CMS Info Systems files DRHP with SEBI to garner Rs 2,000 crore via IPO

CMS Info Systems has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 2,000 crore through an initial public offering (IPO).

Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial are appointed as the book running lead managers to the issue. The equity shares of the company will be listed on BSE and NSE.

CMS provides cash management services, which include ATM services, and cash delivery and pick-up. The company's integrated business platform is supported by customized technology and process controls, which enables it to offer customers a wide range of tailored cash management and managed services solutions.