scorecardToday is the last day to subscribe to CMS Info Systems — GMP at ₹30
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Today is the last day to subscribe to CMS Info Systems — GMP at ₹30

Today is the last day to subscribe to CMS Info Systems — GMP at ₹30
Stock Market2 min read
BCCL
  • CMS Info Systems’ IPO opened on December 21 and closes today.
  • The company plans to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE.
  • Shares of the company were demanding a premium of ₹30 per share in the grey market over a price band of ₹205 to ₹216 per share.
Mumbai-based cash management company CMS Info Systems’ initial public offering (IPO) has been subscribed 66% in the first two days of issue and today, December 23, is the last day to subscribe to the issue.

The portion reserved for the retail investors has been subscribed 1.3 times so far. The portion for qualified institutional buyers (QIB) remained unsubscribed on the two days.

The price band of CMS Info Systems’ shares is set at ₹205-216. The subscription opened on December 21.

CategorySubscription Times
Qualified Institutional Buyers0.00
Non Institutional Investors 0.04
Retail 1.30
Total0.66

The grey market premium (GMP) — premium at which people are willing to buy the shares in the grey market — was at ₹30 on December 22.

The company is looking to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE.

CMS Info Systems installs, maintains and manages assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts.

It claims to be India's largest cash management company based on the number of installed automated teller machine (ATM) points and number of retail pick-up points as of March 2021.

The company is looking to list on the public market on December 30.

“The company is well placed with a market share of 24.7% based on the total number of ATMs serviced and a market share of 41.1% based on the total number of outsourced ATMs. They have a strong network across pan-India and have long-standing relationships with leading banks. Besides, the company’s financials have been healthy and it has posted revenue/PAT CAGR of 7%/32% over FY19-21. From a long term perspective, we have a positive view on the company,” Religare Broking firm said in a report.

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