CMS Info Systems Limited IPO

CMS Info Systems Limited, a cash management company, is set to open for IPO subscription on December 21 and close on December 23, 2021. The price band is fixed at Rs 205-216 per equity share. 

The company plans to raise Rs 1100 crore through the initial public offering (IPO). The public issue comprises of only Offer For Sale of equity shares aggregating to Rs 1100 crore . The face value each equity share is Rs 10. 


Company Summary

CMS Info Systems Limited is India’s largest cash management company based on number of ATM points and number of retail pick-up points as of March 31, 2021, according to Frost & Sullivan. The company’s business is engaged in installing, maintaining and managing assets and technology solutions on end-to-end outsourced basis for banks under long term contracts.

The company’s integrated business platform is supported by customised technology and process controls, which enables them to offer their customers a wide-range of tailored cash management and managed services solutions, while generating cross-selling opportunities and driving synergies and efficiencies across our business.

CMS caters to broad set of outsourcing requirements of Banking, Financial Services and Insurance (BFSI) sector, organized retail and e-commerce companies in India. The company operates their business in three segments: cash management services, managed services and others such as card personalization services, which accounted for 68.61%, 27.88% and 3.51%, respectively, of the company’s revenue from operations in fiscal year 2021.

As of August 31, 2021, it has a network of 3,965 cash vans and 238 branches and offices across India.


Company Strengths

  • Leading player in consolidating market with strong fundamentals.
  • Pan-India footprint with deep penetration in growing markets.
  • Integrated business platform offering a broad range of services and products.
  • Long-standing customer relationships leading to increased business opportunities.
  • Robust systems and processes to manage and scale up an operationally complex business.
  • Experienced management team and highly qualified professionals with in-depth industry knowledge and expertise. 


Company Financials

Particulars

For the period ended (Rs in crore)

Apr-Aug FY22

FY21

FY20

FY19

Total Assets

1578.09

1611.81

1332.74

1092.70

Total Revenue

629.72

1321.92

1388.29

1159.32

Profit After Tax

84.47

168.52

134.71

96.14

Company promoters

Sion Investment Holdings Pte. Limited is the promoter of the company.


Purpose of the IPO

  • The company wants to carry out the Offer For Sale of equity shares aggregating up to Rs1100 crore and provide liquidity to selling shareholders.
  • The company wants to achieve the benefits of listing the equity shares on the stock exchanges and improve the company’s brand visibility.


IPO Details

IPO Opening Date

December 21, 2021

IPO Closing Date

December 23, 2021

Issue Type

Book Built Issue IPO

Face Value

Rs 10 per equity share

IPO Price

Rs 205 to Rs 216 per equity share

Market Lot

69 Shares

Minimum Order Quantity

69 Shares

Listing At

BSE, NSE

IPO Lot Size

Application

Lots

Shares

Amount (Cut-off)

Minimum

1

69

Rs 14,904

Maximum

13

897

Rs 1,93,752

IPO Allotment Details

CMS Info Systems IPO allotment date is Dec 28, 2021, and the expected return of refund is on Dec 29, 2021.

You can check your CMS Info Systems IPO allotment in BSE or Linkintime