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CMS Info Systems IPO: 66 percent subscribed on the second day, you can invest money tomorrow, check…

CMS Info Systems IPO: If you are also planning to invest money in an IPO at the end of the year, then this is news of work. This year many IPOs in the country have made investors rich. The IPO of CMS Info Systems is still open for subscription. If you are planning to earn money from the market, then you have one more day left i.e. tomorrow also you will be open for IPO subscription of the company.

NSE released data
The initial public offering (IPO) of cash management company CMS Info Systems got 66 per cent subscription for the second day on Wednesday. According to the data released on the National Stock Exchange, as against 3,75,60,975 shares offered under the IPO, bids have been received for 2,47,38,294 shares.

Know how much was subscribed by whom?
Retail individual investors subscribed 1.30 times and non-institutional investors 4 percent. The company’s Rs 1100 crore IPO includes an offer for sale of all shares of promoter Sion Investment Holdings Pte Ltd.

Check Price Band
The price band of CMS Info Systems IPO has been fixed at Rs 205-216. The company plans to raise Rs 1100 crore through this IPO. Investors will get a chance to subscribe for 69 shares in one go and thereafter investors can invest in multiples of 69.

What is the business of the company?
CMS Info Systems does the work of cash management in ATMs for banks across the country, as well as from ATM installation to maintenance. CMS Info Systems is the country’s largest cash management company based on ATM points and retail pickup points. Along with 3911 cash vans, the company has 224 branches across the country as of March 2021.

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who is professional full time tech, travel and coding enthusiast with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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