EIMS

EverestIMS Technologies Limited

Listed SME BSE Fresh Issue + OFS
🔥🔥🔥🔥🔥

Software company offering SaaS and on-premise IT operations management solutions including ITSM, ITIM, and AI-driven platforms for enterprise customers.

Price Band
₹80–₹85
Lot Size
1600 shares
Issue Size
₹48.46 Cr
GMP
+₹20
Est. Listing
+23.5%
Subscription
294.22×
Open Date
29 Sep
Close Date
05 Oct
Allotment
06 Oct
Listing Date
08 Oct
Min Investment
₹1,36,000

Overview

About the Company

Founded in April 2017, EverestIMS Technologies is a software enterprise delivering digital transformation solutions across IT service management, infrastructure management, and AI-driven operations. The company's flagship platform, Infraon Infinity, enables remote monitoring of critical network devices, servers, and applications to reduce downtime and enhance operational efficiency. Revenue streams include software product sales and service contracts, with distribution via direct sales, subsidiary operations in the USA, and channel partnerships domestically and internationally.

Company Details

Founded
2017
Headquarters
Bengaluru, Karnataka
Industry
Software Products
Employees
230
Promoter
Satish Kumar Vijayaragavan, Sudhakar Aruchamy, Ramesh Pratap Tiwari, Arun Prasath Ramadoss, Deepak Kumar Shenbagarajan, Srikanth Audina, N Ganesh Kumar, Deepak Gupta
Issue Type
Fresh Issue + OFS

📋 Objects of Issue (Use of Proceeds)

  • › Purchase of IT hardware for Artificial Intelligence Innovation and Experience Laboratory
  • › Working capital requirements for business operations
  • › General corporate purposes

✅ Strengths

  • ✓ Diverse product portfolio with both SaaS and on-premises deployment options
  • ✓ Experienced leadership team with seasoned management
  • ✓ Strong relationships with channel partners and distributors
  • ✓ AI-driven Infraon Infinity platform for enterprise IT operations
  • ✓ Consistent financial growth with diversified revenue streams
  • ✓ International presence through USA subsidiary and overseas markets

⚠️ Risks

  • ! Heavy dependence on top 10 corporate customers for revenue
  • ! Lack of formal agreements with certain channel partners
  • ! Historical negative cash flows from investing and financing activities
  • ! Potential liability from software defects causing operational disruption
  • ! Exposure to intellectual property infringement claims from open-source integration