CMS Info Systems IPO: CMS Info Systems, a company that handles cash management for banks, has been subscribed 1.93 times on the last day of IPO subscription. Retail quota has been subscribed 2.11 times, non-institutional investors quota 1.45 times and QIB quota 1.98 times. let you know CMS Info Systems Its IPO is trading at a premium rate of 16 per cent in the gray market.
The IPO of CMS Info Systems was open on December 21. The company plans to raise Rs 1100 crore through IPO. The company is one of the largest companies in the country in its segment. The company is not only giving profit but the good thing for the investors is that the company does not have any outstanding debt.
company price band
The IPO of CMS Info Systems was open from 21 to 23 December. The company has fixed a price band of Rs 205 to 216 per share. The company’s shares will be listed on BSE and NSE. It is believed that in the new year 2022, the company’s shares may be listed on the stock exchange.
Works to fill cash in ATM
CMS Info Systems does the work of cash management in ATMs for banks across the country, as well as from ATM installation to maintenance. CMS Info Systems is the country’s largest cash management company based on ATM points and retail pickup points. Along with 3911 cash vans, the company has 224 branches across the country as of March 2021.
Impact of promoting digital transactions
Talking about the financial performance of the company, the company’s revenue from operations has increased by 6.7 percent annually to 1306 crores and the company’s profit has been Rs 168.5 crores. The biggest risk for the company is the government and RBI’s focus on cashless transactions in the long run, which may affect the company’s business.
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