CMS Info Systems raised Rs 330 cr from anchor investors
CMS Info Systems, one of the largest cash-management companies in India, on December 20, has garnered Rs 330 crore from 12 anchor investors ahead of its IPO.
The IPO will open on December 21, and will close on December 23.CMS Info Systems is the India’s largest cash-management company based on the number of ATM points and the number of retail pick-up points as of March 2021.
The company in its BSE filing informed, it has finalised allocation of 1,52,77,777 equity shares to anchor investors, at a price of Rs 216 per equity share.
The List of Anchor Investors: The investors who invested in the company through anchor book were ICICI Prudential, Nomura India, SBI Mutual Fund, WF Asian Reconnaissance Fund, Aditya Birla Sun Life, Goldmans Sachs, SBI Life Insurance, Abakkus Emerging Opportunities Fund, Theleme India Master Fund and BNP Paribas Arbitrage.
The company intends to raise Rs 1,100 crore from its public issue. This IPO is entirely an offer-for-sale by promoter Sion Investment Holdings Pte Limited. Hence, all the money will go to the selling shareholder and the company will not get any funds from the offer.