Thursday, May 30, 2024

CMS Info Systems shares make a flat listing on stock exchanges

by JKREVOLUTION
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New Delhi: CMS Info System shares made a flat listing today as the cash management player listed at Rs 220.2 on NSE, a premium of just 2 per cent, over its issue price of Rs 216. On BSE, the counter listed at Rs 218.5.

CMS Info Systems had raised Rs 1,100 crore via its initial offering, selling shares in the range of Rs 205-216 apiece between December 21-23. The issue received a muted response from investors as it was overall subscribed less than two times.

CMS Info Systems Limited is India’s largest cash management company in terms of the number of ATM points and retail pick-up points as of March 31, 2021.

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