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List of Cms Info Systems shares at a premium of 2% compared to the issue price

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List of Cms Info Systems shares at a premium of 2% compared to the issue price

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CMS Info Systems shares listed on the BSE and NSE stock exchanges at a premium compared to their issue price. On BSE, the stock of Mumbai-based CMS Info Systems – a provider of cash management and automation solutions – listed at Rs 218.5 apiece, a premium of 1.2% over the price of issue of Rs 216. CMS Info shares started their journey on NSE at Rs 220.2 each, a premium of 1.9%.

CMS Info Systems’ debut on Dalal Street is part of the trend seen in the gray market, an unofficial market for unlisted securities, in recent days. Dealers said CMS Info Systems was ordering a GMP or gray market premium of Rs 3-5 before listing on ESB and NSE.

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CMS Info Systems’ stock market debut comes at a time when most IPOs have received a strong response from investors in recent times.

CMS Info Systems’ IPO, open for auction from December 21 to 23, saw an overall subscription of nearly twice the shares offered. The IPO received offers for 7.3 crore of shares against 3.8 crore of shares offered.

The portions reserved for Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) saw subscriptions of twice and 1.5 times respectively. The category of retail investors was counted 2.2 times.

Shares of CMS Info Systems were available to bid in a price range of 205-216 rupees each in multiples of 69 as part of the IPO.

List of Cms Info Systems shares at a premium of 2% compared to the issue price

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