Cms Info Systems Ipo Latest Details,grey Market Premium, Ipo Dates,price,live Subscription,,allotment,listing Day Profit

Flat Rs 20 for Intraday,F&O, Currency and Commodity Trade. For FY20-21, the company’s total currency throughput, or the total value of the currency passing through its ATM and retail cash management businesses, amounted to Rs 9.2 lakh crore. CMS Info Systems will not get any funds from the IPO as it is entirely an OFS. Post issue, promoter shareholding in the company will drop to 65.59% from the current 100%. Public shareholding in CMS Info Systems will increase to 34.41% from zero at this juncture.

We cater to broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India. CMS Info Systems’ IPO worth Rs 1,100 crore opened for subscription on Tuesday, and will close on Thursday. Ahead of the IPO, Mumbai-based CMS Info Systems, a cash management and automation solutions provider, commanded a premium in the grey market, an unofficial market for unlisted securities. Dealers said CMS Info Systems’ grey market premium was steady at Rs 30 on Monday.

India has the third-largest market in terms of no. of installed ATMs and CMS Info Systems is the largest cash management company based on the number of ATMs and retail pick-up points as of March 31, 2021. It is also one of the largest ATM cash management companies globally based on total ATM points. In Fiscal 2021, its total currency throughput through ATM and retail cash management businesses were reported at Rs. 9,158.86 billion.

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They believe that by offering a wide variety of facilities throughout each phase of the cash cycle in India. New opportunities arise on a daily basis, breaking new ground and forming new relationships. And it has to be fueled by money that gets to where it needs to go, flows easily, and understands and energises the economy’s heart. Credit – CMS Info System LimitedIt also Includes common control systems and software solutions, such as multi-vendor software solutions and other security and automation software technologies; and remote monitoring for ATMs. Log in to Upstox Application with your credentials.

Besides, the issue did not gather much attention from the investors and thus is trading at a low grey market premium,” he said. The company’s cash management services business contributed 68.61 percent to revenue in FY21 and contribution from managed services business to revenue in FY21 was 27.88 percent. “First, its business depends significantly on the use of cash but the RBI is planning to introduce digital currency that will impact the amount of cash in circulation. Experts feel the entire issue being an offer-for-sale by promoter Sion Investment Holdings Pte Limited received muted response from investors and low grey market premium. The market volatility through the last couple of months, tepid listings of last few issues and Fed tightening of stimulus added to the woes.