Today, we are going to give you a CMS Info Systems IPO review of the CMS Info System company. They have officially announced that they will issue their IPO shares on December 22 and will close on December 23, 2021. So, we have sources here to know what the company has been planning for offering shares in the share market. As per the sources, the company is likely to be raised around ₹1100 crores through IPO and offer for sales up to ₹1100 crores with the face value of ₹10 each.
The company hasn’t revealed that how many shares they will comprise. But still, they will give a 35% quota for retail investors while QIB is 50% and HNI is 15%. Now, next, we are going to show you the company’s strength and their background.
CMS Info Systems IPO Review & Details
CMS Info System Ltd (CMS) is a private corporation that is India’s largest cash management company which is based on a number of ATM booths as well as the number of retail pick-up points since March 31, 2021.
The company has a large network of tailored cash management and managed service solutions. The facility includes ATM network management, retail management as well as managed services.
CMS takes care of the whole system and management of money for the 133,000 merchandise points that it serves per day.
The process begins, when the RBI deposits cash in the vault of the Bank, and then the cash is deposited back in Banks. Let’s get to the CMS Info Systems IPO Details, Review, and some more aspects.
CMS Info Systems IPO Dates, Price Band, & GMP
Here, we are going to talk about CMS Info Systems IPO Dates, Price Band, & GMP because uncounted people eagerly searching for these terms.
You just need to stay on the same page to gain all the information that help you to know some key details of this IPO. Let us tell you that CMS Info Systems IPO GMP is not started yet but we will update our page when the IPO opens for everyone.
| IPO Opening Date | Dec 21, 2021 |
| IPO Closing Date | Dec 23, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹205 to ₹216 per equity share |
| Market Lot | 69 Shares |
| Min Order Quantity | 69 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹1,100.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹10 (aggregating up to ₹1,100.00 Cr) |
| QIB Shares Offered | No more than 50% of the offer |
| Retail Shares Offered | No less than 35% of the offer |
| NII (HNI) Shares Offered | No less than 15% of the offer |
CMS Info Systems IPO Market Lot Size
The CMS Info Systems IPO Market Lot Size is 69 shares. A retail-individual investor can apply for up to 13 lots (897 shares or ₹193,752).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 69 | ₹14,904 |
| Maximum | 13 | 897 | ₹193,752 |
CMS Info Systems IPO Date, Time Table, Allotment & Listing
The IPO Open Date is Dec 21, 2021, and the close date is Dec 23, 2021. The issue may list on Dec 31, 2021.
| IPO Open Date | Dec 21, 2021 |
| IPO Close Date | Dec 23, 2021 |
| Basis of Allotment Date | Dec 28, 2021 |
| Initiation of Refunds | Dec 29, 2021 |
| The credit of Shares to Demat Account | Dec 30, 2021 |
| IPO Listing Date | Dec 31, 2021 |
CMS Info Systems Company Financial Report
| ₹ in crores | |||
| Income | Expense | Profit After Tax | |
| 2019 | ₹1159 | ₹1009 | ₹96.14 |
| 2020 | ₹1388 | ₹1192 | ₹134.71 |
| 2021 | ₹1322 | ₹1084 | ₹168.52 |
Let’s come to the conclusion, the company have a wide range of network of ATM points and they have also potential for the future market. If we look at their financial reports, They have earned stability in revenue for the last three years.
It seems that the company has planned for the best subscription to investors. In a simple way, the investors who are seeking long-term investment might be beneficial to invest in. Now, we are done CMS Info Systems IPO Review here. we will give you more IPO reviews of the companies as soon as possible. Keep supporting us on our official site All Social Updates.