CMS Info Systems IPO – Dec 21 to 23

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CMS Info Systems IPO – Dec 21 to 23

December 17, 2021
CMS Info Systems IPO – Dec 21 to 23

CMS Info Systems is coming out with a fresh public issue to raise Rs 1100 crores from the market.

Key details of the issue:

  • Issue opens – Dec 21 (Tuesday)
  • Issue closes – Dec 23 (Thursday)
  • Issue size – Rs 1100 crores
  • Price band – Rs 205 to 216 per equity share
  • Bid lot – 69 shares and in multiples thereof

And here are some details of the company and further details on the CMS Info Systems issue.

Company details:

CMS Info Systems Limited (“CMS”) was incorporated on March 26, 2008. CMS is India’s largest cash management company based on number of ATM points and number of retail pick-up points, as well as one of the largest ATM cash management companies worldwide based on number of ATM points as of March 31, 2021 .

For Fiscal Year 2021, their total currency throughput, or the total value of the currency passing through all of their ATM and retail cash management businesses, amounted to ?9,158.86 billion.

·       Company’s business includes installing, maintaining and managing assets and technology solutions on end-to-end outsourced basis for banks under long term contracts.

·       CMS operates their business in 3 segments:

1)    Cash management services: which includes end-to-end ATM replenishment services; cash pick-up and delivery; network cash management and verification services

2)    Managed services: which includes banking automation product sales, deployment and associated annual maintenance; end-to-end Brown Label deployment and managed services for banks

3)    Others: which includes end-to-end financial cards issuance and management for banks and card personalisation services

Company’s cash management business is largely route-based in nature and managed services business on the other hand is largely recurring in nature

As on August 31, 2021, company has pan-India fleet of 3,965 cash vans and the network of 238 branches and offices which cover all of India’s states and union territories, except remote union territory of Lakshwadeep. Also, through their network, CMS served more than 141,977 business points across their ATM cash management, retail cash management and managed services businesses.

CMS is also supported by their Promoter-Sion Investment Holdings Pte. Ltd, which acquired the company in 2015 and is an affiliate of Baring Private Equity Asia, a private equity firm that has over US$27 billion assets under management as of June 30, 2021.

Issue size: Rs 1,100 crores


Issue break-up:

  • QIB – 50% of the offer – Rs 550 crores
  • NIB – 15% of the offer – Rs 165 crores
  • RET – 35% of the offer – Rs 385 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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