IPO

CMS Info Systems Limited IPO Company Financials and Important Dates

CMS Info Systems Limited is one of the largest cash management companies in India. It serves its business in three segments. First line of business is cash management services. Second line of business is Managed Services and banking automation products. Third line of business is financial card issuance for banks. The company currently holds more than 3965 cash vans and 238 offices across the country.

IPO DETAILS

CMS Info Systems Limited IPO is set to launch on 21st Dec., 2021. The subscription timeline extends till 23rd Dec, 2021. The size for the IPO is 1100 Crore Rs.. No Shares are issued through Fresh Issue. Shares issued through Offer for Sale are worth Rs. 1100 Crore. The lot size is 69 shares and the price range is 205 Rs. – 216 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	21st Dec, 2021
CLOSING DATE FOR IPO	23rd Dec, 2021
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	205 Rs. – 216 Rs.
LOT SIZE	69 shares
MINIMUM ORDER QUANTITY	69 shares
ISSUE SIZE	1100 Crore Rs.
OFFER FOR SALE	1100 Crore Rs.
FRESH ISSUE	No shares for fresh issue
LISTING AT	NSE, BSE
LISTING DATE	31st Dec, 2021

IMPORTANT DATES

IPO OPENING DATE	21st Dec, 2021
CLOSING DATE FOR IPO	23rd Dec, 2021
IPO ALLOTMENT DATE	28th Dec, 2021
REFUNDS	29th Dec, 2021
DEMAT A/C CREDITED ON	30th Dec, 2021
IPO LISTING DATE	31st Dec, 2021

CMS Info Systems Limited IPO begins for subscription from 21st Dec, 2021. The IPO subscription would continue till 23rd Dec, 2021. The allotment status for the shareholders who applied would come on 28th Dec, 2021. The refunds for the ones who did not get allotment would be initiated on 29th Dec, 2021. The DEMAT accounts of shareholders would be credited on 30th Dec, 2021. The listing of the company would be accompanied on 31st Dec, 2021.

Lead Managers And Promoters

The promoter of the company is Sion Investment Holdings Pte. Limited.

The lead managers are :

JM Financial Consultants Private Limited
Jefferies India Private Limited
DAM Capital Advisors Ltd.
Axis Capital Limited

The minimum lot size for the company is decided at 69 shares. This holding accounts to 14904 Rs.. The maximum lot size is decided at 897 shares. This amounts to 193752 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	69 shares	14904 Rs
Maximum	897 shares	193752 Rs

OBJECTIVES FOR THE IPO

The funds can be utilised for General corporate purposes.

COMPANY FINANCIALS

Particulars (in Million Rs.)	2020-21	2019-20	2018-19
ASSETS	16118	13327	10927
REVENUE	13219	13882	11593
NET PROFIT	1686	1347	961

The financials of the company are visibly very strong. The assets of the company are increasing every year with a stable 3000 Crore Rs every year. The revenue of the company was 11593 Crore Rs in 2019 and it has grown to 13200 Crore Rs in 2021. If we look into the proportion of the assets and revenue then we can see that assets have increased almost 6 times whereas revenue has grown only by 1.4 to 1.5 times. This concludes that company has experienced COVID hit and on other hand it is also not able to utilize its assets at the maximum potential.

However if we look into the profitabalitiy of the company there is a subtle trend noticeable. The assets and profits have grown with almost equal proportion. Hence the company has been focussing on increasing the profit margins and not the revenues. The achievement in these fronts have been gained as the company earned almost 700 Crore Rs more than what it earned in 2019. The profit figure is almost 80% more than the 2019 year.

PROS

The company has an ownership for 3965 asset vans and 238 offices across India.
Great Financials for the past 3 years.
It has a great dividend policy. Approximateoy 16% of its earnings go into the dividends of the company.