TABLE OF CONTENT
1. CMS INFO SYSTEM LTD: IPO DETAILS
2.3. Card Personalisation
3. LAST THREE FINANCIAL YEARS PERFORMANCE OF THE COMPANY
4. VALUATION OF CMS INFO SYSTEMS LTD (AS OF FINANCIAL YEAR 2021)
CMS INFO SYSTEM LTD: IPO DETAILS
|
Subscription Dates |
21st to 23rd December, 2021 |
|
Price Band |
INR 205 to INR 216, per shares |
|
Offer for Sale |
INR 1,100 Crores |
|
Total IPO Size |
INR 1,100 Crores |
|
Minimum Bid (Lot Size) |
69 Shares |
|
Face Value |
INR 10 per share |
|
Retail Allocation |
35% |
|
IPO Listed On |
NSE, BSE |
BRIEF ABOUT THE COMPANY
ATM's (Automated Teller Machines) have helped many individuals withdraw hard cash to meet their daily requirements in every corner of the streets. While ATMs are out of money or a bank needs to install a new ATM in your nearby areas, CMS Info System's vans are available at their service.
Incorporated in 2008, CMS Info System automates ATMs and currency management in India. Based on the number of ATM points as of 31 March 2021, CMS Info Systems Ltd is India's largest cash management company. From cashiering services for top retail chains to picking up cash from more than 40,249 merchants and banking it, they offer a wide range of seamless, integrated services to their clients.
CMS Info Systems Ltd has covered nearly 96% of ATMs in Indian districts. From RBI's initial cash deposits in the bank's currency chests to depositing cash in banks, CMS manages the entire flow and management of money- for 133,000 business points- every day after going through various cash cycles.
Interestingly, CMS Info Systems (CMS) has released a fully automated, Artificial Intelligence-powered ATM security software application called Algo. CMS ALGO is a mobility-based ATM software application that prevents unauthorized access to ATM safes. In addition, it enables banks to implement RBI (Reserve Bank of India) guidelines on OTC lock activation on all their ATMs.
CMS Info System Ltd was awarded the Best in Future of Trust Award at IDC Future Enterprise Awards 2021. The company operates its business and managerial services on three pillars:
Cash Management Solutions
CMS has reached this scale and size of operations by servicing one single country and doing it with unparalleled depth and entrenchment. The cash cycle in India is among the most intensive in the world, cash being the most inclusive of all payment systems. CMS has a legacy of having built a network that services 96.3% districts in India. Adopting efficient routing and scheduling systems, they handled ₹ 9,158.86 billion cash in FY21 alone, with the highest standards of safety.
Its cash-management services includes:
- end-to-end ATM replenishment services
- cash pick-up and delivery
- network cash management
- verification services
In 2021, these services generated 66.80% of revenue for CMS Info System Ltd.
ATM Management Services
CMS undertook one of the most ambitious projects in the industry, which involved roll-outs touching all borders and deep interior towns of the country. CMS' foray into ATM deployment was an ambitious project from day one involving a large-scale roll-out touching all borders and deep interior towns of the country.
It’s ATM Management Solutions includes:
- banking automation product sales
- deployment and associated annual maintenance
- end-to-end Brown Label deployment
- managed services for banks; standard control systems and software solutions
In 2021, these services generated 29.90% of revenue for CMS Info System Ltd.
Card Personalisation
CMS successfully manages a state-of-the-art Visa and Mastercard Certified Card Personalization Bureau for EMV, as well as one for Magstripe cards in Mumbai, fully secured processes and single-pass card personalising systems to handle large volumes.
It’s Card Personalisation services includes:
- EMV & Non EMV Chip Card Solutions
- CPMS Gnxt: CMS proprietary personalization software
- Card Personalisation Services
In 2021, these services generated 3.50% of revenue for CMS Info System Ltd.
LAST THREE FINANCIAL YEARS PERFORMANCE OF THE COMPANY
|
(in INR CRORE) |
(in INR CRORE) |
(in INR CRORE) |
(in INR CRORE) |
|
|
FY2019 |
FY2020 |
FY2021 |
5M FY2022 (FORECASTED) |
|
|
REVENUE |
1,153.30 |
1,388.30 |
1,327.90 |
629.70 |
|
EXPENSES |
1,009.40 |
1,193.20 |
1,084.20 |
516.30 |
|
NET INCOME |
96.00 |
133.60 |
168.40 |
84.50 |
|
MARGIN (IN %) |
8.30 |
9.60 |
12.70 |
13.40 |
VALUATION OF CMS INFO SYSTEMS LTD (AS OF FINANCIAL YEAR 2021)
|
Earnings Per Share (EPS) |
INR 11.09 |
|
Price/Earnings (PE Ratio) |
18.50 to 19.50 |
|
Returns on Net Worth |
17.15% |
|
Net Asset Value (NAV) |
INR 66.52 per share |
For the financial year 2021, the total value of the currencies- passing through all ATMs and retail cash management organisations- accounted for an aggregate of INR 9,158.86 billion. Under long-term contracts, CMS Info System Ltd primarily focuses on installing, maintaining, and managing assets & technology solutions on a start-to-end outsource basis.
