All that you should know about the Company before applying for the IPO.
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.
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:
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.
Sion Investment Holdings Pte. Limited
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 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)|
₹ 550 Crore
(50% of Issue Size)
₹ 165 Crore
(15% of Issue Size)
₹ 385 Crore
(35% of Issue Size)
|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|
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