The month of December 2021 is gearing up for an IPO Blast. Within a week’s time, a total of 7 IPOs were released, heating the market up with excitement. Going live in the third week of December 2021 is the IPO - CMS Info Systems Ltd, which we are going to discuss in this article. So, let’s learn more about the IPO below

• About the Company -

CMS Info Systems Limited is India's largest cash management company in terms of the number of ATM points and retail pick-up points as of March 31, 2021. The company’s Business includes installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, financial institutions, and organized retail and e-commerce companies in India. As of August 31, 2021, it has a network of 3,965 cash vans and 238 branches and offices to cover all of India's states and union territories.

• CMS Info Systems Ltd IPO details -

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this latest IPO viz - CMS Info Systems Ltd IPO date and it’s share price.

• CMS Info Systems Ltd IPO date -

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from 21st December, 2021 and will be available for subscription until 23rd December 2021

• CMS Info Systems Ltd IPO issue size -

The IPO will bring out a total offer for sale aggregating up to ₹1,100 crores.

• CMS Info Systems Ltd IPO share price

The price band of the company’s upcoming IPO is decided to be ₹205 to ₹216 per equity share

• CMS Info Systems Ltd IPO listing

Since the IPO of CMS Info Systems Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

• CMS Info Systems Ltd Strengths

1. Leading player in a consolidating market with strong fundamentals
2. Pan-India footprint with deep penetration in growing markets
3. Long Standing customer relationships leading to increased business opportunities
4. Integrated business platform offering a broad range of services and products
5. Systems and processes to manage and scale an operationally complex business
6. Track record of strong productivity and operational excellence
7. Experienced and highly qualified management team that have successfully grown our business

• CMS Info Systems Ltd Risks

1. A decrease in the availability or use of cash as the predominant mode of payment in India
2. Company’s business is highly dependent on the banking sector and  derives a substantial portion of revenue from a limited number of customers

• CMS Info Systems Ltd IPO objectives

The Company proposes to utilise the Net Proceeds towards funding of the following objects:

1. To carry out an offer for sale of equity shares by promoters aggregating up to ₹1,100 crores
2. To achieve the benefits of listing the equity shares on the stock exchanges

• CMS Info Systems Ltd IPO Portion Reservations

The offer is 50% reserved for QIBs (Qualified Institutional Buyers), 35% for Retail Investors, and the balance 15% for NIBs (Non-institutional Investors).

Conclusion

If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online Demat Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.

If you already have an existing account, you can  start your  online trading  and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs  2023 by regularly following our  IPO calendar.