Latest News | CMS Info Systems Shares List with Nearly 2 Pc Premium

New Delhi, Dec 31 (PTI) Shares of cash management company CMS Info Systems Ltd on Friday listed with nearly 2 per cent premium against its issue price of Rs 216.

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.

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At the NSE, it made its debut at Rs 220.20, a premium of 1.94 per cent.

The company commanded a market valuation of Rs 3,505.38 crore.

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CMS Info Systems Limited's initial public offering (IPO) was subscribed 1.95 times. The price range of the IPO was at Rs 205-216 per share.

CMS provides cash management services, which include ATM services, and cash delivery and pick-up.

The company's integrated business platform is supported by customised technology and process controls, which enables it to offer customers a wide range of tailored cash management and managed services solutions.

It caters to a broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)