CMS Info Systems IPO
CMS Info Systems Limited (CMSINFO) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 31 December 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -3.5% (likely range -18% to +10%), day's high +2.2%, chance of a gain 33%. Actual: +1.9% at the open, +20.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,07,31,706 | 2,12,98,644 | 1.98x | |
| NII (HNI) total | 80,48,781 | 1,16,46,303 | 1.45x | |
| Retail | 1,87,80,488 | 4,03,26,774 | 2.15x | |
| Total | 3,75,60,975 | 7,32,71,721 | 1.95x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 43% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to CMS Info Systems's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| Suryoday Small Finance BankMar 2021 | 2.18x | 1.31x | 3.09x | 2.37x | ₹582 Cr | -4.3% | -2.8% |
| Rail Vikas NigamApr 2019 | 1.36x | 0.80x | 2.93x | 1.83x | ₹842 Cr | 0.0% | +4.2% |
| S J S EnterprisesNov 2021 | 1.42x | 2.32x | 1.38x | 1.59x | ₹817 Cr | 0.0% | +1.7% |
| UTI Asset Management CompanyOct 2020 | 3.34x | 0.93x | 2.32x | 2.31x | ₹2,160 Cr | -9.8% | -4.3% |
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| DAM Capital Advisors Limited (Formerly | 3 | +18.0% | 100% |
Offer documents (NSE)
Frequently asked
What is the CMS Info Systems IPO price band and lot size? ₹205–216 per share, with a lot of 69 shares, so the smallest retail bid is ₹14,904.
How many times has it been subscribed? 1.95x overall: QIB 1.98x, NII 1.45x, retail 2.15x.
How did it list? It opened at ₹220, +1.9% against the issue price of ₹216, and closed its first day +10.3%.
