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CMS Info Systems Ltd

CMS Info Systems Ltd

Price Range (₹)

Rs. 205 to Rs. 216

Issue Size (₹ in Cr.)

Upto Rs. 1100 cr

Minimum Quantity

69 shares

Bidding Period

Dec 21 - Dec 23, 2021

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Strengths & Risks
30 second IPO
overview
Research Rating
Financials
Industry Trends
Key Strategies
Steps to Apply
Expert Review Video

About the CMS Info Systems Ltd

India’s largest cash management company based on number of ATM points and number of retail pick-up points as of March 31, 2021. (Source: Frost & Sullivan).

Cater to broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India.

Operate business in three segments: cash management services, managed services and others.

Strengths

Leading player in a consolidating market with strong fundamentals

Despite India having one of the lowest ATM penetration rates in the world, India is the third largest ATM market in the world based on number of installed ATMs, after China and the United States, and is expected to grow at a CAGR of 6.16% from 255,000 as of March 31, 2021 to 365,000 as of March 31, 2027. (Source: Frost & Sullivan ; Company DRHP).

Pan-India footprint with deep penetration in growing markets

As of March 31, 2021, of the total number of ATM points the cash management business serviced, 22.61% were metro, 15.48% were semi-metro and 61.90% were semi-urban and rural (Source: Company DRHP).

Longstanding customer relationships leading to increased business opportunities

In the ATM cash management business, the company has had relationships with six of the 12 largest MSP customers for more than ten years. In the retail cash management business, there are relationships with their nine largest customers for more than 10 years.

Risks

Business is highly dependent on the banking sector in India

Any adverse development with respect to Indian banks that adversely affects their utilisation of and demand for cash management services or their deployment or utilisation of ATMs could have an adverse effect on the business of CMS Info Systems.

Business is exposed to operational risks for which they have incurred and expect to continue to incur risk costs and penalties

Exposed to various operational risks- including armed robbery, end-customer or third-party fraud, theft or embezzlement by employees or personnel provided by third-party service providers and third-party security service providers.

30 second IPO overview

20 Dec 2021 ICICI Securities

EXPERT REVIEW VIDEO

Expert Review Video

20 Dec 2021 ICICI Securities

Financials

Net Worth
Total Income
Total borrowings
Profit for the Year
Basic Earning per Share (EPS)

Industry Trends

Cash usage before and during Covid-19

Covid-19 has resulted in a shift in cash usage, with consumers withdrawing bigger sums from ATMs. The average withdrawal size has increased by over 20% compared to the period immediately preceding Covid-19 as people choose to withdraw larger amounts of cash for stockpiling (Source: Company DRHP).

A comparison of India's ATM penetration with other countries

India has one of the lowest ATM penetration rates in the world, with only 22 ATMs per 100,000 individuals, compared to a global average of 47 ATMs per 100,000 individuals.

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Select IPO

Choose the IPO you want to apply from the list. Click on Apply.
Fill in the required details

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Confirm your request

Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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