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CMS Info Systems IPO opens today. Should you subscribe to the issue?

Majority of the brokerages hold a positive view about the company which, on December 20, garnered Rs 330 crore from 12 anchor investors

December 21, 2021 / 08:38 AM IST
 
 
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CMS Info Systems Limited (CMS) will float its Rs 1,100-crore public issue on December 21. The offer will close on Thursday.

CMS is one of the largest ATM cash management companies worldwide based on the number of ATM points as of March 31, 2021. For the financial year 2020-21, the company’s total currency throughput, or the total value of the currency passing through all of their ATM and retail cash management businesses, amounted to Rs 9.2 lakh crore (Rs 9.2 trillion).

The country’s largest cash management company, based on the number of ATM and retail pick-up points, is engaged in installing, maintaining, and managing assets and technology solutions for banks, financial institutions, organised retail and e-commerce companies in India.

The company operates in three segments which are cash management services (68.6 percent of 2020-21 revenues), managed services, which includes banking automation products, common control systems, and software solutions (27.9 percent), and others such as financial cards issuance for banks and card personalisation services (3.5 percent).