INSUBCONTINENT EXCLUSIVE:
CMS Info Systems fixed a price band of Rs 205-216 per equity share for the IPOShares of CMS Info Systems Limited on Friday listed with
nearly two per cent premium against its issue price of Rs 216
The leading cash management company is the last one to be listed on the stock exchanges in 2021
The stock listed at Rs 218.50 on the BSE, a premium of 1.2 per cent over the issue price of Rs 216
It further jumped 12.84 per cent to Rs 243.75.At the NSE, it made its debut at Rs 220.20, a premium of 1.94 per cent
The company commanded a market valuation of Rs 3,505.38 crore.CMS Info Systems Limited's Rs 1,100 crore initial public offering (IPO) was
subscribed 1.95 times by the end of its bidding process
The company had fixed the price band of Rs 205-216 per share for the IPO
The company raised Rs 330 crore from anchor investors ahead of its IPO.CMS Info Systems is the country's largest cash management company
in terms of the number of ATM points and retail pick-up points
On Monday, the company announced that it raised Rs 330 crore from anchor investors ahead of its IPO.As of August 31, 2021, CMS Info Systems
has a network of 3,965 cash vans and 238 branches and offices to cover all states and union territories across the country.The company is
engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, financial
institutions, organized retail and e-commerce companies in India.The business operates in three segments namely - cash management services,
managed services or banking automation product sales, common control systems, and software solutions, etc., and financial cards issuance for
banks and card personalization services.
