CMS Info Systems IPO: The IPO of CMS Info Systems, the country’s largest cash management company by number of ATMs and retail pick-up points, will open next week.
CMS Info Systems IPO: The IPO of CMS Info Systems, the country’s largest cash management company by number of ATMs and retail pick-up points, will open next week. Investors will be able to invest money in this IPO of Rs 1100 crore from December 21 to 23. The company has fixed a price band of Rs 205-216 per share to invest in this IPO. This issue is purely of Offer for Sale (OFS) i.e. no new equity shares will be issued under it. Sion Investments had bought 100% stake in CMS in 2015.
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CMS Info Systems IPO Details
- The Rs 1100 crore IPO of CMS Info Systems will be open from December 21 to 23.
- No new equity shares will be issued under this issue.
- To invest in this IPO, a price band of Rs 205-216 per share has been fixed.
- The lot size is of 69 shares i.e. according to the upper price of the price band, investors will have to invest at least Rs 17904.
- The face value per share is Rs 10.
- Under this issue, 50 per cent equity has been reserved for qualified institutional buyers (QIBs), 35 per cent for non-institutional investors (NIIs) and 15 per cent for retail investors.
- The allotment of shares can be finalized on December 28, while the date for listing has been fixed for December 31.
- The registrar of the issue is Link Intime India Pvt.
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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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