CMS Info Systems Listing: Shares of CMS Info Systems, the country’s largest cash management company in terms of number of ATMs and retail pick-up points, started weak today.
CMS Info Systems Listing: Shares of CMS Info Systems, the country’s largest cash management company in terms of number of ATMs and retail pick-up points, opened on a weak note today. Its shares were listed on the NSE at a premium of just 1.94 per cent compared to the issue price. The issue price for its IPO was Rs 216, while on NSE it was listed at Rs 220.20 with a gain of 1.94 per cent and on BSE also at a premium of just 1.16 per cent i.e. Rs 218.50. The Rs 1100 crore IPO of CMS Infosystems was purely offer for sale and was subscribed 1.95 times.
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Details about the company
- CMS Info Systems is the largest cash management company in the country in terms of number of ATMs and retail pick-up points as per the data available as on March 31, 2021.
- The company’s job is to install, maintain and manage assets and technology solutions for banks, financial institutions, organized retail and e-commerce companies in the country.
- Its business is spread across three segments- Cash Management Services, Managed Services such as Banking Automation Product Sales, Common Control Systems and Software Solutions etc. and others such as Financial Card Issuance for Banks and Card Personalization Services.
- As of 31 August 2021, its network includes 3965 vans and 238 branches and offices across the country.
- Talking about the company’s financials, its net profit (Profit After Tax) has increased continuously in the last three financial years. The company’s net profit in the financial year 2019 was Rs 96.14 crore, which increased to Rs 134.71 crore in the next financial year 2020. The company’s net profit increased to Rs 168.52 crore in the last financial year 2021.
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