The CMS Info Systems Limited Initial Public Offer was 40% registered on the first day of release
New Delhi:
Cash management company CMS Info Systems Limited’s initial public offering (IPO) was 40% registered on its first day of issuance on Tuesday.
According to NSE data, the IPO received an order of 1,48,92,132 shares compared to 3,75,60,975 shares offered for sale.
The retail investor portfolio is registered 79% while the non-institutional investor portfolio is 1% registered.
The company’s Rs 1,100 public offering was a pure offering (OFS) by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.
The price range of the IPO is Rs 205-216 per share.
CMS provides cash management services, including ATM services, cash delivery and receipt. The company’s integrated business platform is supported by custom technology and process control, allowing it to offer customers a wide range of cash management solutions and tailored services.
Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial are top managers’ guides on the subject.
The company’s shares will be listed on the Bombay Stock Exchange and the National Stock Exchange.
