loader2
Partner With Us NRI

Details you don’t want to miss

Issue size

Upto Rs. 1100 cr

Issue Period

Dec 21 - Dec 23, 2021

Price band

Rs. 205 to Rs. 216

Market lot / Multiples

69 shares

Issue Timeline

Bidding period

Dec 21 - Dec 23, 2021

Allotment

Dec 28, 2021

Refund Initiation

Dec 29, 2021

Share Crediting

Dec 30, 2021

Listing

Dec 31, 2021

CMS Info Systems Ltd Company Overview

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.

Read More

30 second IPO overview

Ask Our Analyst

Please enter valid captcha

Expert Review Video

Strengths & Risks associated

Top 0 Strengths

  • 1

    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).

  • 2

    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).

  • 3

    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.

Top 0 risks

  • 1

    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.

  • 2

    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.

Financials

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

Net Worth

Total Income

Total borrowings

Profit for the Year

Basic Earning per Share (EPS)

Industry Trends

Past performance of IPOs

Why invest in IPO through ICICIdirect

Paperless Applications

Hassle-free refunds

Convenient investments within a few clicks

Multiple modes of application

FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.