CMS Info System’s preliminary public provide (IPO) opens for subscription immediately, December 21. CMS Info Systems is the nation’s largest money administration firm by way of the variety of ATM factors and retail pick-up factors. On Monday, the corporate introduced that it raised Rs 330 crore from anchor buyers forward of its IPO. As of August 31, 2021, CMS Info Systems has a community of three,965 money vans and 238 branches and workplaces to cowl all states and union territories throughout the nation. Here’s all you must know CMS Info Systems IPO:
CMS Info Systems IPO Opens Today: Key Things To Know
The IPO opens on December 21 and can shut on December 23 – remaining open for subscribers for a interval of three days.
The firm is promoting shares within the value band of Rs 205-216 per fairness share for the problem.
The Rs 1,100-crore IPO is a whole provide on the market by promoter Sion Investment Holdings – which holds 100 per cent stake in the corporate.
Investors can bid for at least 69 shares and in multiples of 69 thereafter. Retail buyers can make investments a minimal of Rs 14,904 in a single lot, and a most of Rs 1,93,752 in 13 tons.
To perform the provide on the market of shares by promoters and obtain the advantages of itemizing the shares on inventory exchanges.
The firm is engaged in putting in, sustaining, and managing belongings and know-how options on an end-to-end outsourced foundation for banks, monetary establishments, organized retail and e-commerce corporations in India.
The enterprise operates in three segments particularly – money administration providers, managed providers or banking automation product gross sales, widespread management techniques, and software program options, and so on., and monetary playing cards issuance for banks and card personalization providers