noscript

News

 
 
CMS Info Systems IPO subscribed 66%
22-Dec-21   17:31 Hrs IST

The initial public offer (IPO) of CMS Info Systems received bids for 2,47,38,294 shares as against 3,75,60,975 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (22 December 2021). The issue was subscribed 0.66 times.

The issue opened for bidding on 21 December 2021 and it will close on 23 December 2021. The price band of the IPO is fixed at Rs 205-216 per share. An investor can bid for a minimum of 69 equity shares and in multiples thereof.

The IPO consists of offer for sale (OFS) comprising of Rs 1,100 crore. Post issue, the promoter shareholding will decline to 65.59% stake from 100%.

Ahead of the IPO, CMS Info Systems on Monday, 20 December 2021, finalized allocation of 1,52,77,777 equity shares to anchor investors at an allocation price of Rs 216 per share, aggregating to Rs 3,29,99,99,832.

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 2021, as well as one of the largest ATM cash management companies worldwide based on number of ATM points as of March 2021. India is the third largest ATM market in the world based on the number of installed ATMs.

For FY2021, total currency throughput of the company, or the total value of the currency passing through all its ATM and retail cash management businesses of the company, amounted to Rs 9,15,886 crore. The business includes installing, maintaining, and managing assets and technology solutions on end-to-end outsourced basis for banks under long term contracts. CMS Info Systems also caters to broad set of outsourcing requirements for banks, financial institutions, organized retail, and e-commerce companies in India.

The company reported a consolidated net profit of Rs 84.47 crore and sales of Rs 626.29 crore in the five months ended August 2021.

Powered by Capital Market - Live News

Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades.
Copyright © 2016 All rights Reserved GOODWILL
Designed, Developed and content powered by CMOTS Infotech ( ISO 9001:2015 certified )
Filing complaints on SEBI Complaint Redress System (SCORES)
– Easy & quick
  • Register on SCORES portal
  • Mandatory details for filing complaints on SCORES:
    • Name, PAN, Address, Mobile Number, E-mail ID.
  • Benefits:
    • Effective communication
    • Speedy redressal of the grievances.
You can file complaints on SCORES through https://scores.gov.in/scores/Welcome.html