CMS Info Systems IPO Subscribed 66% On Second Day Of Issue

The IPO received bids for 2,47,38,294 shares against 3,75,60,975 shares on offer

The initial public offer (IPO) of cash management company CMS Info Systems Limited was subscribed 66 per cent on the second day of its issue on Wednesday.

The IPO received bids for 2,47,38,294 shares against 3,75,60,975 shares on offer, according to NSE data.

The retail investors' category received 1.30 times subscription, while the category for non-institutional investors was subscribed 4 per cent.

The company's Rs 1,100-crore public issue is a pure offer for sale (OFS) by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.