CMS Infosystems IPO listing: Shares list at Rs 220 over issue price of Rs 216

CMS Info systems IPO listing

CMS Info Systems IPO: The shares of CMS Info Systems, which floated its initial public offering earlier this month, saw a tepid listing at the bourses on Friday, December 31. The shares of the cash management major got listed at Rs 218.50 per share on the Bombay Stock Exchnage. This was only 1.16 per cent higher than the price band of Rs 205 to Rs 216, data showed.

Post listing at 10:30 am, the shares surged a bit higher to Rs 221 on BSE. On the National Stock Exchange, the CMS Info Systems shares got listed at Rs 220 a piece on Friday. This was about 2 per cent premium on the price band of the CMS Info Systems IPO.

CMS Info systems IPO listing price prediction

Speaking on CMS Info Systems listing; Abhay Doshi, Founder at UnlistedArena.com said, “CMS Info Systems is probably the last IPO to be listed in 2021. Even after having a substantial position and reasonable pricing, the issue got a half-hearted response. Covid-19 pandemic and increase of digital transactions have been dampening the sentiments.

The lack of interest in the issue may be reflected on the listing which can be muted. Thus, I am expecting at par to marginal listing around its issue price. However, post-Covid-19 it would be interesting to watch performance of such companies as ATM penetration in India remained to be lowest compared to other countries.”

So, if we go by Abhay Doshi’s views, CMS Info Systems shares may open in the range of 195 to 220 against its price band of 205 to 216 per share.

CMS Info Systems GMP

Date GMP in rupees
Dec 30
Dec 29
Dec 28
Dec 27
Dec 26 5
Dec 25 5
Dec 24 5
Dec 23 35
Dec 22 35
Dec 21 35

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