CMS Info Systems IPO share allotment status, GMP and listing; All you want to know
CMS Info Systems IPO listing date was today and the Mumbai-based cash management company made a weak debut on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). On the issue price band of Rs. 205-216 each, the stock was listed at Rs. 218.50, which is 1.16 percent higher than the price band. However, most experts had indicated ahead of the listing that its debut was going to be flat. Therefore, poor returns from the CMS Info Systems IPO may not have come as a complete shock to investors. In fact, even CMS Info Systems GMP (grey market premium) was weak, which again suggested poor listing gains.
The public issue for CMS Info Systems had opened for subscription on December 21 and closed after three days on December 23, 2021. The issue received poor response from the investors as it was subscribed 1.95 times on the final day of the bidding process. According to NSE data, the CMS Info Systems IPO got bids for around 5.86 crore shares against the 3,75,60,975 shares on offer.
Furthermore, the cash management company introduced an initial public offering (IPO) at a time when the government was pushing for digitisation. Additionally, during the lockdown due to the pandemic, the company's finances dropped slightly as clients transferred some of their transactions to digital payments.
According to BSE data, the company's market capitalisation was Rs. 3,233 crores when it was listed. At 10.35 am today, the shares of CMS Info Systems were trading at Rs. 238. However, if you haven't even checked the allotment status, here is how to do so:
CMS Info Systems IPO share allotment via BSE