CMS Info Systems IPO: The initial public offering or IPO of CMS Info Systems Limited ended last week. The public issue of the leading cash management company saw subscriptions of 1.95 times, according to Bombay Stock Exchange data. In this regard, the bidders investing in the shares should note that the date of allotment of CMS Info Systems IPO has been fixed as December 28, i.e. Tuesday. The firm is looking to raise Rs 1,100 crore through its initial public offering, with 5.093 – 5.366 crore shares for sale. The issue is purely an offer for sale, and CMS Info Systems will not receive any proceeds from the IPO.
The company has notified that the price band of CMS Info Systems IPO was Rs 205 to Rs 216 per equity share. Ahead of the opening of the public issue, the company said it has raised Rs 330 crore through anchor booking from the allotment of 1,52,77,777 shares.
The first public issue of CMS Info Systems witnessed sluggish investor demand. While the issue was subscribed only 1.95 times, the demand was largely uniform across categories. The share earmarked for qualified institutional buyers was booked for 1.98 times, while retail investors bid for 2.15 times the shares allotted to them. On the other hand, the portion reserved for non-institutional investors was subscribed 1.45 times as per BSE data.
As of August 31, 2021, CMS Info Systems Limited has a pan-India fleet of 3,965 Cash Vans and a network of 238 branches and offices. It primarily operates in three business segments – Cash Management Services which includes end-to-end ATM replenishment services, Managed Services which includes banking automation product sales, deployment and associated annual maintenance; and other services including end-to-end financial card issuance and management and card personalization service for banks.
The unlisted shares of CMS Info Systems IPO were fetching a premium of Rs 5, which is just 2.31 per cent of the upper price band of Rs 216. The low gray market premium of the CMS Info Systems IPO subsequently indicated a flat listing for the issue. Month.
The issue of Rs 1,100 crore is offered for sale by outright sale to the promoter Sion
Investment Holdings Pte. Ltd., which will receive all proceeds from the issue. The promoter currently holds 100 per cent stake in the company. After the public offer, it will come down to 65.59 per cent.
As the day for finalization of share allotment draws near, investors will be curious to know whether they have received their shares in the CMS Info Systems IPO bids. They can check share application status in two ways – 1) BSE website 2) Registrar’s website. Eligible investors will receive shares in their demat accounts on December 30, while unsuccessful bidders will get refund on December 29.
How to Check CMS Info System IPO Allotment Status through BSE
1) Visit the official website of BSE. Through the URL (https://www.bseindia.com/investors/appli_check.aspx).
2) It will take you to a page named ‘Status of Issue Application’. There you have to select the ‘Equity’ option.
3) Select ‘CMS Info Systems Ltd’ from the drop-down menu other than the name of the issue.
4) Enter your Application Number and Permanent Account Number (PAN). You then click on ‘I am not a robot’ and click ‘Search’ to verify yourself. It will show you the status of the application.
How to Check CMS Info System IPO Allotment Status through Registrar’s Website (Link Intime India)
1) Visit the Link Intime India website using the URL: (https://www.linkintime.co.in/IPO/public-issues.html)
2) Select the option ‘CMS Info Systems Limited’ from the drop-down list under ‘Company’. Name will be filled only after finalization of allotment
3) You have to select any one of the three modes: Application Number, Client ID or PAN ID
4) In Application Type, choose between ASBA and Non-ASBA
5) Step 2. Enter the details of the mode you have selected in
6) Fill the captcha and enter the option ‘Submit’
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