New Delhi, Dec 31: 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.
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.
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. (PTI)
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