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<ul><li>CMS Info Systems is likely to announce its share allotment status today.</li><li>Mumbai-based cash management company’s IPO received tepid response from investors as it was subscribed just 1.95 times.</li><li>The IPO will be listed on December 31 on exchanges.</li></ul>The Mumbai-based cash management company CMS Info Systems, is likely to announce the allotment status of its initial public offering (IPO) today, December 27. The IPO was open for subscription from December 21 to December 23. The company raised ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE, an affiliate of Baring Private Equity Asia.. <a href="https://www.businessinsider.in/stock-market/news/cms-info-systems-is-going-for-ipo-when-indians-are-being-pushed-to-go-cashless/articleshow/88400115.cms">CMS Info Systems IPO</a> received tepid demand from investors as its IPO was subscribed just 1.95 times the number of shares offered in the three days of IPO bidding process. The grey market premium of the company’s shares show a little premium of ₹5 from the higher end of the price band. The portion reserved for retail investors was oversubscribed by 2.15 times on the last day of the IPO bidding process. Its business includes installing, maintaining and managing assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts. Here is how to <keyword id="12825378" type="General" weightage="20" keywordseo="cms-info-systems-ipo-allotment" source="Orion">CMS Info Systems IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘CMS Info Systems’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘CMS Info Systems’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/rbl-bank-depositors-need-not-worry-assures-rbi/articleshow/88520325.cms">RBL Bank depositors need not worry, assures RBI</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/hdfc-bank-and-axis-bank-remind-customers-that-atm-withdrawals-will-cost-21-plus-taxes-from-jan-1/articleshow/88517043.cms">HDFC Bank and Axis Bank remind customers that ATM withdrawals will cost ₹21 plus taxes from Jan 1 ⁠— check out the list of charges from top banks</a>

CMS Info Systems IPO: Here’s how you can check the allotment status

<ul><li><keyword id="194502" type="General" weightage="20" keywordseo="cms-info-systems" source="Orion">CMS Info Systems</keyword>’ IPO opens today, December 21 and closes on December 23.</li><li>The company plans to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE.</li><li>Shares of the company were demanding a premium of ₹30 per share in the grey market over a price band of ₹205 to ₹216 per share.</li></ul>Mumbai-based cash management company CMS Info Systems has opened its initial public offering (IPO) today and will close on December 23. CMS Info Systems claims to be India's largest cash management company based on number of installed ATM points and number of retail pick-up points as of March 2021. Its business includes installing, maintaining and managing assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts. The company is looking to raise [same as prev story] ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE, an affiliate of Baring Private Equity Asia. The promoter acquired the company in 2015 and holds a 100% stake in the company at present. As a result the company will not receive any money from the IPO. Here are important details related to the IPO: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #cccccc 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #cccccc 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹205 to ₹216 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 21 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 23 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 28 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 29 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 30 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 31 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">69 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Today (December 20), shares of the company were demanding a premium of ₹30 per share in the grey market over a price band of ₹205 to ₹216 per share. “The company is well placed with a market share of 24.7% based on the total number of ATMs serviced and a market share of 41.1% based on the total number of outsourced ATMs. They have a strong network across pan-India and have long-standing relationships with leading banks. Besides, the company’s financials have been healthy and it has posted revenue/PAT CAGR of 7%/32% over FY19-21. From a long term perspective, we have a positive view on the company,” said analysts at Religare Broking. However, analysts at Angel One have recommended a ‘Neutral’ rating on the stock as it feels its business would be impacted if the third wave of COVID-19 comes true in India. <div type="image" title="CMS Info reve" height="900" width="1200" msid="88399487" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/these-9-stocks-are-down-as-much-as-15-since-being-the-top-diwali-picks-6-weeks-ago/articleshow/88387967.cms">From ICICI Bank to INOX, these 9 stocks are down as much as 15% since being the top Diwali picks 6 weeks ago</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/used-car-marketplace-cars24-has-raised-as-much-as-dream11-this-year-to-set-up-operation-overseas/articleshow/88386057.cms">Used car marketplace Cars24 has raised as much as Dream11 this year to set up operation overseas</a>

CMS Info Systems IPO opens today with Omicron scare looming large

<ul><li>CMS Info Systems’ IPO opens on December 21 and closes on December 23.</li><li>The price band of the cash management company IPO is ₹205 to ₹216 per share.</li><li>The company plans to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE.</li></ul>Mumbai-based cash management company CMS Info Systems is all set to open its initial public offering (IPO) on December 21 and close on December 23. The company is looking to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE, an affiliate of Baring Private Equity Asia. The promoter acquired the company in 2015 and holds a 100% stake in the company at present. As a result the company will not receive any money from the IPO. CMS Info Systems claims to be India's largest cash management company based on number of installed ATM points and number of retail pick-up points as of March 2021. Its business includes installing, maintaining and managing assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts. Business operations in three segments: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Description </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% percentage of total income in FY21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cash management services </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Include end-to-end ATM replenishment services, cash pick-up and delivery, cash-in-transit services for banks </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67.79% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Managed services </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Banking automation product sales, common control systems, and software solutions </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">27.54% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Others </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Financial cards issuance for banks and card personalisation services </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.47% </td></tr></tbody></table> Also, it caters to a broad set of outsourcing requirements for banks, financial institutions, organised retail and e-commerce companies in India. Here are important details related to the IPO: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹205 to ₹216 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 21 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 23 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 28 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 29 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 30 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">December 31 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">13 </td></tr></tbody></table> <div type="image" title="CMS Info rev" height="900" width="1200" msid="88317691" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/ola-raises-half-a-billion-dollars-in-debt-to-fuel-its-food-delivery-and-quick-commerce-dream/articleshow/88314624.cms">Ola raises half a billion dollars in debt to fuel its food delivery and quick commerce dream</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/rategain-travel-technologies-ipo-is-listing-tomorrow-gmp-at-45-per-share/articleshow/88307299.cms">RateGain Travel Technologies is listing tomorrow; GMP at ₹45 per share</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/mapmyindia-ipo-heres-how-to-check-your-allotment-status/articleshow/88307117.cms">Have you applied for MapmyIndia’s IPO? Here’s how to check if you’ve been allotted shares</a>

CMS Info Systems’ IPO to open on December 21 — Here are the important dates and details

<ul><li>Shares of CMS Info Systems got listed at ₹218.50 while the price band was fixed at ₹205-216 per share.</li><li>The IPO did not receive much demand from investors in the three days of subscription process and was subscribed just 1.95 times.</li><li>The market capitalisation of the company stood at ₹3,233 crore.</li></ul>Shares of Mumbai-based cash management company CMS Info Systems made a tepid listing on the National Stock Exchange (NSE) and BSE. The stock got listed at ₹218.50, 1.16% higher on the issue price band of ₹205-216 apiece. Poor listing gains might not have been a complete shock for investors as the weak grey market premium and business nature of the company indicated not so good listing gains. Post listing, the market capitalisation of the company stood at ₹3,233 crore, according to BSE data. The shares of CMS Info Systems were trading at ₹238, higher by 10% at 10.35 a.m., on December 31. The grey market premium of the company’s shares show a little premium of ₹5 from the higher end of the price band. The initial public offering (IPO) was open for subscription from December 21 to December 23 and received poor response from investors. It was subscribed just 1.95 times on the last day of the bidding. Moreover, the cash management company came up with an IPO when the government was pushing for digitisation. Adding to it, the company’s finances dipped slightly during lockdown as customers shifted some part of their transactions to digital payments. <div type="image" title="CMS Info reve 2" height="900" width="1200" msid="88605828" hostid="261"></div> So, <a href="https://www.businessinsider.in/stock-market/news/cms-info-systems-is-going-for-ipo-when-indians-are-being-pushed-to-go-cashless/articleshow/88400115.cms">the company may face a hurdle </a>in its finances once again if another wave of COVID-19 comes through. CMS Info Systems’ business includes installing, maintaining and managing assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/cms-info-systems-pb-fintech-power-grid-and-other-hot-stocks-on-december-31/slidelist/88604241.cms">CMS Info Systems, PB Fintech, Power Grid and other hot stocks on the last trading day of the year</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sugar-companies-witness-a-sweet-rally-on-ethanol-excitement-that-may-continue-in-2022-as-well/articleshow/88591715.cms">Sugar companies witness a sweet rally on ethanol excitement that may continue in 2022 as well</a>

CMS Info Systems makes damp squib of a listing on New Year’s eve

<ul><li><keyword id="194502" type="General" weightage="20" keywordseo="cms-info-systems" source="Orion">CMS Info Systems</keyword>’ IPO opened its IPO today on December 21 and will close on December 23.</li><li>The company plans to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE.</li><li>Commenting on impact over another lockdown, the company’s director and CEO Rajiv Kaul told Business Insider that, “We hope we are well prepared in case anything untoward happens, it could be a natural calamity or it could be a thing like covid or a new variant.”</li></ul>Mumbai-based cash management company CMS Info Systems that has opened its initial public offering (IPO) today may face a hurdle in its finances once again if another wave of COVID-19 comes through. “We hope we are well prepared in case anything untoward happens, it could be a natural calamity or it could be a thing like covid or a new variant,” said, director and CEO of CMS Info Systems Rajiv Kaul to Business Insider in an interview. This played out in 2020 when the company’s revenue fell 6% due to the lockdowns and lack of use of ATMs thereof. <div type="image" title="CMS Info reve" height="900" width="1200" msid="88400139" hostid="261"></div> The company manages cash for banks along with other outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India. Its business includes installing, maintaining and managing assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts. The company’s finances dipped slightly during lockdown as customers shifted some part of their transactions to digital payments. However, lockdowns are only one part of the risk. The other longer-term risk is the policy push from both the government and the Reserve Bank of India who want people to use less cash and more digital payments in the time to come. More than two⁠-thirds of CMS’ revenue comes from picking up cash from the banks and delivering it to the ATMs. So far, thankfully for CMS, these calls for a cashless India have not yielded much result. In fact, the cash in circulation in the economy has only gone up five years after the <a href="https://www.businessinsider.in/stock-market/economy/news/moodys-rating-and-outlook-for-indian-economy/articleshow/71967678.cms">ill-advised demonetisation</a> <div type="image" title="CMS grid value and volume (1)" msid="88400145" hostid="261"></div>“Digital transactions have been growing for a long time, it’s not only today, we are just talking about it today. We are talking about it since demonetisation because paytm, mobikwik and all was happening. So it's not a new disruption. Digital is disrupting some elements of cash, check, RTGS, NEFT or mobile payments and UPI. So there is a lot of flux and volatility,” said Kaul. Business operations in three segments: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Description </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% percentage of total income in FY21 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Cash management services </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Include end-to-end ATM replenishment services, cash pick-up and delivery, cash-in-transit services for banks </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">67.79% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Managed services </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Banking automation product sales, common control systems, and software solutions </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">27.54% </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Others </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Financial cards issuance for banks and card personalisation services </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">3.47% </td></tr></tbody><tbody></tbody><tbody></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/these-9-stocks-are-down-as-much-as-15-since-being-the-top-diwali-picks-6-weeks-ago/articleshow/88387967.cms">From ICICI Bank to INOX, these 9 stocks are down as much as 15% since being the top Diwali picks 6 weeks ago</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/razorpay-is-now-the-most-valued-fintech-startup-in-india/articleshow/88382493.cms">Razorpay is now the most valued fintech startup in India</a>

INTERVIEW: Here’s why this cash management firm is going for an IPO when Indians are being pushed to go cashless

<ul><li>Cash management company <keyword id="194502" type="General" weightage="20" keywordseo="cms-info-systems" source="Orion">CMS Info Systems</keyword> is likely to announce its listing on exchanges on December 31.</li><li>The IPO received tepid response from investors as it was subscribed just 1.95 times.</li><li>Following this, shares of the company may not open with huge listing gains as the grey market premium is at ₹5 per share.</li></ul>The Mumbai-based cash management company CMS Info Systems is set to list its shares on exchanges on December 31. CMS Info Systems’ business includes installing, maintaining and managing assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts. The initial public offering (IPO) was open for subscription from December 21 to December 23. <a href="https://www.businessinsider.in/stock-market/news/cms-info-systems-is-going-for-ipo-when-indians-are-being-pushed-to-go-cashless/articleshow/88400115.cms">CMS Info Systems IPO</a> received a tepid demand from investors as its IPO was subscribed just 1.95 times the number of shares offered in the three days of IPO bidding process. The grey market premium of the company’s shares show a little premium of ₹5 from the higher end of the price band. Moreover, the cash management company is coming up with an IPO when the government is pushing digitisation. Also, the company’s finances dipped slightly during lockdown as customers shifted some part of their transactions to digital payments. <div type="image" title="CMS Info reve 2" height="900" width="1200" msid="88576813" hostid="261"></div>So, <a href="https://www.businessinsider.in/stock-market/news/cms-info-systems-is-going-for-ipo-when-indians-are-being-pushed-to-go-cashless/articleshow/88400115.cms">the company may face a hurdle </a>in its finances once again if another wave of COVID-19 comes through. The company raised ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE, an affiliate of Baring Private Equity Asia. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sebi-comes-out-with-stringent-norms-to-save-ipo-investors-from-losing-big-money/articleshow/88566880.cms">SEBI comes out with stringent norms to save IPO investors from losing big money</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/best-upcoming-electric-cars-in-india-in-2022/slidelist/88565231.cms">Best upcoming electric cars in India in 2022</a>

CMS Info Systems IPO may see tepid listing as GMP at ₹5 per share

<ul><li><keyword id="194503" type="General" weightage="20" keywordseo="cms-info" source="Orion">CMS Info</keyword> Systems’ IPO opened on December 21 and closes today.</li><li>The company plans to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE.</li><li>Shares of the company were demanding a premium of ₹30 per share in the grey market over a price band of ₹205 to ₹216 per share.</li></ul>Mumbai-based cash management company CMS Info Systems’ initial public offering (IPO) has been subscribed 66% in the first two days of issue and today, December 23, is the last day to subscribe to the issue. The portion reserved for the retail investors has been subscribed 1.3 times so far. The portion for qualified institutional buyers (QIB) remained unsubscribed on the two days. The price band of CMS Info Systems’ shares is set at ₹205-216. The subscription opened on December 21. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription Times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.00 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non Institutional Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.04 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.30 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.66 </td></tr></tbody><tbody></tbody></table> The grey market premium (GMP) — premium at which people are willing to buy the shares in the grey market — was at ₹30 on December 22. The company is looking to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE. CMS Info Systems installs, maintains and manages assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts. It claims to be India's largest cash management company based on the number of installed automated teller machine (ATM) points and number of retail pick-up points as of March 2021. The company is looking to list on the public market on December 30. “The company is well placed with a market share of 24.7% based on the total number of ATMs serviced and a market share of 41.1% based on the total number of outsourced ATMs. They have a strong network across pan-India and have long-standing relationships with leading banks. Besides, the company’s financials have been healthy and it has posted revenue/PAT CAGR of 7%/32% over FY19-21. From a long term perspective, we have a positive view on the company,” Religare Broking firm said in a report. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/check-out-snapdeal-top-executives-like-kunal-bahl-rohit-bansal-salary-for-year-2021/slidelist/88426612.cms" data-type="tilCustomLink">Snapdeal cofounders Kunal Bahl and Rohit Bansal will take home up to ₹5 crore in salaries from this year</a> <a href="https://www.businessinsider.in/tech/enterprise/news/apple-and-its-patents-in-2021-heres-what-the-tech-giant-could-bring-to-you-in-the-future/articleshow/88426551.cms" data-type="tilCustomLink">Apple and its patents in 2021: Here’s what the tech giant could bring to you in the future</a> <a href="https://www.businessinsider.in/science/space/news/scientists-find-more-evidence-of-possible-life-on-venus/articleshow/88425043.cms" data-type="tilCustomLink">Scientists find more evidence of possible life on Venus</a>

Today is the last day to subscribe to CMS Info Systems — GMP at ₹30

CMS Info Systems, PB Fintech, Power Grid and other hot stocks on the last trading day of the year

Metro Brands, Indian Oil, India Cements and other hot stocks on December 22

<ul><li>Shares of MapmyIndia listed at ₹1,581 while the price band was fixed at ₹1,000-1,033 per share.</li><li>The IPO was a hit among investors as it has been subscribed just 154.71 times on the last day of the bidding.</li><li>The market capitalisation of the company stood at ₹8,417.71 crore.</li></ul>CE Info Systems — the parent company of MapmyIndia and the most awaited listing made a strong debut on the National Stock Exchange (NSE) and BSE despite weak market trends. The stock listed at ₹1,581, which is 53% more than the issue price band of ₹1,000-1,033 apiece. Investors have been expecting huge listing gains due to high grey market premium, positive recommendation by analysts as MapmyIndia is a pioneer in digital maps. However, some expectations have been tapered down due to poor market sentiment. “It was expected that this can give more than 100% return on a listing day however expectations have tapered down amid sharp correction in the market where the grey market premium is indicating a listing gain of around 70-75%,” said Aayush Agrawal, senior analyst at Swastika Investmart. Post listing, the market capitalisation of the company stood at ₹8,417.71 crore, according to BSE data. The grey market had indicated a strong listing too as unlisted shares of MapMyIndia were commanding a marginal premium of ₹700 per share. The IPO, which was open between December 9 and December 13, received strong response from investors. It was subscribed 154.71 times on the last day of the bidding. The company is one of its kind that builds digital map data, telematics services, location-based software-as-a-service (SaaS) and geographic information system (GIS) services. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/cms-info-systems-is-going-for-ipo-when-indians-are-being-pushed-to-go-cashless/articleshow/88400115.cms">INTERVIEW: Here’s why this cash management firm is going for IPO when Indians are being pushed to go cashless</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/data-patterns-ipo-here-is-how-to-check-allotment-status/articleshow/88400019.cms">Have you applied for a Data Patterns IPO? Here is how to check allotment status</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/cms-info-systems-ipo-opens-today-here-are-important-details-related-to-the-ipo/articleshow/88399317.cms">CMS Info Systems IPO opens today with Omicron scare looming large</a>

MapmyIndia debuts below expectation but IPO investors still make a sweet 53% return on listing

<ul><li>Footwear retailer <keyword id="11914799" type="General" weightage="20" keywordseo="metro-brands-ipo" source="Orion">Metro Brands IPO</keyword> intended to raise ₹1,367 crore through the IPO.</li><li>The IPO has been subscribed 3.64 times during the three of IPO between December 10 to December 14.</li><li>Shares of the company are demanding a premium of ₹35 in the grey market today, indicating tepid listing gains.</li></ul>If you have applied for Metro Brands initial public offering (IPO), note that the company is likely to announce allotment for the issue today, December 17. The issue was open for subscription between December 10 to December 14. In the three days of IPO bidding process, the issue has been subscribed 3.64 times with great demand from qualified investors i.e., 49 times. Metro Brands, which is one of the largest Indian footwear specialty retailers in India, is backed by marquee investor Rakesh Jhunjhunwala. Started in 1955 as a footwear specialty retailer in India, Metro Brands now caters to footwear needs of men, women, unisex and kids. The company was performing well <a href="https://www.businessinsider.in/business/corporates/news/metro-brands-that-is-open-for-ipo-is-aggressively-planning-on-opening-new-stores-despite-covid-19s-impact-on-its-profits/articleshow/88204220.cms">until COVID-19 </a>hit the entire footwear retailing segment because of the pandemic led restrictions across the country. Its profitability slipped in FY21 because of the pandemic. Here is how to <keyword id="12752221" type="General" weightage="20" keywordseo="metro-brands-ipo-allotment" source="Orion">Metro Brands IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Metro Brands’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Metro Brands’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/cms-info-systems-ipo-to-open-on-december-21-here-are-the-important-dates-and-details/articleshow/88317692.cms">CMS Info Systems’ IPO to open on December 21 — Here are the important dates and details</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/moschip-technologies-asm-technologies-and-spel-semiconductor-among-chip-makers-stock-that-surged-on-pli-scheme/articleshow/88306809.cms">Checkout chip makers’ stocks that surged on PLI scheme; industry leaders feel the move will make India self-reliant</a>

Metro Brands’ IPO: Here is how to check the allotment status

<ul><li>Shares of Supriya Lifescience listed at ₹425 while the price band was fixed at ₹265-274 per share.</li><li>The IPO was a hit among investors as it has been subscribed just 73.94 times on the last day of the bidding.</li><li>The market capitalisation of the company stood at ₹3,420 crore.</li></ul>The Mumbai-based active pharmaceutical ingredients (APIs) manufacturer, Supriya Lifescience made a strong debut on the National Stock Exchange (NSE) and BSE. The stock listed at ₹425, which is 55.11% more than the issue price band of ₹265-274 apiece. The listing gains of Supriya Lifescience met investors expectations of 40-50% premium led by high grey market premium, positive recommendation by analysts as the company is backed by strong financials with attractive valuations. “Supriya Lifesciences, another good company from the API segment garnered lots of investors' interest on the back of strong financials and attractive valuations. We are expecting a strong listing of this company as market sentiments have improved and the IPO witnessed strong subscription numbers. The grey market is indicating a listing gain of more than 50%,” said Aayush Agrawal, senior analyst at Swastika Investmart. <div type="image" title="surpriya rev" height="900" width="1200" msid="88536223" hostid="261"></div> Post listing, the market capitalisation of the company stood at ₹3,420 crore, according to BSE data. The company raised ₹700 crore through the IPO, which consists of a fresh issue of ₹200 crore and an offer for sale of ₹500 crore. The net proceeds from the fresh issue will be utilised towards capital expenditure requirements, repaying of debts, and general corporate purposes. The shares of Supriya Lifescience were trading at ₹xx, lower by x% at 10.00 a.m., on December 28. The grey market had also indicated a good listing as unlisted shares of Supriya Lifescience were commanding a marginal premium of ₹140 per share. The IPO, which was open between December 16 and December 20, received strong response from investors. It was subscribed 73.94 times on the last day of the bidding. The company produces 38 APIs focused on diverse therapeutic segments such as antihistamine, analgesic, anaesthetic, vitamin, anti-asthmatic and anti-allergic. Supriya Lifescience products have been exported to 86 countries and 1,296 customers in FY21. The company has API business in Europe, Latin America, Asia, and North America. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/cms-info-systems-ipo-heres-how-to-check-your-allotment-status/articleshow/88532050.cms">CMS Info Systems IPO: Here’s how you can check the allotment status</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/2021-indias-year-of-the-unicorn-and-its-many-high-points/slidelist/88528773.cms">India’s year of the unicorn and its many high point</a>

Supriya Lifescience beats IPO investors expectations and debuts with 55% premium

<ul><li>Today is the last day to subscribe to the Mumbai-based consumer adhesives and sealants player’s IPO that is looking to raise ₹126 crore through the public issue.</li><li>So far, the IPO has been subscribed 8.03 times by investors.</li><li><keyword id="12699747" type="General" weightage="20" keywordseo="hp-adhesives" source="Orion">HP Adhesives</keyword> manufactures a wide range of products such as solvent cements, silicone sealants, contact adhesives, white glue, plumbing accessories and FRP manhole covers.</li></ul>Today, December 17, is the last day to subscribe to Mumbai-based adhesives and sealants manufacturer HP Adhesives’ initial public offering (IPO). The company is looking to raise ₹126 crore through the public issue wherein fresh issue is of ₹113 crore and offer for sale is of ₹12.53 crore. HP Adhesives manufactures a wide range of products such as solvent cements, silicone sealants, contact adhesives, white glue, plumbing accessories and manhole covers. So far the IPO has received good response from investors given it has been subscribed 8.03 times. Besides, shares of the company seem to have not created a demand in the grey market yet and hence there is no premium or discount at present on its shares. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investor category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.34 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.90 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40.29 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.03 times </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> The aforesaid adhesives and sealant products have applications in multiple industries such as plumbing and sanitary, drainage and water distribution, general purpose building/construction and interior operations as well as for glazing operations, woodwork, footwear, automotive, foam-furnishing and other varied industries. The proceeds from the IPO will be used for working capital and capital expenditure at its manufacturing facility in Narangi, Maharashtra and at the additional unit. The company has delivered a profit of ₹10 crore after incurring a loss of nearly ₹5 crore last year. <div type="image" title="HP Adhesives reve" height="900" width="1200" msid="88327364" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/cms-info-systems-ipo-to-open-on-december-21-here-are-the-important-dates-and-details/articleshow/88317692.cms">CMS Info Systems’ IPO to open on December 21 — Here are the important dates and details</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/moschip-technologies-asm-technologies-and-spel-semiconductor-among-chip-makers-stock-that-surged-on-pli-scheme/articleshow/88306809.cms">Checkout chip makers’ stocks that surged on PLI scheme; industry leaders feel the move will make India self-reliant</a>

Last day to apply for HP Adhesives’ IPO that has been subscribed 8 times so far

<ul><li><keyword id="18635" type="General" weightage="20" keywordseo="amazon" source="Orion">Amazon</keyword> has filed a writ petition in the Delhi high court against India’s ED.</li><li>The ecommerce company has accused ED of unnecessarily harassing its employees and overstepping its authority.</li><li>ED initiated an investigation into the Amazon-Future Coupon deal of 2019.</li></ul>Amazon has filed a writ petition in the Delhi High Court against India’s Enforcement Directorate (ED), seeking clarification on the “unnecessary” summons issued to the ecommerce player’s employees. The Jeff Bezos-led company has highlighted that the investigative agency is summoning multiple executives, which amounts to unnecessary harassment. Besides this, the company also noted that the ED is carrying out the investigation in a manner that is “beyond the scope and power” under India’s foreign exchange laws. ED had initiated an enquiry last month to find whether Amazon violated Foreign Exchange Management Act (FEMA) while buying 49% stake in Kishore Biyani-led Future Coupon in 2019. The deal had triggered more than two dozen legal cases between Amazon and Future Group. Please note, the same deal became the grounds for Amazon to halt Future Retails’ ₹24,715 crore deal with Reliance Retail. The Competition Commission of India (CII), earlier this month, had<a href="https://www.businessinsider.in/retail/news/amazon-future-deal-cci-clears-the-way-for-reliance-acquisition-by-revoking-2019-deal/articleshow/88343227.cms"> revoked its clearance</a> to Amazon’s 2019 deal with Future Coupons. Therefore, clearing the way for Reliance to acquire Retail assets of Future Group. Amazon, in the plea before court, accused the Indian ED of conducting a “fish and roving enquiring” against it. The company has alleged that the investigative agency has sought accounts of privileged legal opinion given to it by its lawyers/law firms in India, a list of former employees in its legal team, and accounts of bank details as well as legal expenses that Amazon has incurred in the last decade. “ED cannot compel the petitioner number 1 (Amazon) to submit privileged legal advice and legal opinions given by law-firms/advocates and legal counsel of Amazon,” Amazon said in its plea, adding that the ED is seeking information which is not related to the Future Group’s transactions. The company has requested the Delhi High Court to pass an interim order, staying all investigations, inquiries, summons or proceedings commenced by the ED. The plea will be heard before the Delhi High Court bench led by Justice Rekha Palli today, December 23. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/zee-entertainment-zomato-medplus-health-and-other-hot-stocks-on-december-23/slidelist/88443739.cms" data-type="tilCustomLink">Zee Entertainment, Zomato, Medplus Health and other hot stocks on December 23</a> <a href="https://www.businessinsider.in/stock-market/news/data-patterns-ipo-will-list-on-exchanges-tomorrow-gmp-indicates-strong-listing-at-230/articleshow/88440028.cms" data-type="tilCustomLink">Data Patterns’ IPO will list on exchanges tomorrow; GMP indicates strong listing at ₹230</a> <a href="https://www.businessinsider.in/stock-market/news/cms-info-system-ipo-subscription-last-day-today-gmp-at-30/articleshow/88435478.cms" data-type="tilCustomLink">Today is the last day to subscribe to CMS Info Systems — GMP at ₹30</a>

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