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Yeh IPO kya kahta hai? CMS INFO SYSTEMS LIMITED

All that you should know about the Company before applying for the IPO.

December 18, 2021     

The public issue of equity shares of CMS Info Systems Limited will open for subscription on December 21, 2021 and closes on December 23, 2021. It is expected to list on the stock exchanges on December 31, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.

Company Profile

Incorporated in 2008, it 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 31-Mar-2021. Its total currency throughput (i.e. the total value of the currency passing through all of its ATM and retail cash management businesses) amounted to ?9,158.86 billion, for Fiscal 2021. The Company caters to a broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India. Company’s business includes installing, maintaining and managing assets and technology solutions on end-to-end outsourced basis for banks under long term contracts.

The Company operates its business in 3 segments:

  • Cash management services – This includes end-to-end ATM replenishment services, cash pick-up and delivery, network cash management and verification services (together known as “Retail Cash Management services”), and cash-in-transit services for banks.
  • Managed services – This includes banking automation product sales, deployment and associated annual maintenance, end-to-end Brown Label deployment and managed services for banks, common control systems and software solutions, including multi-vendor software solutions and other security and automation software solutions, as well as remote monitoring for ATMs.
  • Others – This includes end-to-end financial cards issuance and management for banks and card personalization services.

It has pan-India fleet of 3,965 cash vans and network of 238 branches and offices, covering all of India’s states and union territories (97.04% of India’s districts and 77.46% Indian postal codes), except remote union territory of Lakshadweep, as of 31-Mar-2021. It has serviced 62,919 ATM points, through its ATM cash management services, and 40,249 retail pick-up points, in Fiscal 2021.

Who are the Promoters of the Company?

Sion Investment Holdings Pte. Limited

Positives about the Company

  • 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
  • Systems and processes to manage and scale an operationally complex business
  • Track record of strong productivity and operational excellence
  • Experienced and highly qualified management team that have successfully grown our business

Who are its key competitors?

  • SIS Limited
  • AGS Transact Technologies Limited
  • Radiant Cash Management Services Limited

Why is the Company going public?

The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.

IPO Details

IPO Size ₹ 1100 Crore
Offer Mix 100% Offer For Sale
Price Band ₹ 205 - ₹ 216
Lot Size 69 Shares (& in multiples thereof)
Face Value ₹ 10
Application Amount Min. ₹ 14,904 (1 lot) | Max. ₹ 1,93,752 (13 lots) [at upper price band]
Listing on NSE & BSE
Registrar Link Intime India Private Limited
Cut-off time for UPI Mandate Confirmation 24-Dec-2021 (up to 12:00 PM)

Category Wise Availability

QIB ₹ 550 Crore
(50% of Issue Size)
NIB ₹ 165 Crore
(15% of Issue Size)
Retail ₹ 385 Crore
(35% of Issue Size)

Indicative Issue Timeline

Activity Date
IPO Opens December 21, 2021
IPO Closes December 23, 2021
Finalization of the basis of allotment December 28, 2021
Unblocking of funds / Initiation of refunds December 29, 2021
Credit of equity shares to Demat accounts December 30, 2021
Listing of equity shares December 31, 2021
Source: Company RHP
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