CMS Info Systems IPO: CMS Info Systems Limited’s initial public offering ended a week ago. The leading company’s public offering is expected to award shares to its bidders on Tuesday, December 28. The company is looking to mop up Rs 1,100 crore through its initial public offering, with 5.093 to 5.366 crore shares to sell. The public offering of the leading treasury management company saw 1.95 times the subscription according to data from the Bombay Stock Exchange. CMS Info Systems Limited is India’s largest cash management company based on the number of ATM points and the number of retail pick-up points as of March 31, 2021.
List of CMS Info Systems IPOs, repayment dates
CMS Info Systems’ IPO is expected to be listed on the National Stock Exchange, or NSE, and the Bombay Stock Exchange, or BSE. Listing will take place on December 31, while the allocation base will be declared on December 28. The basis for the allocation of an IPO is when its registrar publishes a document after finalizing the allocation of shares. This is based on regulatory guidelines. Refunds for those who will not be selected in the listing will be made on December 29 to their bank accounts. The credit to the mat account will be made on December 30. Bidders of the offer can check CMS Info Systems IPO listing on Registrar website LinkIntime India Private Limited or ESB website.
CMS Info Systems IPO Subscription
The first public issue of CMS Info Systems saw moderate demand from investors. While the show has only been subscribed 1.95 times, it has seen broadly similar claims across the category. The portion reserved for qualified institutional buyers was accounted for 1.98 times, while retail investors had made offers for 2.15 times the shares allocated to them. In contrast, the portion reserved for non-institutional investors was subscribed 1.45 times, according to data from the ESB.
CMS Info Systems IPO Price Range, Lot Size
CMS Info Systems’ IPO had a price range of Rs 205 to Rs 216 per share, the company said. Prior to the opening of the public offering, the company said it had raised Rs 330 crore through an anchor reservation through the allotment of 1,52,777,777 shares.
The Rs 1,100 crore issue is entirely an offer for sale by the promoter of sale Sion
Investment Holdings Pte. Ltd, who will receive all of the proceeds from the show. The OFS proceeds will be used to complete an offer for the sale of shares by promoters totaling up to Rs 1,100 crore and to obtain the benefits of listing the shares on the stock exchange. The lot size of the offer was 69, meaning that a buyer could buy a minimum of 69 shares and in multiples of 69.
The unlisted shares of CMS Info Systems IPO were fetching a premium of Rs 5 per day, which is only 2.31% of the upper price range of Rs 216. The low gray market premium of l The CMS Info Systems IPO showed a flat listing for the issue later this month.
CMS Info Systems Limited: Company Details
CMS Info Systems is India’s largest cash management company based on the number of ATM points and the number of retail outlets as of March 31, 2021. As of August 31, 2021, the company has a pan-Indian fleet of 3,965 cash vans; and the network of 238 branches and offices. It operates primarily in three business segments: cash management service which includes end-to-end ATM replenishment services, managed services which include sale of banking automation products, deployment and annual maintenance. associate; and Other services which include the issuance and end-to-end management of financial cards for banks and the card personalization service.
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