CMS Info Systems Share Price: cash management company shares CMS Info Systems The opening was weak and today the stock was listed at a premium of about 2 per cent over its issue price.
The stock listed at Rs 220.20 on the National Stock Exchange (NSE), registering a gain of 1.94 per cent over its offer price of Rs 216.00, while it opened at Rs 218.50, up 1.16 per cent on the BSE. issue price.
However, the stock climbed from its opening level and touched a high of Rs 253.00 on both BSE and NSE within minutes.
At 10:45 am, the stock was trading at Rs 250.45 on the BSE, up 15.95 per cent from the issue price, while it was up 15.81 per cent at Rs 250.15 on the NSE. BSE data showed the market capitalization stood at Rs 3,706.66 crore.
Over 2.67 crore shares of CMS Info Systems were traded on the NSE so far, while around 16.93 lakh shares were exchanged on the BSE, data from the respective stock exchanges showed.
CMS provides cash management services including ATM services, and cash delivery and pickup. The company’s integrated trading platform is backed by optimized technology and process control, which enables it to offer a wide range of tailored cash management and managed services solutions to its clients.
It caters to a broad set of outsourcing requirements for banks, financial institutions, organized retail and e-commerce companies in India. It operates business in three segments – Cash Management Services, Managed Services and Others.
The IPO was met with moderately high demand during the offering period of December 21-23, 2021 subscribed 1.95 times on the last day.
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