CMS Infosystems IPO (initial public offer) was subscribed 1.95 times at 05:00 pm on the final day on Thursday. The issue received bids for 7,32,71,721 shares as against the reserved quota of 3,75,60,975 on the third day of the issue.   

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The retail investors continued to lead the suscription as the Retail Individual Investors (RIIs) portion was booked the issue 2.15 times. The QIBs and the NIIs quotas were filled 1.98 and 1.45 times, respectively, on Day 3.  

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At the end of Day 2, the public issue of CMS Info Systems saw a subscription of 66 per cent, while retail investors have placed a bid for 1.3 times of their reserved quota.  

On the first day on Tuesday, CMS Infosystems IPO was subscribed 0.40 times at 5 pm.  

The provider of cash management services, including ATM services and cash delivery and pick-up, has fixed a price band of Rs 205-216 per share for this IPO.  

The company size is worth Rs 1,100-crore. CMS Info Systems has cut its IPO size to Rs 1,100 crore from Rs 2,000 crore earlier. The public issue is purely an offer for sale by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.

Earlier today, shares of MedPlus Health Services Limited initial public offer (IPO) made a strong stock market debut on the bourses on Thursday, December 23, 2021. At 9.48 am, shares of India's second-largest pharmacy retail chain were listed at Rs 1015 per share on the BSE against an issue price of Rs 796 on Thursday. Investors made a profit of Rs 219.00 or 27.51% per share on the debut.  On the NSE, shares debuted at Rs 1040, a gain of 30%.

CMS Infosystems IPO Timeline
Application start date: December 21, 2021
Application end date: December 23, 2021
Application begins on: December 28, 2021
Refund initiation date: December 29, 2021
Allotment date: December 30, 2021
Listing date: December 31, 2021