HomeBusinessCMS Info Systems IPO Subscribed 40% On First Day Of Issue

CMS Info Systems IPO Subscribed 40% On First Day Of Issue

CMS Info Systems IPO Subscribed 40% On First Day Of Issue

CMS Info Systems Limited’s preliminary public supply was subscribed 40 per cent on first day of concern

New Delhi:

Cash administration firm CMS Info Systems Limited’s preliminary public supply (IPO) was subscribed 40 per cent on the primary day of its concern on Tuesday.

The IPO obtained bids for 1,48,92,132 shares towards 3,75,60,975 shares on supply, in keeping with NSE knowledge.

The class for retail traders was subscribed 79 per cent whereas non-institutional traders class was subscribed 1 per cent.

The firm’s Rs 1,100-crore public concern is a pure supply on the market (OFS) by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.

The value vary of the IPO is Rs 205-216 per share.

CMS gives money administration providers, which embrace ATM providers, and money supply and pick-up. The firm’s built-in enterprise platform is supported by customised know-how and course of controls, which allows it to supply clients a variety of tailor-made money administration and managed providers options.

Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial are the e book working lead managers to the difficulty.

The fairness shares of the corporate will likely be listed on the Bombay inventory trade and National inventory trade.

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