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CMS Info Systems Listing Tomorrow: What To Expect?

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The issue of CMS Info-the cash management company serving financial entities garnered a feeble response. Further as its listing is due tomorrow i.e December 31, 2021, the grey market premium for the stock in the unlisted market hints at a subdued listing.

 
CMS Info Systems Listing Tomorrow: What To Expect?

As per a leading publication, the shares of CMS Info command a premium of just Rs. 5 as against the IPO issue size of Rs. 216. "The valuations were not highly aggressive to its peers. Investors should see how ATM demand pans out in India after Covid-19 and focus on digital transactions," notes an expert in the leading publication. The grey market premium as well as the current market momentum primarily determine the stock's and stockholder's fortune on listing.

The issue of the company ran between December 21-23 and offered shares in the price band of Rs. 205-216 per share, having mopped up Rs. 1100 crore.

The issue has been a complete OFS and the various negatives highlighted for the firm include lack of promoters' experience, working in a highly regulated banking environment as well as pledging of the full promoter stake.

GoodReturns.in

Read more about: ipo listing cms info systems
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