In Progress
Valuation
Market Cap
₹183.92 Cr
P/E Ratio
11.02x
P/B Ratio
2.39x
Everest IMS IPO Dates
Business Overview
EverestIMS Technologies Limited, incorporated in 2017 and headquartered in Bengaluru, Karnataka, is a software company offering both Software as a Service (SaaS) and on-premises IT management solutions under its flagship platform 'Infraon Infinity'. The Company specialises in digital transformation and IT Operations and Service Management with AI-enabled capabilities spanning AIOps, Generative-AI powered ITSM, ITIM, Network Change and Configuration Management, IT Asset Management and Operations Support Systems. It serves large enterprises, telecom operators and SMBs through direct sales and channel partners, with reach extended via its US subsidiary, Infraon Corp, and offices in Mumbai and Gurgaon.
Lots & IPO Size
Everest IMS IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 3,200 | ₹2,72,000 |
| Ind (Max) | 2 | 3,200 | ₹2,72,000 |
| S-HNI (Min) | 3 | 4,800 | ₹4,08,000 |
| S-HNI (Max) | 7 | 11,200 | ₹9,52,000 |
| B-HNI (Min) | 8 | 12,800 | ₹10,88,000 |
Everest IMS IPO Size
Objects of the Issue
Purchase of IT hardware for AI Innovation and Experience Laboratory
Working Capital Requirement
General Corporate Purposes & Issue Expense
Total
Key Risk Factors
The Company's business may be adversely affected if it fails to adapt to rapid technological changes and evolving industry standards or to develop new offerings.
Key Risk Factors
The Company's business may be adversely affected if it fails to adapt to rapid technological changes and evolving industry standards or to develop new offerings.
The Company has had negative cash flows from investing activities in the past, which could adversely affect its business, financial condition and results of operations.
The Company has not entered into formal arrangements with some channel partners for joint sales strategies, which could adversely affect its business and results of operations.
Defects, errors or disruptions in the Company's software products and services, or misuse of its platforms, could adversely affect its reputation, business and financial condition.
The Company requires significant working capital; its requirement was Rs.3,522.28 lakhs, Rs.2,364 lakhs and Rs.1,976.98 lakhs (33.44%/40.40%/41.15% of Total Income) in FY26/25/24.
The Company's success depends on attracting and retaining skilled personnel; employee benefits expenses were Rs.2,204.25 lakhs, Rs.2,337.96 lakhs and Rs.1,876.90 lakhs in FY26/25/24.
The Company does not have written contracts with certain clients, and such arrangements may not fully protect it from risks if terminated, revoked or not renewed.
The Company's business depends on Information Technology systems; failure, inadequacy, interruption or security vulnerability of its systems could adversely affect operations.
The Company's Promoters are party to certain litigation matters; any adverse decision may result in penalties or fines and adversely affect the Company's business and reputation.
There have been certain discrepancies in the names of the Company's Directors in past regulatory filings with the Registrar of Companies, which may attract penalties.
Everest IMS IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|
Everest IMS IPO Peer Comparison
(Rs. in crores)
| Particulars | EverrestIMS Tech | Newgen Software |
|---|---|---|
| Revenue | 65.12 | 1,574.40 |
| PAT | 13.14 | 300.58 |
| EPS (₹) | 7.71 | 21.38 |
| NAV (₹) | 35.55 | 126.40 |
| RONW | 21.69% | 16.91% |
| EBITDA | 35.41% | 25.78% |
| PAT Mrgn | 19.93% | 19.09% |
| PE Ratio | 11.02 | 23.45 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 11, 2026 for Peers
Everest IMS IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 65.12 | 56.54 | 45.23 |
| Profit | 13.14 | 14.08 | 10.83 |
| Net Worth | 60.59 | 47.41 | 32.22 |
| Borrowings | - | - | - |
| Assets | 90.27 | 67.82 | 50.47 |
| NAV (₹) | 35.55 | 27.82 | 19.54 |
| EPS (₹) | 7.71 | 8.27 | 6.57 |
Key Performance Indicators (KPIs)
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Everest IMS IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 65.12 | 56.54 | 45.23 |
| Other Income | 0.79 | 1.24 | 0.39 |
| Total Income | 65.91 | 57.78 | 45.62 |
| Cost of Revenue | 8.62 | 2.84 | 1.80 |
| Changes in Inventories | 0.00 | 0.00 | 0.00 |
| Employee Expense | 22.04 | 23.38 | 18.77 |
| Finance Costs | 0.02 | 0.02 | 0.27 |
| Depreciation | 5.70 | 3.78 | 2.57 |
| Other Expenses | 11.89 | 8.90 | 7.36 |
| Total Expenses | 48.28 | 38.93 | 30.77 |
| Profit Before Tax | 17.64 | 18.85 | 14.84 |
| Tax Expense | 4.50 | 4.78 | 4.01 |
| Profit After Tax | 13.14 | 14.08 | 10.83 |
| EPS — Basic (₹) | 7.71 | 8.27 | 6.57 |
| EPS — Diluted (₹) | 7.71 | 8.27 | 6.57 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 17.04 | 17.04 | 1.83 |
| Reserves & Surplus | 43.54 | 30.37 | 30.39 |
| Total Equity | 60.59 | 47.41 | 32.22 |
| Total Borrowings | 0.00 | 0.00 | 0.00 |
| Trade Payables | 6.99 | 0.54 | 0.60 |
| Other Current Liabilities | 16.00 | 14.40 | 12.62 |
| Other Liabilities | 6.69 | 5.47 | 5.02 |
| Total Equity & Liab | 90.27 | 67.82 | 50.47 |
| Fixed Assets | 16.19 | 12.43 | 8.66 |
| Other Non-Current Assets | 7.67 | 12.14 | 0.40 |
| Other Current Assets | 4.91 | 0.77 | 1.15 |
| Trade Receivables | 51.96 | 36.56 | 30.70 |
| Cash & Bank Balances | 7.65 | 4.28 | 4.51 |
| Other Assets | 1.89 | 1.65 | 5.04 |
| Total Equity & Liab | 90.27 | 67.82 | 50.47 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 9.20 | 2.63 | 5.32 |
| Cash Flow from Investing Activities | -8.76 | -2.75 | -6.56 |
| Cash Flow from Financing Activities | -0.02 | 0.04 | -0.27 |
| Net Change in Cash & Equivalents | 0.43 | -0.08 | -1.50 |
| Cash & Equivalents at End of Period | 2.57 | 2.11 | 2.19 |
Promoter Holding
Promoter
80.40%
Public
19.60%
Management
Satish Kumar Vijayaragavan
Age: 46
MD
Remuneration
₹Rs.72.13 Lakhs p.a. (FY26, as Director remuneration)
Education
B.E. Computer Science (University of Madras, 2001); Executive Programme in Digital Marketing (IIM Indore, 2024)
Prior Experience
Senior Staff Engineer at Tecknodreams (2001-04); VP-Professional Services at HSB Soft/DMX Technologies (2004-17); with EverestIMS since incorporation (2017).
Sudhakar Aruchamy
Age: 45
Chairman & WTD
Remuneration
₹Rs.63.14 Lakhs p.a. (FY26, as Director remuneration)
Education
DOEACC 'B' Level Computer Course (Amrita Institute, 2003); Diploma in Computer Technology (Tamil Nadu State Board, 2000)
Prior Experience
Technical Specialist at HSBSoft (2004-11); Consultant Engineer at DMX Technologies (2011-17); with EverestIMS since 2017 as Senior Manager, Business.
Prakash Bhat
CFO
Remuneration
₹Rs.31.80 Lakhs (FY26 compensation)
Education
B.Com (Karnatak University Dharwad, 2005)
Prior Experience
Accountant at Pactec India (2005-08); Admin Assistant at Infosys Technologies (2008-10); Finance Head at DMX Technologies/EverestIMS since 2011; CFO since Oct 2024.
Registrar & Lead Managers
Registrar
Maashitla Securities
Lead Managers (1)
Company Details
Name: Everestims Technologies Limited
Address: No.759, Sree Gururaya Mansion, South Wing 8th Main, J.P. Nagar, III Phase, Bangalore, Karnataka, India, 560078
Number: 080 - 46567100
Email: cs@everestims.com
Website: https://everestims.com
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How to apply Everest IMS IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Everest IMS IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Everest IMS IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Everest IMS IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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