 "IPO, shares, company, firms, market")
The initial public offering (IPO) of CMS Info Systems was subscribed 1.95x on Thursday — the concluding day of the issue. The institutional portion was subscribed nearly 2x.
The portion reserved for wealthy investors was subscribed 1.45x; the retail portion 2.15x.
On Monday, the company raised Rs 330 crore from anchor investors. Goldman Sachs, Nomura, and BNP Paribas were among the investors who participated in the anchor allotment.
CMS Info Systems had priced its IPO between Rs 205 and Rs 216 per equity share. The Rs 1,100-crore IPO was entirely an offer for sale.
CMS Info Systems is one of India’s
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