CMS Info Systems Shares To List On Bourses Tomorrow
NDTV
Cash management company CMS Info's shares would be listed on the bourses tomorrow, December 31
Cash management company CMS Info's shares would be listed on the bourses tomorrow, December 31. In the grey market, the company's shares though were trading flat at Rs 10 (4.6 per cent premium over the issue price, which according to experts may not lead to an impressive debut at the stock exchanges.
The company's shares will list both on the national stock exchange as well as on the Bombay stock exchange.
The initial public offer (IPO) of CMS Info Systems was subscribed 1.95 times during December 21-23. The portion for retail investors was booked 2.15 times and the quota for qualified institutional buyers saw 1.98 times subscription. Non-institutional investors bid for 1.45 times the shares reserved for them.
