CMS Info Systems Limited IPO Message Board (Page 10)

This query is out of topic....

I am applying IPO from my mother account thru zerodha....i have applied many times but no luck....today i noticed that the name in demat account and name in pan card is different....the first name is correct only the family name/last name in pan card is short form whereas family name/last name in zerodha is full version..will that be the reason for not getting allotment....any chance i can change name to as per pan card...waiting for your response....thanking you in advance....

@rafid: don''t worry, name difference is not the reason for non allotment.
My name was also different in zerodha and pan card , and i used to get allotments. You can check in kfintech mail reason also, it might be mentioned due to over subscription.

Thank u for the reply @ramkumar @arca @lokes

All applying and result is only showing not allotted wether it is in kfintech, big share on linkintime

Will try again and let’s see if luck turns to my side

Subscriptions are very low, any suggestion for apply or skip(retail).

As the GMP is marginal, no purpose would be served, if applied in RII category.

But applying in NII category appears to be very risky, according to the circumstances prevailing now.

I will wait till 2.30 PM, tomorrow, then I will decide whether to make a application in NII category.

QIB To HNI- Pehle Tu lga
HNI To QIB- Pehle tu lga

seems little risky, better to avoid

if this has SIS as the larger peer than it is better to avoid this counter. I had kept SIS in my portfolio for a long time and toiled hard to get through the stock. I was finally able to sell after the buyback announcement. But had a bitter experience with SIS..

Any HNI applying for this IPO ?

@Lokes- Thank you.. We do some predictions for subscriptions and other things.. But Unusually thread is very Silent now .. let''s check tomorrow.

@csk: yes but as you know due to recent correction in markets etc and so many ipos went down after listing even after good QIB/HNI figures, so funded HNI''s may be shying away taking big bet. And HNI''s final figures mainly depends on them so its tough to predict now. Supriya also had lesser than expected figures. Here ipo size is also big and today data patterns money will be unblocked so we can expect some decent figures tomorrow may be 50-100X around in HNI (largely depends on, if funded HNI''s will bet or not, else it can too less)

@ANIKET, @EAGLEEYE YOUR TAKE ON THIS COUNTER PLZ

With the online payments increasing with UPI and other options, the use of ATM machines is going to decrease fairly.

Commercial real estate rent and the costs of setting up an ATM with an AC and a security guard + the CCTV setups make it a no-brainer.

Other revenue/income streams need to be looked at further.

Though CMS operates in Duopoly market and good for long term, I think secondary market will derail this one like MedPlus.

Has secondary market already derailed MedPlus even before tomorrow''s Listing ?

@Nexus: GMP has halved from its high since market sentiment is bearish. I have 4 allotments in medplus but not expecting much.

Seems to 2nd day only 1.03 Times subscription for this. I think tomorrow will only be heavy. Many times .
0/5 lots in data patterns.

Looks like retail subscription in CMS will come tomorrow only, once money is unblocked from Data Pattern.

Got rejected in all applications of Data Patterns, now money routed to CMS Info Systems.

Which is the proper source to validate and check the current GMP and how to participate in GM, this is not with respect to CMS IPO, but in general!

While opening demat account ....can email id of some other person can be given ?

Yes. You can give your email id to all your family members, only you have to change relation of the email id holder in the form.

yes you can. I have more than 10 demats linked to one email id.

Experts, apply or not?

Greetings Everyone! Before we start, we would like to make it clear that this synopsis is meant for serious investors only. People looking for applying to IPOs for speculative gains may rather skip reading this rather long essay. Also, we would still try to push the larger message that there is no replacement for hard work so do make sure to carry out your own fundamental research and discuss with a qualified professional before making any and all investments.

So here we go...

ABOUT THE INDUSTRY: Let us begin with the broader Cash Management industry and what the future holds for such companies in India. Cash Management broadly involves secured physical movement of cash from one location to another, sorting, quality testing, bundling, and wrapping of bills i.e. currency notes, and secured vault solutions for cash storage. ATM services broadly include ATM cash replenishment, software management, and ATM physical security. Companies like CMS would grow with the growth in cash circulation in the economy. While India has embraced digital money transfers with open arms, the overall cash in circulation is bound to grow for at least coming 2 decades as the size of Indian economy continues to grow at a fast pace. No bank today likes handling transportation of cash as it is highly risky affair so they would continue to hand it to the specialists. The growth of this Industry would be further enhanced as the banking infrastructure continues to make deeper presence in small towns and villages. Hence, there is no imminent threat to the industry per se, not till 2040. However, it may so happen within the next decade that bank specific ATMs cease to exist and become centralized cash points where cards from any bank can be used. This would certainly help bottom lines for all banks but would inversely impact topline of companies like CMS. Therefore, these companies would need to innovate in the next 2 decades to undergo a complete transformation in order to remain in business.

ABOUT CMS: The company has been in business since December 2008 and was sold off to its current promoters Sion Investment Holdings (an affiliate of BPEA/ BPEP) in 2015. The company has exhibited sustained organic growth and has been paying rich dividends to its present shareholders/ promoters (refer to page 213 of RHP). It is a completely professionally managed company backed by satisfactory financial performance which is in line with members of its peer group (refer to page 106-107 of RHP for peer comparison table). The company has professionally well qualified and well experienced management and a very lean board size. One thing to take note of is that one of the board members namely Ashish Agrawal was also a member of the board at Karvy Stock Broking Ltd. beginning 2010 till about 2017 although in a non-executive role. The entire operations team seems totally cut for the job with the exception of the recently appointed CTO Rohit Kilam who is a functional guy at best with an underwhelming profile heading a highly technical role. Without getting personal, an arts graduate heading technology doesn''t seem too well in our opinion. Remember, technology is what would drive and decide the future of all businesses and the CTO role needs to be chaired by a highly technical, extremely well qualified, and highly experienced professional to drive the company into its next phase of growth.

ABOUT THIS IPO: This is an out an out OFS and none of the proceeds of this IPO would go to the company. Therefore there would be no change in the NAV of the company due to funds generated through this IPO. However, the company has been generating sufficient cash from operations to fund its growth objectives along with meeting its normal operational expenses. The promoter would still maintain a controlling stake of over 65% in the company post this IPO. While there is nothing overly exciting about the company, it has proven to be a big player in a somewhat risky business. Its sustained growth and operational performance over the years along with good dividend payouts also make for a strong case to invest in it for mid to long term gains.

TO APPLY OR NOT: For investors looking to hold on for upto 3 years or more considering the issue price of the stock, it surely makes a compelling case for investment. For people looking solely at IPO listing gains, the current market liquidity crunch and the bearish market trend may play somewhat of a spoilsport. Quite a few QIBs have burnt their hands badly off late and if the final subscription numbers do not look healthy, the stock may see its GMP plummet or even turn to discount with the stock eventually getting a discounted listing. Even if that is not the case, expect only low to moderate gains in case the market stabilizes by week 1 of next year which seems highly unlikely. Personally, we would much rather pick it up from the secondary market considering the present scenario rather than block our capital and take risk it in the primary market.

Hope this would be of some help. Best Wishes & Happy Investing!

You are doing a good help, much appreciated.

@VijayKumarGopu, @AsokeSarkar, @KammaSivaRamaKrishna, @Makxykx, @JayVagheshwariMaa, @vforvendetta: Thanks for the appreciation.

@Makxykx, @Harjit: PE for SiS as of EoD today stands at 20.3 (CMP NSE - 448). Hope this helps.

@lokes: Yes, you are right. The listing price would depend on a lot of factors including but not limited to the final subscription tally and the overall market sentiment. Even if it opens at a slight premium, that differential would be well worth paying in the secondary market as a simple risk mitigation cost.

@ultrasnow: Yes, we would rather wait for a few days post listing to let the prices settle into a range while keeping a track of the overall market and peer performance.

Current GMP 30 Rs.

Hai experts

Can anyone explain full process of placing sell order on pre listing time. (Upstox)

@Harjit, SIS ltd FY22 qtr1 eps 3.95 and qtr2 eps 4.60 so FY22 TTM PE should be around 26 for current stock price 450
https://sisindia.com/wp-content/uploads/2021/10/Consolidated-Financials.pdf

Why so poor subscription on first day.

Dear Chittagorh team,

I am using your site for a long time almost more than 8 Years. I can see many Guru''s like EagleEye, Septa, PinkyJain etc are missing here. You have mail for all important people who build your Portal early days. I remember people who talk day and night about valuation and Peer comparison and industry analysis are missing here. Requesting the admin team to touch base with them. Request them to come back to Portal which will help everyone... My humble request.

Thx @CSK for your message. We will check with the old IPO Guru''s.

@ CSK right
We miss most senior Eagleye''s analysis in every IPO page
Request @ admin please try to email to Eagleye for come back in this portal if possible
Thank you