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CMS Info Systems IPO Subscribed 40% On Day 1
Get the latest subscription updates from Day 1 of CMS Info Systems IPO.
21 Dec 2021, 05:22 PM IST
CMS Info Systems Ltd., India’s largest cash management company, kicked off its initial public offering on Tuesday.
The company promoted by private equity firm Barings Private Equity Asia will sell shares at Rs 205-216 apiece in the IPO—a pure offer for sale of Rs 1,100 crore by its promoter. It's seeking a market value of Rs 3,196.80 crore at the upper end of the price band.
The promoter is offering a 34.4% stake in the IPO. Its holding will fall to 65.6% after the share sale.
The issue will close on Dec. 23.
Subscription Details: Day 1
The IPO was subscribed 0.4 times or 40% as of 5 p.m. on Dec. 21.
Institutional investors: 0 times.
Non-institutional investors: 0.01 times.
Retail investors: 0.79 times.
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