News Details

( As on 31/12/2021 09:50)

CMS Info Systems Ltd. debuts with 1.15% premium at Rs 218.50

CMS Info Systems Ltd. makes a strong debut on the bourses with scrip got listed at Rs 218.50 on the Bombay Stock Exchange, a 1.15 per cent premium to its issue price of Rs 216.00. On the National Stock Exchange, the stock was listed at Rs 220.20.

The company, which raised 5.09 Cr from initial public offering, was subscribed 1.31 times, receiving bids for 667.28 lakhs shares against the total issue size of 509.26 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Dec 21 to Dec 23.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Axis Capital Ltd.,Jefferies India Pvt. Ltd.,JM Financial Ltd.,DAM Capital Advisors Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 57,794.32, down 12.17 points, or 0.02 per cent.