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CMS Info Systems IPO: The CMS Info Systems IPO had a disappointing listing on the stock exchanges on the last day of trading in the stock market. The listing of CMS Info Systems IPO took place at a price of Rs 220 per share. Whereas the company’s IPO came at a price of Rs 216 per share. However, after the listing, the company’s stock saw buying and the price reached Rs 259 per share. Currently CMS Info Systems is trading at Rs 242.70.
The IPO of CMS Info Systems was open from 21 to 23 December. The company had fixed a price band of Rs 205 to Rs 216 per share. The company has raised Rs 1100 crore through IPO. The company is one of the largest companies in the country in its segment. The company is not only giving profit but the good thing for the investors is that the company does not have any outstanding debt.
Works to fill cash in ATM
CMS Info Systems does the work of cash management in ATMs for banks across the country, as well as from ATM installation to maintenance. CMS Info Systems is the country’s largest cash management company based on ATM points and retail pickup points. Along with 3911 cash vans, the company has 224 branches across the country as of March 2021.
Impact of promoting digital transactions
Talking about the financial performance of the company, the company’s revenue from operations has increased by 6.7 percent annually to 1306 crores and the company’s profit has been Rs 168.5 crores. The biggest risk for the company is the government and RBI’s focus on cashless transactions in the long run, which may affect the company’s business.
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