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CMS Info IPO by Mid Jan 2018

Published on Friday, December 22, 2017 by Dilip Davda

CMS Info IPO by Mid Jan 2018

About CMS Info Systems

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 IPO Update (Offer for Sale OFS)

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.

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About Author

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. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. 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, a freelance journalist

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.


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