EVERESTIMS TECHNOLOGIES LIMITED IPO

EVERESTIMS TECHNOLOGIES LIMITED IPO closed on 5 Oct 2026. Allotment 6 Oct 2026, listing 8 Oct 2026. Price band ₹80–₹85, lot 1600 shares, GMP +₹50 (58.82%). Track allotment on Allotly.

About EVERESTIMS TECHNOLOGIES LIMITED

EverestIMS Technologies Limited is a software company providing Software-as-a-Service (SaaS) and on-premises products and services focused on digital transformation, IT operations, and service management. The company was incorporated in 2017 as EverestIMS Technologies Private Limited and was converted into a public limited company in 2024. Its product portfolio includes AI for IT Operations Management (AIOps), Generative AI-powered IT Service Management (ITSM), IT Infrastructure Management (ITIM), Network Change and Configuration Management (NCCM), IT Asset Management (ITAM), and Operations Support System (OSS). Its flagship platform, Infraon Infinity, enables remote monitoring and management of network devices, servers, and applications. Its go-to-market strategy comprises direct sales through the company and its US subsidiary, Infraon Corp, along with domestic and international…

Strengths

• The company claims to have an experienced and professional management team. Its promoters, KMPs, and senior and middle-level management are stated to have relevant industry knowledge and execution capabilities.
• The company claims to offer a fully integrated “Infraon Infinity” platform comprising multiple modules and AI-powered features for both SaaS and on-premises customers. The unified platform addresses IT service and operations management requirements through a single solution, which the company states can simplify maintenance, improve customer efficiency, and support streamlined operations.
• The company claims to maintain strong relationships with its channel partners by providing product and technical training, professional services support, and assistance in customer engagement. It also trains partners to deliver professional services and support customers, with the objective of helping partners grow their businesses while strengthening channel relationships and supporting revenue generation.
• The company claims to have developed a diversified platform covering ITIM, AIOps, ITSM, ITAM and OSS, enabling it to offer both SaaS and on-premises solutions. Its customer base includes large enterprises, telecom operators, and small and medium-sized businesses, while the company continues to track emerging technologies, industry segments and market trends across ITOM, ITSM, AIOps, AISM, and OSS.
• The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 45.23 crore in FY24 to Rs 56.54 crore in FY25 to Rs 65.12 crore in FY26.

Risks

• The company operates in an industry characterised by rapid technological changes, evolving standards and changing customer requirements. Failure to anticipate technological developments, enhance existing products, develop commercially successful new offerings or manage product transitions effectively could result in technological obsolescence, reduced competitiveness and adverse effects on the company’s business and results of operations.
• The company has not entered into comprehensive, legally binding agreements with some of its registered channel partners for joint sales strategies. This may result in uncertainty regarding partnership terms, sales collaboration, and market access and could limit the company’s ability to establish favourable commercial terms and long-term strategic arrangements. Any disruption in its channel network could affect revenue predictability and business growth.
• The company’s software products and services involve complex programming, configuration and technical execution. Software defects, post-deployment errors or hosting infrastructure failures could disrupt customers’ critical operations, delay service delivery and require additional remediation costs. Such issues could also result in customer dissatisfaction, rejection of services, loss of customers and reputational damage.
• The company’s working capital requirements stood at Rs 35.22 crore in FY26, Rs 23.64 crore in FY25, and Rs 23.43 crore in FY24. Continued business expansion may increase its working capital requirements. Inability to maintain sufficient cash flows, credit facilities or other funding sources could result in higher working capital borrowings and finance costs, potentially adversely affecting its financial condition and results of operations.
• The company’s operations depend significantly on attracting and retaining skilled engineers, operations managers and sales and service personnel. Employee benefits expenses stood at Rs 22.04 crore in FY26, Rs 23.38 crore in FY25, and Rs 18.77 crore in FY24, representing 33.44%, 40.46%, and 41.15% of total income, respectively. High attrition or increased hiring, training, and retention costs could hurt its operations, revenues, and profitability.
• The company derives a significant portion of its revenue from its top 10 customers, which contributed Rs 57.81 crore in FY26, Rs 48.80 crore in FY25, and Rs 40.20 crore in FY24, representing 88.77%, 86.31%, and 88.89% of total revenue, respectively. It also depends heavily on a limited number of suppliers, with its top 10 suppliers accounting for Rs 8.59 crore, Rs 2.82 crore, and Rs 1.80 crore, representing 99.62%, 99.49%, and 100.00% of total purchases in FY26, FY25, and FY24, respectively. Any disruption or loss of key customers or suppliers could adversely affect the company’s business and financial performance.
• The company’s directors and promoters are involved in certain tax proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
• The company reported negative cash flows from investing activities of Rs 8.76 crore in FY26, Rs 2.75 crore in FY25, and Rs 6.56 crore in FY24, primarily due to purchases of property, plant and equipment and intangible assets of Rs 9.49 crore, Rs 7.55 crore, and Rs 5.50 crore, respectively. In FY25 and FY24, investments in mutual funds of Rs 0.58 crore and Rs 9.72 crore, respectively, also contributed to investing outflows, partly offset by interest income and proceeds from the sale of mutual funds. Financing cash flows were negative at Rs 0.02 crore in FY26 and Rs 0.27 crore in FY24, primarily due to finance costs of Rs 0.02 crore and Rs 0.27 crore, respectively. Sustained negative cash flows could adversely affect liquidity, financial condition, and growth plans.
• As of FY26, the company’s trade receivables were Rs 51.96 crore. Any failure to collect these receivables on time or at all can have a negative impact on the business and its financial condition.

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