{"id":10701,"date":"2021-12-22T19:03:28","date_gmt":"2021-12-22T13:33:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-cmsinfo-3\/"},"modified":"2021-12-22T19:03:28","modified_gmt":"2021-12-22T13:33:28","slug":"biz-ipo-cmsinfo-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-cmsinfo-3\/","title":{"rendered":"CMS Info Systems IPO subscribed 66 pc on Day 2 of offer"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3939482942\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 22 (PTI) The initial public offering of cash management company CMS Info Systems Limited was subscribed 66 per cent on the second day of subscription on Wednesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1369378450\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The IPO received bids for 2,47,38,294 shares against 3,75,60,975 shares on offer, according to NSE data.<\/p>\n<p>The category for Retail Individual Investors (RIIs) received 1.30 times subscription, while those for non-institutional investors was subscribed 4 per cent.<\/p>\n<p>The company&#8217;s Rs 1,100-crore public issue is a pure offer for sale (OFS) by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.<\/p><div class=\"trade-content_5\" id=\"trade-3427743778\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        The price range of the IPO is Rs 205-216 per share.<\/p>\n<p>        CMS provides cash management services, which include ATM services, and cash delivery and pick-up.              The company&#8217;s integrated business platform is supported by customised technology and process controls, which enables it to offer customers a wide range of tailored cash management and managed services solutions.               It caters to broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India.<\/p>\n<p>        Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial are the book running lead managers to the issue.<\/p>\n<p>        The equity shares of the company will be listed on BSE and NSE. PTI SUM       SUM RUJ RUJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-1124315368\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 22 (PTI) The initial public offering of cash management company CMS Info Systems Limited was subscribed 66 per cent on the second day of subscription on Wednesday. The IPO received bids for 2,47,38,294 shares against 3,75,60,975 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 1.30 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516,31],"tags":[],"class_list":["post-10701","post","type-post","status-publish","format-standard","hentry","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CMS Info Systems IPO subscribed 66 pc on Day 2 of offer - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ipo-cmsinfo-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CMS Info Systems IPO subscribed 66 pc on Day 2 of offer\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 22 (PTI) The initial public offering of cash management company CMS Info Systems Limited was subscribed 66 per cent on the second day of subscription on Wednesday. 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