quarters, and there is no assurance that the company will be able to sustain consistent revenue generation across all quarters in the future.
- Risks Relating to the Business: The company global operations expose it to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm the company's business.
- Risks Relating to the Business: The company derives a significant portion of its revenue from the company's top ten customers and source a substantial portion of its supplies from a limited number of suppliers, exposing the company to risks arising from such dependence.
- Risks Relating to the Business: The company's marketing and advertising campaigns may not be effective in increasing brand visibility or customer adoption. Failures of these initiatives could adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company proposes to utilize a portion of the Net Proceeds to set up an AI Innovation and Experience Laboratory. There is no assurance that its clients will adopt these solutions, and any failures to achieve the intended commercial benefits could adversely affect the returns on the company's investment.
- Risks Relating to the Business: The company uses a trademark owned by its wholly owned Subsidiary incorporated in Delaware, United States (USA), and any adverse impact on the company's rights to uses this trademark could materially affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company's results of operations and cash flows could be adversely affected if the company is unable to collect its dues and receivables from, or invoice the company unbilled services to, its clients.
- Risks Relating to the Business: The company's business models for its products and services including both SaaS and on-premise software solutions, are continuously evolving and the company cannot guarantee that its will be able to compete effectively or generates substantial revenue from these offerings.
- Risks Relating to the Business: The company incorporate third-party "open source" like data base, operating systems, queuing engine and other similar development tools software into the company's customer deliverables and its failures to comply with the terms of the underlying open-source software licenses could adversely impact its customers and create potential liability on the company.
- Risks Relating to the Business: Intense competition in the market for technology products and services could affect the company pricing, which could reduce its share of business from clients and decrease the company's revenue and profitability.
- Risks Relating to the Business: The company's subsidiary financial statements have not been audited by an auditor in its host country and, although audited/limited reviewed by the statutory auditors of the Company, may be subject to limitations, which could affect the accuracy and reliability of the financial information presented in this Red Herring Prospectus.
- Risks Relating to the Business: The company is dependent on its Senior Management Personnel and Key Managerial Personnel. The loss of or the company's inability to attract or retain such persons could adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company has experienced significant growth in its PAT, with PAT margins of 19.93%, 24.36%, and 23.74% on a Total Income of Rs.6,591.47 lakhs, Rs.5,778.09 lakhs, and Rs.4,561.66 lakhs for the Fiscal 2026, Fiscal 2025, and Fiscal 2024, respectively. However, there is no assurance that the company will be able to sustain this rate of growth in the future.
- Risks Relating to the Business: The company has in past entered into related party transactions and its may continue to do so in the future.
- Risks Relating to the Business: If the company is unable to manage its growth effectively and further expand into new markets, and secure additional capital resources, the company's business, financial performance, and results of operations could be materially and adversely affected.
- Risks Relating to the Business: In case of the company's inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business, it may have a material adverse effect on the company's business.
- Risks Relating to the Business: The proceeds of the Offer for Sale will not be available to the Company.
- Risks Relating to the Business: Employee misconduct or errors that are difficult to detect could expose it to legal liability, regulatory sanctions, and reputational harm, which may adversely affect the company's financial condition, results of operations.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends on its future cash flows, working capital requirements, capital expenditures, and financial condition.
- Risks Relating to the Business: The company's inability to accurately estimate the costs associated with the execution of its contracts, or to recover increases in such costs from the company's customers, may adversely affect its margins, profitability, cash flows and results of operations.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect it against all potential losses to which the company may be subject, and this may have a material effect on its business and financial condition.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company's Board of Directors, though it shall be monitored by the Audit Committee.
- Risks Relating to the Business: The company's actual results could differ from the estimates and projections used to prepare its financial statements.
- Risks Relating to the Business: The company has not independently verified certain data in this Red Herring Prospectus.
- Risks Relating to the Business: Inability to protect, strengthen and enhance the company's existing reputation could adversely affect its business prospects and financial performance.
- Risks Relating to the Business: The schedule of the company's estimated deployment of Net Proceeds is subject to inherent uncertainties.
