CMS Info Systems Limited IPO Message Board (Page 13)

Yes as they are trying to grow on software (managed services side)

A clear no for long term.

That''s exactly what I was thinking. How can this business have long term sustainability? I am staying away.

GMP to batavo re baba....

Grey Market Premium, an expected gain.
Waise Google baba bhi h.

Without listing there is no meaning of ESOPs. 2ndly companies are able to borrow at better rates if they are listed with diversified shareholding
3rdly please do deep dive in financials of the company and let all of us know about problem points. I did not find any except the routine ones

Thanks for the explanation.

Would have appreciated a slightly better tone though.

Further to what arunARUN has mentioned,
a. it is a 100% OFS issue
b. Listing benefits, better visibility, perception of greater compliance standards of a listed company

Unlisted Company doesn''t command big valuations. Consider when Infy/Facebook or even Nykka & Devayani got listed overnight their valuations jumped many fold.

@Rajkumar Ji
The promoter of CMS Info system is Sion Investment Holdings Pte. Limited (Affliate of Baring PE Asia)
They hold 100% of this company.

I think the reason for listing is to get a Partial Exit at a good valuation and hold rest of the shares.
As you may be aware that Private Equity firms have the need to exit in their DNA so that they can move on to a newer , better , shinier opportunity .

Anyways they acquired CMS for 2000 Crore in 2015 and now around 6 years later they are they are offering around 35% for 1100 Crore.
So this is a good opportunity to exit for them.

Actually this Co. Was previously owned by Blackstone who had acquired majority stakes from Promoters in 2009 for 280 Crores
So the big money has been made by Blackstone in 2015 - more than 4 times.

The returns for Baring PE have not been good I think and in March too they tried to sell Privately , but finally came for an IPO.
They need the funds to invest in other opportunities and move on .
BTW earlier it was an OFS for 2000 Cr (Thinking of recovering Investment - I think) - but reduced later to 1100 Cr.

I hope I made some sense.

Would appreciate some replies and discussion if required .

Thanks lokes for views on these two . both looks good. whats your view on T2T HP adhesive. worth applying? HNI can go 20x-50x...No gmp news in market? NO QIB so far, but alot of retail apps seems.

For better gains Supriya, for better chance of allotment CMS.

This issue is 35% retail and large so i dont see retail portion going 30 X times. However 8 to 12 times is possible. Depends upon anchor and market mood next week

Max 15 times in retail quota. Application wise 12-13 times.
If GMP will be more than 50%.

Max retail can''t exceed 23 or 24.
Depending upon prevailing trend I guess it won''t exceed 20.in retail

15× retail

My estimate was not good. Money will be blocked in other IPO and market sentiment again red at end. Similar to CMS number it should command.

Retail would be more than 100x