Private Equity

Liquidity Events

CMS Info Systems' Rs.1,100-Cr IPO subscribed 1.95 times

Business Standard  

The IPO of CMS Info Systems was subscribed 1.95x on Thursday — the last day of the issue. The institutional portion was subscribed nearly 2x. The portion reserved for HNIs was subscribed 1.45x; the retail portion, 2.15x. The INR 1,100-crore IPO, with a price band of INR 205-216 a share, was entirely an offer for sale. Axis Capital, DAM Capital Advisors, Jefferies, and JM Financial are the bankers to the issue. Earlier in the week, the company raised INR 330 crore from anchor investors including Goldman Sachs, Nomura, and BNP Paribas. CMS Info Systems, a cash management company, caters to a broad set of outsourcing requirements for banks, financial institutions, organised retail, and e-commerce companies in India. The company operates its business in three segments: end-to-end ATM replenishment services, cash pick-up, and delivery.

From the Venture Intelligence PE-VC Deal Database: In May-15 CMS Info Systems raised $273.5 M from Baring Asia. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)