The stock listed at Rs 218.50, a gain of 1.15 per cent on the BSE. It further jumped 12.84 per cent to Rs 243.75. At the NSE, it made its debut at Rs 220.20, a premium of 1.94 per cent.
CMS Info Systems raised Rs 1,000 crore from the IPO which was an offer for sale by its promoters.
The offer has received bids for 7.32 crore equity shares against the IPO size of 3.75 crore equity shares. The qualified institutional buyers' portion was subscribed 1.98 times.
CMS Info Systems has allotted 1.53 crore equity shares to 12 anchor investors at Rs 216 apiece, aggregating to Rs 330 crore, according to a circular uploaded on the BSE website.
The initial share-sale will be open for public subscription during December 21-23.The bidding for anchor investors will open on December 20, according to the company.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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