CMS Info Systems IPO GMP Today (24 DEC 2021)

BSE Code: CMSINFO

CMS Info Systems IPO issue opens on 21st December 2021 and closes on 23rd December 2021. The CMS Info Systems IPO issue has a price band of ₹205 to ₹216 per equity share.

The Company acquired Securitrans India Private Limited in the year 2011 putting its position as the leading cash management company in India. In the year 2015, Sion Investment Holdings Pte Limited acquired a 100% stake in CMS Info Systems. It offers a single point of reference all over India for its operations.

CMS Info Systems manages the entire flow of money for 133,000 business points that it serves day to day. For FY2021 the total value of the currency passing through all its ATM and retail cash management businesses was Rs. 9,158.86 billion. CMS Info Systems installs, maintains, and manages assets and technology solutions on an end-to-end outsourced basis for banks under long-term contracts.

The Company has managed services and is largely recurring in nature with 52.45% and 65.80% of revenue in FY2021. The data till August 31st, 2021 shows CMS served 141977 business points across its ATM cash management and other related services.

It has a market share of almost 25% considering the number of ATMs in India. The leading banks it caters are Axis Bank, ICICI Bank, and HDFC Bank.

The Company has put a price band of  ₹205 to ₹216 per equity share. The IPO closed on 23 December.

DATE GMP KOSTAK SUBJECT TO SAUDA
24-12-2021 ₹5
23-12-2021 ₹35
22-12-2021 ₹35
21-12-2021 ₹35
20-12-2021 ₹30
19-12-2021 ₹30

The Company has come up with its IPO for funding the working capital requirements n  expanding the production and distribution network.

CMS Info Systems IPO Details

  • Face Value  :  ₹10 per equity share
  • IPO price Band  :  ₹205 to ₹216 per equity share
    Issue Size  :  ₹1100 Cr
  • EPS  :  ₹9.56
  • RoNW  :  15.99%
  • QIB shares offered  :  50% of the net offer
  • Retail shares offered  :  35% of the net offer
  • HNI shares offered  :  15% of the net offer
  • Listing  :  BSE and NSE
  • DRHP Prospectus  :  https://www.sebi.gov.in/filings/public-issues/aug-2021/cms-info-systems-limited-drhp_51874.html

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