CMS is India’s largest cash management company based on the number of ATM points and the number of retail pick-up points as of March 31, 2021, as well as one of the largest ATM cash management companies worldwide based on the number of ATM points as of December 31, 2020. CMS caters to a broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India. The company operates in three segments, namely- Cash management services, Managed services, and others. CMS’s integrated business platform is supported by customized technology and process controls, which enables the firm to offer theirs, customers, a wide range of tailored cash management and managed services solutions while generating cross-selling opportunities and driving synergies and efficiencies across the business.
The firm is all set to launch its initial public offering worth Rs 1100crores. The entire IPO is an offer for sale. The basic objective to float the IPO is to carry out an offer for the sale of equity shares by promoters aggregating up to Rs. 1100 Cr and to achieve the benefits of listing the equity shares on the stock exchanges.
Important dates of CMS Info Systems IPO
- Issue Open Date: — 21 Dec,2021
- Issue Close Date: — 23 Dec,2021
- Listing Date: — 31 Dec,2021
- Allotment Date:-28 Dec 2021
- Refund date:-29 Dec,2021
IPO reserved for investors are as follows:
- Retail investors:35 %
- Qualified institutional Buyers-50%
- High Net-worth Individuals-15-%
Investment Requirements for Retail Investors
- Minimum Investment- -14,904
- Maximum Investment: –193,752
Information on shares
- 1 lot size: –69 shares
- Price Band: –Rs 205 – 216
- Face Value: Rs10 per equity share
The firm has some competitive strengths like a Leading market player with strong fundamentals, a strong Pan-India network of 3,965 cash vans and 238 branches and offices, longstanding customer relationships with increased business opportunities, an Integrated business platform offering a range of products and services, and experienced and highly qualified management team. To add to its fundamental strength is good financial reports. The cash management company CMS Info System Limited has managed to earn an operating revenue of Rs 13,219.2 million in Fy2021. The cash management company earned a net profit of Rs 1685.23 million in Fy 2021 up by 25% from the net profit of Rs 1,347.09 million earned in Fy2020.
Competitive strength and good financial numbers on financial reports, does make the company a good choice for investment for the investors in the stock market. However, investors must know that every penny invested in the stock market is subject to market risk. Keeping the same in mind, investors must do their research before investing their money.