CMS Info Systems IPO Listing at 1.94% Premium

CMS Info Systems had a flat to positive listing on 31st December and listed at a premium of 1.94% on the NSE. Despite a flat listing, the stock did manage to edge higher after the listing in the morning. At the close, the stock of CMS Info Systems closed well above the IPO issue price on 31-December.

With 1.95 times subscription and with limited action in the grey market, CMS Info Systems was expected to list flat or at a discount to the issue price. However, actual listing was much better  than expected. Here is the CMS Info Systems listing story on both the stock exchanges on 31st Dec.

The IPO price was fixed at the upper end of the band at Rs.216 which was rather surprising considering that the issue was subscribed just about 1.95 times overall with limited interest from the Retail, HNI and the QIB segment.

The price band for the CMS Info System IPO was Rs.205 to Rs.216. On 31st Dec, the stock of CMS Info Systems listed on the NSE at a price of Rs.220.20, a premium of 1.94% on the issue price of Rs.216. On the BSE also, the stock listed at Rs.218.50 a premium of 1.16% over the issue price.

On the NSE, CMS Info Systems closed on 31st Dec at a price level of Rs.241, a first day closing premium of 11.57% on the issue price of Rs.216. The closing price was 9.45% above the listing price due to stock price edging up post listing.

On the BSE, the stock closed at Rs.237.40, a first day closing premium of 9.91% on the issue price, but the stock closed just 8.65% above the listing price. On both the exchanges, the stock listed at a small premium to the issue price but later gathered steam during the day.

On Day-1 of listing, CMS Info Systems touched a high of Rs.259.60 on the NSE and a low of Rs.215.10, losing some steam after the morning rally. On Day-1 of listing, the CMS Info Systems stock traded a total of 490.60 lakh shares on NSE amounting to value of Rs.1,173.27 crore.  On 31-Dec, CMS Info Systems was the No.1 most active stock on the NSE in terms of traded value and the 7th most active in terms of number of shares traded.

On the BSE, CMS Info Systems touched a high of Rs.260 and a low of Rs.215, losing a good deal of the early morning gains. On the BSE, the stock traded a total of 30.05 lakh shares amounting to value of Rs.71.62 crore. On 31-Dec, CMS Info Systems was the 3rd most active stocks on the BSE in terms of traded value.

At the close of Day-1 of listing, CMS Info Systems had a market capitalization of Rs.3,513.52 crore with free-float market cap of Rs.808.11 crore.

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