CMS Info provides cash management services.
New Delhi: Cash management company CMS Info Systems’ initial public offering (IPO) – which went on sale on December 21 – received a fierce response from retail investors on match day. final contractor. The first share sale on Thursday attracted bids of 4.67 crore shares compared to the IPO size of 3.75 crore shares, registered 1.24 times.
As of 1:02 pm, the retail individual investor section has been registered 1.69 times, and the non-institutional investor section has been registered 0.24 times.
The section dedicated to qualifying institutional buyers has been registered 1.22 times.
The public offering price range is kept at Rs 205-216 per share. Investors can bid a minimum of 69 shares and multiples of 69 after that. Retail investors can invest a minimum of Rs 14,904 in one lot and a maximum of Rs 1,93,752 for 13 lots.
The Rs 1,100 IPO is a complete offering by the promoter Sion Investment Holdings – which holds 100% of the shares of the company.
CMS Info provides cash management services such as ATM service, cash delivery and receipt. It fulfills a wide range of outsourcing requirements for banks, financial institutions, e-commerce companies and organized retail in India.
Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial are top managers’ guides on the subject.
