Posted on Friday, December 22, 2017
CMS Info Systems is India’s largest cash management company based on number of ATM points and number of retail pick-up points as of March 31, 2017. CMS is also the fifth largest ATM cash management company worldwide based on number of ATM points as of December 31, 2016. For Fiscal Year 2017, the Company’s total currency throughput, or the total value of the currency passing through all of our ATM and retail cash management businesses, amounted to Rs 7,290 billion. CMS provides a wide range of services across each stage of the cash cycle in India, from when the RBI initially deposits cash in branches of selected banks, to when cash is deposited back in banks after going through the various stages of the cash cycle. These include cash management services such as ATM services, cash delivery and pick-up and network cash management services (together known as “retail cash management services”); Managed services, which involves sale of ATMs and ATM sites and related products and maintenance services; and Others, which include trading in card and card personalization services.
CMS Info is expected to come with its secondary offer in primary market by mid Jan 2018 via OFS mode. It has already received SEBI node. Company hopes to raise around Rs. 1000-1200 crore with its offer for sale of 44400000 equity shares of Rs. 10 each.
BRLMs to this offer are Kotak Mahindra Capital, Axis Capital and UBS Securities. Link Intime is the registrar to the issue.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.
(SEBI registered Research Analyst-Mumbai).
About Dilip Davda
Dilip Davda (SEBI registered Research Analyst-Mumbai), a freelance journalist for more than 25 years, is a stock market analyst and news article writer. Since 1985, he has contributed to print media, electronic media and often appears on TV channels as visiting stock analyst. His articles are regularly publishes in Smart Investment (English and Gujarati weekly published from Ahmedabad), Free Press Journal and many other news papers & magazines. He is also a visiting stock analyst on DD News TV Channel.
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