CMS Info Systems sets IPO price band at Rs 205-216 per share
CMS Info Systems sets IPO price band at Rs 205-216 per share
CMS Info Systems, and certainly considered one among the biggest coins control businesses in India through the reach, has constant the fee band for its public problem at Rs 205-216 in keeping with fairness share.
Bidding for the provide will start on December 21 and keep until December 23. Anchor book, if any, will open for an afternoon on December 20.
The employer objectives to mop up Rs 1,one hundred crore from the general public problem, that’s a whole provide-for-sale through promoter Sion Investment Holdings Pte Limited.
Half of the provide is reserved for certified institutional buyers, 35 percentage for retail traders, and the relaxation for non-institutional traders.
Investors can bid for not less than sixty nine fairness stocks and in multiples of sixty nine stocks thereafter. Retail traders can make investments not less than Rs 14,904 for unmarried lot and their most funding could be Rs 1,93,752 as they’re allowed to make investments as much as Rs 2 lakh in IPO.
CMS Info Systems claims to be the India’s biggest coins control employer primarily based totally at the variety of ATM factors and the variety of retail pick-up factors as of March 2021. It recorded a sales of Rs 1,306.09 crore in FY21, down from Rs 1,383.24 crore a yr ago, however income multiplied to Rs 168.fifty two crore from Rs 134.7 crore the identical period.
The employer, which clocked a income of Rs 84.forty seven crore on a sales of Rs 626.29 crore in 5 months to August 2021, gives numerous services, along with installing, keeping and coping with belongings and generation answers on stop-to-stop outsourced foundation for banks beneathneath long-time period contracts.
