CMS Info Systems Limited IPO Message Board (Page 4)

All efforts made by the interested persons to get it listed at issue price succeeded. Now, we will have to see where it will be at the end of the day.

BUYERS OUTSTRIP SELLERS. DONT GO FOR PANIC SELLING.

217 nse
219 bse

Last listing of the year’CMS Info”, placed sell order at 432 if sold come down I will buy again.

Not applied.

However, placed two buy orders @ 202 & @206.

https://www1.nseindia.com/live_market/dynaContent/live_analysis/sml/smlOrderBook.jsp?param=CMSINFOEQG&symbol=CMSINFO

Listing @200

it should be list with atleast 15 % gain .
Let see.

RATEGAIN LIKE LISTING POSSIBLE

CMS Info Systems Listing Preview:
Expected to list near issue price of 216
Long Term Investors can HOLD it as an Investment Stock.

@anil singhvi view

SGX Nifty 100+++

Greetings Investors!

While this is not related to CMS IPO whose synopsis we''ve already shared in a separate post earlier, we would like to highlight how social media marketing tries to woo, misinform, and misdirect naive investors. For lack of a better place, we are posting it here.

We are sure a lot of you must have heard of SNAPDEAL preparing to come out with its IPO. We were able to get this information from highly credible sources that Snapdeal has started running an online campaign to garner public sentiment in favour of its IPO. Certain keywords like ''Bharat'', ''Value Shopping'', ''Value Ecommerce'' etc. have been specifically assigned to be used by paid influencers on Youtube etc. to set the campaign ball rolling and trend it online. So if you see these keywords getting used by certain Youtubers, you should know not to fall into this trap and avoid it like plague.

BE AWARE! THIS IS ANOTHER PIECE OF JUNK IN THE GUISE OF A JAMBOREE!

Best Wishes & Happy Investing!

Online booking of oyo room never required to me advance payment i always booked pay at arrival so always option to cancelled also destination from all area in k.m. there ....

Why jump the gun and arrive at premature conclusions, what if the IPO is well priced and they leave something on the table for everyone

CMS Info Systems Limited IPO

Positives -
1) India''s largest cash management company based on the number of ATM points and the number of retail pick-up points. It has a market share of 24.70% based on total number of ATMs and 41.10% based on the total number of outsourced ATMs in India. It is also one of the largest ATM cash management companies worldwide.
2) Operates on an asset-light model and is a virtually debt-free company.
3) It''s revenue is mainly recurring in nature due to long-term contracts and as banking penetration keeps on increasing, revenue is expected to grow further.
4) The company is looking for a market cap of Rs 3196.80 cr which is almost half of what they were targeting earlier this year. The average cost of acquisition of shares by the promoters/selling stakeholders is Rs 122.04 per share which further provides confidence.
5) EBITDA Margin has improved from 18.21% (FY19) to 24.31% (5mFY22) and Net Margin has improved from 8.29% (FY19) to 13.41% (5mFY22). EPS has improved from Rs 6.50 (FY19) to Rs 11.39 (FY21) and 5mFY22 EPS is Rs 5.7, which if annualized comes to Rs 13.68. The data shows consistent growth and improving margins.
6) PE ratio based on FY21 EPS comes to 18.96 and on FY22 annualized EPS, PE comes to 15.79 which is very attractive.
Listed peer - SIS Ltd (Not exactly the right peer as SIS is more into security services) : PE - 20.21
Unlisted peer - AGS Transact Technologies (Unlisted market valuation cannot be taken at face value) : PE - 35+
7) Professional management.

Negatives -
1) Full OFS issue.
2) There are outstanding legal proceedings - against the Company, Directors, Subsidiaries, and the Promoter amounting to Rs 761.14 million and by the Company, Directors, Subsidiaries, and the Promoter amounting to Rs 2079.76 million.

Opportunities -
1)This sector had seen a dip during demonetization and slower growth rate during pandemic period but there is a silver lining. India is the 3rd largest ATM market with a penetration of 22 ATMs per 1 lakh of population whereas world average is 47 ATMs per 1 lakh of population. There is a huge scope for growth.      

Risks -
1) Top three customers in terms of revenue contributed 44.59%. Any breakdown in long term relationships with its top customers will negatively impact the company.
2) The Promoter has availed a US$60 million offshore loan facility dated August 14, 2017 and the holding company of the Promoter has pledged all of its shareholding in the Promoter as security. A default by the Promoter may result in an invocation of the relevant pledges on the Promoter’s shares, which could cause an indirect change in control of the Company and trigger an open offer requirement under the Takeover Regulations.
3) The company needs to invest heavily in innovation and digitization as the Indian Gov is putting its weight behind Digital Transactions. The company may have no significant risk in the coming 5-7 years as cash circulation is increasing in India every year but for long term survival, digitization and technological innovation is necessary to survive. Currently even developed economies like USA have not been able to forgo cash dependence.
4) Contingent liabilities - Rs 561.60 million

Summary - The company is very attractively priced in a sector which is slated to grow at a CAGR of 16.58%. For fundamental investors, this is a good stock for long-term. Looking at the market volatility, the only question is will it be beneficial to buy from primary market or wait for it to settle down after listing and look for an opportunity in secondary market.
Personally, i''ll submit my retail applications and take a decision on hni application based on the subscription figures on the last day according to my risk appetite.

@lokes Thanks sir 😃.....I love simplifying the info on companies and analyzing it....not an expert, just expressing my view.

@gopal Thanks for reverting back.....Kindly provide a link to the service and any other relevant info. I would like to check it out.

@Mog-- Good Work Sir ji... Keep it up..

The Crow Verdict: I have an uncle (early 50s) who only pays by cash - for everything from his bimonthly haircut to Sambhaji bidi to holidays. He handles about 2 dozen demat accounts and files for each IPO through physical forms. It baffled me so I asked him why. He says he has 0 trust in online payments. I told him most of them like UPI are free but even then he swears by his "hari patti". Even in Nov 2016 and Mar 2020, he only dealt in cash, and by the looks of it, he will continue to do so till he dies. His son (late 20s) has somewhat shown progress and deals online too. But he refuses credit and only uses a debit card (which is like a plastic remote control for "rokda"). Yet, about 10-15% of his transactions are online. Rest is cash.

This somewhat translates to India''s cozy relationship with "Georgekutty", a slang for cash in Malayalam language. Despite DeMon and the first wave Covid-19 pandemic, less than 90% of transactions in India were by cash. Take a minute to think about this. If UPI and other cashless transactions were to overthrown cash, it would have at least made headway over the last 4 years. Nothing happened, so all of us are going to continue to have a romantic relationship with cash for the foreseeable future. Handling cash is somewhat of a delightful feeling, no? Especially those notes that are fresh, crisp out of an ATM machine...

You should then thank CMS Info Systems for those crispy notes. And RBI too. Being the largest cash management company in India, you would think CMS is an obvious bet. Sure, it handles about 25% of ALL ATMS in the country, which is the 3rd largest ATM market in the world. Ironically, India also has one of the lowest ATM penetration in the world. A company like CMS should then mint money in the long run.

Not so much, though. After the arrival of digital payment systems, cash has lost its sheen. The effect is even worse on the stock market where you judge a company by its future outlook. Unfortunately, cash management as a business is not so appetizing. With the idea of a digital currency being floated by RBI, the concept of cash points catching up and just around the corner, and heavy regulation to how ATMs are handled, the future prospects of CMS and its ilk look dim. It''s not like RBI is getting listed, mind you. Of course, the company is debt-free (unlike its listed peer), has good +ve cash flow, good margins, and an average offer valuation with a P/E and P/B of about 19 and 3 respectively. Yet, it is not enough.

This is a pure OFS so all the "cash" will go to the investors'' pockets (jokingly which should be in our banks'' ATM machines). Promoter holding will be down from 100% to 66% and that''s a steep drop that does cast some doubts in my mind.

All of these don''t inspire me much to invest in CMS. More so when you consider its closest peer, Prosegur. Prosegur in India is a JV between the Spanish company (world''s largest cash management company) and SIS. So SIS Prosegur is the competitor which had a market share of about 30% back in 2014, 3 years before it listed on the bourses. A year later, CMS was fully bought by Sion Investment Holdings (Singapore) and within 6 years managed to take the lead. This shows that CMS is better equipped than SIS Prosegur, which had a decent IPO in 2017. It was well subscribed and gave investors a very short-lived, small listing pop. Since then the stock has split (1:2) and it is now trading at about only 11% from its listing price. Not so great performance, and even worse when you adjust for inflation.

That story just gives me the reverse pangs. I am no longer hungry for this IPO. Being the last IPO of calendar year 2021, you would want to join the euphoria but I don''t see any listing gains on this as of now. Neither do I see any marvellous recovery in the long run. The GMP plummeted from a high of 42 to 5 and that''s alarming.

For a 20-year bet, CMS will be a good counter. It will perform better than SIS stock for 2 reasons: 1, SIS is majorly a security company and its cash management is only a small part so you can''t compare; 2, its financials are weaker than CMS. But considering the market sentiments, the GMP fall, and most importantly, the fully priced offer, this can be avoided. You may do bottom fishing after it lists.

I will wait till 3 PM to see subscription figures and if QIB and Total is above 3X, will apply so that I get a max of 1 lot in retail just to join the year-end market euphoria tradition. There is a tad chance of discount listing so you should be prepared with a stop loss strategy. If subscriptions don''t improve, this IPO is as good as an ATM machine with a cardboard stuck to it that says "ATM out of order".

Red flags - 4 out of 11. Keep crowing!

@Admin, Why does my reply to this thread not appear? When I click on my username it takes me to this thread but can´t see my post made on 23 dec
By the way, nice write up Crow

EXCELLENT ANALYSIS. HATS OFF YOU

Dear All,

This message is Not to create any Panic but to advice to be watchful and careful for taking any swift actions if needed for those who are dealing with RBL bank accounts especially for IPOs, may be having higher exposure.

Please be aware and watchful about very recent developments in the market related to RBL bank..

- RBI appointed a independent Director to monitoring
- Friday existing CEO quits on long leave
- AIBEA is demanding to merge RBL with any state''s bank to protect depositors and shareholders.

Many quick developments within two days and all looks negative at least for now, and hence, observe every development closely and take appropriate measures to safeguard hard earned money, if necessary.

Thank you..

As i remember @mravi has a big exposure in Rbl bank... And few other members of this forum also having there hard earn money in it because of that higher saving ac intrest rate..
And yes i do remember last month we had a long conversation about the high saving ac interest rate for our idle funds... I cleared my view that time i would prefer healthy balance sheet and security of my funds rather than 1 or 2% extra interest rate in this uncertain time.

Hmm I too heard the news. So guys be aware of your hard money.

Campus activewear files draft paper for IPO.

I heard the below ipo‘s will come in Jan’22:-
1. Rainbow children’s hospital
2. Adani Wilmar Limited
3. Ruchi soya

And many more. Let’s wait for the same.

Rainbow has just filed DRHP. Ruchi Soya has not got SEBI nod so far

NSE active client base grows from nearly 1.1 crore in March 2020 to nearly 3 crore by November 2021

NSE active clients                  2,99,27,988
      
      
Zerodha Broking                        54,84,447
Rksv Securities                        42,61,522
Angel Broking                         28,61,515
Nextbillion Technology                  26,71,173
ICICI Securities                   26,05,215
5Paisa Capital                         13,36,132
Kotak Securities                   10,65,692
HDFC Securities                        10,37,145
IIFL Securities                         7,98,795
Motilal Oswal Financial Services      7,67,316
Sharekhan                        7,60,033
Axis Securities                        4,18,860
Sbicap Securities                  4,04,143
Paytm Money                        2,95,427
Geojit Financial Services            2,33,244
Fno India Securities                  2,14,839
Edelweiss Broking                  1,81,029
Religare Broking                  1,56,673
SMC Global Securities            1,56,378
Alice Blue Fin Svcs                  1,47,304
Choice Equity Broking            1,38,186
Nirmal Bang Securities             1,31,900
Marwadi Shares & Finance      1,23,516
Reliance Securities                  1,20,336
Ventura Securities                  1,16,487
Anand Rathi Share & Stock Brokers      1,00,753
Fyers Securities                   92,386
Jainam Share Consultants            86,062
SAMCO Securities                   79,878
Tradebulls Securities                   71,818
Profitmart Securities                  66,763
Aditya Birla Money                   65,752
Swastika Investmart                  64,937
NJ India Invest                         64,150
Finwizard Technology                  62,101
IDBI Capital Markets & Securities      60,283
Monarch Networth Capital            58,902
JM Financial Services                  54,916
SHCIL Services                         54,876
Master Capital Services                  54,297
Dhani Stocks                         51,089
Bonanza Portfolio                   50,005
Bajaj Financial Securities            45,330
Jhaveri Securities                  45,006
Globe Capital Market            44,891
Sushil Financial Services            44,496
VNS Finance & Capital Services            44,308
Integrated Enterprises                   43,360
Astha Credit & Securities            42,158
Arihant Capital Markets                  41,350
Prabhudas Lilladher                   38,147
Goodwill Wealth Management      36,401
Suresh Rathi Securities                  35,673
Shri Parasram Holdings                  34,172
LKP Securities                         33,644
Way2Wealth Brokers                  29,053
ACML Capital Markets                  28,732
Shriram Insight Share Brokers            28,408
Econo Broking                         26,876
Yes Securities                         25,292
Asit C Mehta Investment Interrmediates      23,452
KIFS Trade Capital                  23,060
Prudent Broking Services      20,983
South Asian Stocks                  20,906
Navia Markets                        20,526
      
      

Capillary technologies India files draft papers
to raise 850 cr through public issue.
Fresh issue 200cr
Ofs 650 cr

With this subscription, what is chance of allotment for retailers?

Every 1 application out of 1.97 application to get an allotment.