Shares of CMS Info Systems are going to debut in Indian stock market today. As per the information available on the BSE website, CMS Info Systems IPO Listing Date It is 31st December 2021 and the equity shares of CMS Info Systems Limited will be listed and admitted for dealing in the ‘B’ Group of Securities List on NSE and BSE. special pre-open session, According to stock market experts, the lack of investor interest regarding the public issue can also be seen in its listing. In anticipation of a weak listing of the public issue, he further said that CMS Info Systems may open in the range of shares. from 195 220 per share level.
Price predictions by stock market experts on CMS Info Systems
Speaking on the CMS Info Systems listing; Abhay Doshi, Founder, UnlistedArena.com, said, “CMS Info Systems is probably the last IPO to be listed in 2021. Even after adequate positioning and fair pricing, the issue received a half-hearted response to the Covid-19 pandemic. And the growth is dampening the sentiment of digital transactions. The lack of interest in this issue may show up on listings which can be muted. Thus, I am expecting its issue price to be at par with marginal listings around However, it will be interesting to see the performance of such companies post COVID-19 as ATM penetration in India is the lowest compared to other countries.
So, if we follow Abhay Doshi’s views, CMS Info Systems shares may open in range from 195 220 against its price band from 205 216 per share.
When asked about CMS Info Systems listing price; Ayush Agarwal, Senior Analyst, Swastika Investmart Ltd. said, “The issue received a muted response from the market receiving only 1.95x subscriptions. The proceeds of the entire IPO The offer for sale (OFS) of Rs 1,100 crore is another reason for the slow response from the market. CMS Info Systems also failed to perform in the gray market as it is trading at only 2.5 per cent of its issue price. The volatility in the market over the past few months and the slowdown in the last few listings may have added to this slow response. We expect the shares to be listed flat or at a discount of 10 per cent.”
echoed with thoughts of Abhay Doshi and Aayush Agarwal; Ravi Singh, Vice President and Research Head, ShareIndia said, “At this current juncture, when overall market movement is low, we expect CMS Info Systems shares to get listed at a discounted price. 200 to 210.”
CMS Info Systems GMP
As per market observers, CMS Info Systems is available at a premium to the stock 5 in the gray market today. This means, the gray market is expecting the shares of CMS Info Systems to get listed around 221 ( 216 + 5) level per share.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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