INSUBCONTINENT EXCLUSIVE:
CMS Info offers cash management services.New Delhi: The initial public offering (IPO) of cash management company CMS Info Systems -- which
opened for subscription on December 21 -- garnered a tepid response from retail investors on the final day of bidding
The initial share sale on Thursday attracted bids for 4.67 crore equity shares against the IPO size of 3.75 crore shares, being subscribed
subscribed 0.24 times.The portion reserved for qualified institutional buyers was subscribed 1.22 times.The price band for the public offer
has been kept at Rs 205-216 a share
Investors can bid for a minimum of 69 shares and in multiples of 69 thereafter
Retail investors can invest a minimum of Rs 14,904 in one lot, and a maximum of Rs 1,93,752 in 13 lots.The Rs 1,100-crore IPO is a complete
services like ATM services, cash delivery and pick-up
It caters to a broad set of outsourcing requirements for banks, financial institutions, organised retail and e-commerce companies in
India.Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial are the book running lead managers to the issue.
