CMS Info Systems share price up 15% intraday after a weak debut
CMS Info Systems IPO made a weak debut by listing at 2% premium at Rs 224. IPO which opened for subscription on December 20th has been subscribed 1.95 times at the end of the final day of the issue. The company had looked to raise Rs 1100 crore.
CMS Info Systems IPO: Subscription details
The portion reserved for Qualified institutional investors making up 50% of the issue, got subscribed by 1.98 times. Non-institutional investors' portion saw an overall subscription of 1.45 times. Retail portion with the portion reserved for them (35%) getting an overall subscription of 2.15 times. The details of subscription numbers across categories is listed below.
CMS Info Systems IPO: INDmoney review recap
INDmoney had given a Positive rating on the issue
“Given factors such as strong growth in bottomline, healthy margins, robust return ratios, good growth visibility, robust runway for growth and attractive valuations, we remain “positive” on the prospects of this issue.,” we had said in our December 20th report.
CMS Info Systems IPO allotment date
The finalization of Basis of Allotment for CMS Info Systems IPO will be done on Dec 28, 2021, and the allotted shares will be credited to your demat account by Dec 29, 2021.
CMS Info Systems IPO listing date
The CMS Info Systems IPO got listed on Dec 31, 2021. The company made a weak debut by getting listed at just 2% premium at Rs 224 from the issue price of 220. The stock however rallied after getting listed to Rs 250 up 15% from listing.