The Rs 1,100-crore public situation of CMS Information Methods consisted of a pure provide on the market (OFS) by promoter Sion Funding Holdings Pte Restricted, an affiliate of Baring Non-public Fairness Asia.
CMS Information Methods witnessed a flat itemizing on exchanges as shares opened mere 1.16% up from situation worth at Rs 218.50 on Friday. CMS Information Methods, one of many largest money administration firms in India, is the final agency to record on the inventory exchanges in 2021. The IPO of CMS Information Methods was subscribed 1.56 instances until the final date of provide on 23 December, receiving a good response from traders. The provide acquired bids for about 5.86 crore shares in opposition to 3,75,60,975 shares on provide, in response to NSE information.
The Rs 1,100-crore public situation consists of a pure provide on the market (OFS) by promoter Sion Funding Holdings Pte Restricted, an affiliate of Baring Non-public Fairness Asia. The value vary of CMS Information Methods IPO was set at Rs 205-216 per share. Axis Capital, DAM Capital Advisors, Jefferies India, and JM Monetary are managing the general public situation.
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