Business

Information System CMS obtained Rs 330 from anchor investors before IPO


CMS Information System IPO will open tomorrow, Company collects Rs 330 from neo investors

CMS Info Systems IPO will open tomorrow for registration

CMS Info Systems, one of the major cash management companies in the country, has obtained Rs 330 crore from 12 anchor investors ahead of its initial public offering (IPO), which will open for registration tomorrow 21 December. Offer will end on December 23.

The company, in an application to the Bombay Stock Exchange (BSE), said that it has completed the allocation of 1,52,7,7777 equity shares to investors, at a price of Rs 216 per share. equity.

Investors who have invested in the company through the anchor book are ICICI Prudential, Nomura India, SBI Mutual Fund, WF Asian Reconnaissance Fund, Aditya Birla Sun Life, Goldmans Sachs, SBI Life Insurance, Abakkus Emerging Opportunities Fund, Theleme India Master Fund and BNP Arbitrage Paribas.

CMS aims to raise Rs 1,100 crore from its public release. The IPO is purely an offering by the advertising company Sion Investment Holdings Pte Limited, so all the money will be transferred to the selling shareholder and the company will not receive any money from the offering.

The price range for the offer has been fixed at Rs 205-216 per equity share.

The company has reserved half of the offer size for qualified institutional buyers (including fixed-term investors), 35% for retail investors, and the remainder for non-investors. organization.

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