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CMS Info Systems IPO Subscribed 1.24 Times On Final Day Of Issue

CMS Information affords money administration providers.

New Delhi: The preliminary public providing (IPO) of money administration firm CMS Information Methods — which opened for subscription on December 21 — garnered a tepid response from retail traders on the ultimate day of bidding. The preliminary share sale on Thursday attracted bids for 4.67 crore fairness shares towards the IPO dimension of three.75 crore shares, being subscribed 1.24 instances. 

As of 1:02 pm, retail particular person traders’ portion was subscribed 1.69 instances, and non-institutional traders’ class was subscribed 0.24 instances.

The portion reserved for certified institutional consumers was subscribed 1.22 instances.

The worth band for the general public supply has been saved at Rs 205-216 a share. Buyers can bid for no less than 69 shares and in multiples of 69 thereafter. Retail traders can make investments a minimal of Rs 14,904 in a single lot, and a most of Rs 1,93,752 in 13 heaps.

The Rs 1,100-crore IPO is an entire supply on the market by promoter Sion Funding Holdings – which holds 100 per cent stake within the firm. 

CMS Information affords money administration providers like ATM providers, money supply and pick-up. It caters to a broad set of outsourcing necessities for banks, monetary establishments, organised retail and e-commerce firms in India.

Axis Capital, DAM Capital Advisors, Jefferies India, and JM Monetary are the ebook operating lead managers to the difficulty.

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