IPO Radar: CMS Info Systems subscriber 40% on Day 1, here is what you need to know

CMS Info Systems Ltd, the largest cash management company in India, has open its public offering on Tuesday, December 21. Here are the IPO details you need to know -:

About the issue:

IPO Dates: Dec 21 to 23
Price Band: Rs 205 to 216
Lot Size: 69 shares
Min. Investment: Rs 14,904
Issue size: Rs 1,100 crore
GMP: Rs 30 (15% approx.)

About the company

CMS offers its customers a range of tailored cash management and managed services solutions, including ATM network management, retail management and managed services. CMS manages the entire flow and management of money for the 1.33 lakh business points that it serves every day - from when the RBI initially deposits cash in the bank’s currency chests, to when cash is deposited back in banks after going through the various stages of the cash cycle.