CMS Info Systems files DRHP for Rs.2,000 crore IPO


Last Updated: Dec 15, 2022 - 01:38 am 55.8k Views
Listen icon

In the latest in the string of big ticket IPOs, CMS Info Systems has filed draft red herring prospectus with SEBI for a proposed Rs.2,000 crore IPO. The entire IPO will be an offer sale by Sion Investment Holdings Pte Ltd, an affiliate of Baring Private Equity.

CMS Info Systems has been privately owned for more than 13 years now. In 2008, Blackstone took controlling stake in CMS Info Systems which was later sold to Baring Private Equity in 2015. Currently, Sion Investment Holdings owns 100% stake in the company.

CMS Info Systems is predominantly involved in tech-enabled banking support services. Its revenues basically come from ATM and Cash Management, ATM installations, ATM maintenance services and personalized card services. While cash management accounts for 68.6% of revenues, managed services accounts for 27.9% of yearly revenues.

India is the third largest ATM market in the world in terms of installed ATMs and CMS has a leadership position in ATM and cash management. CMS manages over Rs.5,000 crore of cash per day and operates through an all-India network of 3,911 cash vans, 224 offices and services over 133,000 business points on an average.

For the fiscal year ending March 2021, CMS reported net sales revenues of Rs.1,322 crore and net profits of Rs.169 crore implying net profit margins of 12.78%. The company has appointed Axis Capital, Jefferies India, JM Financial and DAM Capital (formerly IDFC Securities) as BRLMs for the issue.

Interestingly, Baring had tried to do an IPO in 2017 but decided to withhold the idea after market conditions turned unfavourable. This is their second attempt at taking the company public. Being a total offer for sale (OFS), there will not be any fresh funds coming into the company.

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Analysis of Upcoming IPO - Mukka Proteins Limited

What Mukka Proteins Do? Products containing fish protein are produced by Mukka Proteins Limited. firm manufactures & distributes fish meal, fish oil, & fish soluble paste—all necessary components for creation of aqua feed, which is used for fish & shrimp, poultry feed, which is used for broilers & layers, & pet food, which is used for dog & cat food. Upcoming IPO, exports its products to following countries

Market Outlook for 23 February 2024

Nifty witnessed a sharp correction during the opening hour on the weekly expiry day. The index sneaked below the 21900 mark, but it started recovering in the later part of the day and as it surpassed the 22000 mark, the momentum accelerated in the last hour of trade. The index rallied sharply to register a new high and end the day above 22200.

Stock in Action – Bajaj Consumer Ltd

Bajaj Consumer Stock Movement of Day