Pune: CMS Info Systems Ltd (“CMS” or the “Company”), India’s largest cash management company based on number of ATM points and number of retail pick-up points as of March 31, 2021, as well as one of the largest ATM cash management companies worldwide based on number of ATM points as of December 31, 2020, filed its DRHP with SEBI (CMS Info Systems IPO).

For Fiscal Year 2021, CMS Info Systems’ total currency throughput, or the total value of the currency passing through all of its ATM and retail cash management businesses, amounted to ₹9,15,800 crore.

The company’s business includes installing, maintaining and managing assets and technology solutions on end-to-end outsourced basis for banks under long term contracts. The Company also caters to broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India.

  • Cash Management Services, which include end-to-end ATM replenishment services; cash pick-up and delivery; network cash management and verification services (together known as “retail cash management services”); and cash-in-transit services for banks.
  • Managed Services, which include banking automation product sales, deployment and associated annual maintenance; end-to-end Brown Label deployment and managed services for banks; common control systems and software solutions, including multi-vendor software solutions and other security and automation software solutions; as well as remote monitoring for ATMs
  • Other Services, which include end-to-end financial cards issuance and management for banks and card personalization services.

The CMS Info Systems Initial Public Offer (IPO) consists Offer for Sale (OFS) of Equity Shares by the Promoter Selling Shareholder of face value of ₹10 each, aggregating up to ₹2,000 crore.

The company will not directly receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Promoter Selling Shareholder, i.e. Sion Investment Holdings Pte. Limited (“Promoter Selling Shareholder”).

The Book Running Lead Managers to the offer are Axis Capital Limited, DAM Capital Advisors Limited, Jefferies India Private Limited and JM Financial Limited.

The equity shares are proposed to be listed on BSE and NSE.

Suggested Read: IPO activity expected to pick up in India: Venture Pulse Q1 2021 report (indiaunicorn.com)

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