INSUBCONTINENT EXCLUSIVE:
Shares of CMS Info Systems will note on the bourses on December 31Cash management company CMS Information's shares would be listed on the
bourses tomorrow, December 31
In the grey market, the company's shares though were trading flat at Rs 10 (4.6 percent premium over the problem price, which according to
specialists may not lead to an outstanding launching at the stock exchanges.The business's shares will list both on the nationwide stock
market as well as on the Bombay stock exchange.The preliminary public deal (IPO) of CMS Info Systems was subscribed 1.95 times during
The portion for retail financiers was scheduled 2.15 times and the quota for certified institutional buyers saw 1.98 times subscription
Non-institutional investors bid for 1.45 times the shares reserved for them.The Rs 1,100 crore IPO was a complete market by the promoter
Sion Financial investment Holdings, an affiliate of Baring Private Equity Asia, at Rs 216 per share.CMS Details Systems is said to be the
country's largest cash management company in regards to variety of ATM points and the variety of retail pick-up points as of March 2021.
