CMS Info Systems IPO Update The maiden public... ... Stock Market Live Updates: Indices trade higher with Nifty above 17,000; MedPlus Health Services lists at 30% premium

CMS Info Systems IPO Update

The maiden public offering of leading cash management company CMS Info Systems has managed to receive good response from investors on its last day of subscription. The offer has seen a 1.33 times subscription so far on December 23, backed largely by qualified institutional buyers and retail investors.

The offer has received bids for 4.98 crore crore equity shares against the IPO size of 3.75 crore equity shares.

Retail investors have put in bids 1.79 times the allotted quota and non-institutional investors have bid 33 percent of their reserved portion.

The portion reserved for qualified institutional buyers was subscribed 1.26 times.