CMS Info Systems, a Cash Management and Payment Solutions company, is all set to launch its Initial Public Offering ( IPO) on December 21, with the price band fixed for its public issue at Rs 205-216 per equity share.

The window for bidding for a subscription will open on December 21 and continue till December 23.

The company aims to raise Rs 1,100 crore from share-sale. The offer is entirely an offer-for-sale by promoter Sion Investment Holdings Pte Limited, which will dilute up to 35% of its 100 per cent stake in the company.

Fifty percent of the offer is earmarked for Qualified Institutional Buyers (QIBs), while 35 percent and the remaining 15 percent quota are allotted to retail investors and non-institutional investors, respectively.

Investors can invest a minimum of 69 equity shares and multiples of 69 shares. Retail investors can buy a single lot for Rs 14,904, climbing up to the maximum investment of Rs 1,93,752 (897 shares* Rs 216) or 13 lots.

CMS Info Systems recorded a revenue of Rs 1,306.09 crore in fiscal year 21, while in the year-ago period, revenue came at Rs 1,383.24 crore. Profit for fiscal 21 rose to Rs 168.52 crore from Rs 134.7 crore in the year-ago period.

Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial are the book running lead managers to the share sale.