CMS Info files papers for Rs 2,000 crore IPO

Mumbai: Cash management company CMS Info Programs filed its draft purple herring prospectus (DRHP) on Monday for an initial public offering of ₹2,000 crore. The placement is a recommendation within the marketplace (OFS) by the promoter Baring Non-public Fairness Asia. The company is now now not going to at as soon as catch any proceeds from the IPO.

CMS Info Programs was as soon as fashioned in 2009 following an funding by the Blackstone Group of workers to accomplish a majority stake in determined key companies of CMS Computer systems. In 2011, CMS Info Programs got Securitrans India, thus consolidating its attach because the leading money management companies and products company in India. In 2015, Baring PE Asia got a 100% stake in CMS Info Programs.

CMS has now emerged as India’s excellent money management company essentially based on a series of ATM aspects and retail preserve conclude-up aspects.

For FY21, CMS Info Programs’ total forex throughput, or the total payment of the forex passing through all of its ATM and retail money management companies, amounted to over ₹9.15 lakh crore.

The company’s industry involves installing, sustaining, and managing resources and know-how alternatives on an give up-to-give up outsourced foundation for banks beneath long-term contracts. The company furthermore caters to a extensive affirm of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India. In 2017, the corporate bought Sebi fame of the IPO, but it did now now not delivery the offer.

Others within the Pipeline

Records analytics companies and products provider Latent Seek Analytics has furthermore filed papers for a ₹600 crore IPO.

Earlier Saturday, three companies —

chain VLCC, digital companies and products provider Inspira Undertaking, and females’s clothing firm Stir Vogue — filed IPO papers with Sebi. Stir Vogue and Inspira Undertaking is anticipated to snatch about ₹800 crore every and VLCC ₹300 crore in a fresh location and an OFS of 8.9 million shares.