One of India’s largest cash management companies, CMS Info Systems, gathered Rs. 330 crores from anchor investors in the exclusive pre-IPO round. This company confirmed an allocation of 1,52,77,777 shares at Rs. 216 apiece to these investors. More details of this IPO and the anchor investment round are given below.
Anchor investors who invested in the round are:
Know About the Company
CMS Info Systems Ltd. is a leading cash management company. This company installs, manages and maintains assets for banks, financial institutions, e-commerce and retail companies.
The business operates in cash management, card personalising services, and software solutions. This company has a network of 3,965 vans and 238 branches to cover the whole of India.
A Peek into the Company’s Financials
The financials of the company for the past three years are:
| Particulars | For the year ended (Rs. in millions) | |||
| 31 March 2021 | 31 March 2020 | 31 March 2019 | ||
| Total Assets | 16,118.10 | 13,327.38 | 10,927.04 | |
| Total Revenue | 13,219.21 | 13,882.94 | 11,593.19 | |
| Profit After Tax | 1,685.23 | 1,347.09 | 961.41 | |
Objectives of the IPO
The initial public offering of CMS Info Systems will be a pure offer for sale (OFS), and the company that plans to divest its shares is Sion Investment Holding Pte. Ltd. All the money raised on this IPO will go to the promoter company. There is no other reason for holding this initial public offering.
Details of the IPO are as follows:
| Details | Particulars |
| IPO Opens on | 21 December 2021 |
| IPO Closes on | 23 December 2021 |
| Issue Type | Book Built Issue |
| Listing at | National Stock Exchange, Bombay Stock Exchange |
| Face Value | Rs. 10 per equity share |
| IPO Price Band | Rs. 205 to Rs. 216 per equity share |
| Market Lot | 69 shares |
Bottom Line
CMS Info Systems Ltd. has a strong pan-India presence and is among the leading market players with strong basics. This company has an experienced team at the helm of its integrated business platforms. Therefore, watch out keenly for the performance of this IPO.
Frequently Asked Questions
Ans. Post this initial public offering, the promoter holding will come down to 65.59%.
Ans. Any retail investor can invest in a maximum of 13 lots which is a total of 897 shares.
Ans. The IPO listing date is on 31 December 2021.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.
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