CMS Info Systems IPO: What GMP Signs As All Eyes On Share Allocation

CMS Info System IPO GMP

Market Observers Said CMS Info System IPO GMP Today 9, which is 4 more than yesterday’s gray market premium (GMP) 5. He said that the public issue received a slow response from investors as 100 per cent OFS acted as a deterrent in attracting bidders. He further added that CMS Info Systems IPO GMP is moving around from 5 12 after the closing of the bid which gives a neutral signal for marginal listing of the shares of the company.

What does this GMP mean?

Market observers further said that the GMP is nothing but an indication about the expected premium from a public issue. IPO GMP Today as CMS Info System 9, it simply means gray market is expecting share listing of CMS Info System 225 ( 216 + 9), which is about 5 percent higher than its price band from 205 216 per equity share.

However, stock market experts believe that the financial position of the company gives a solid picture of the company. GMP has nothing to do with the financial position of the company and hence should not be taken seriously.

Throwing light on the fundamentals regarding CMS Info Systems; Ankur Saraswat Research Analyst at Trustline Securities said, “Pending the entire promoter stake, lack of experience of promoters, complete dependence on the banking sector, working in a highly regulated and controlled environment with limited clientele and extreme competition are some of the serious concerns. Feelings have been suppressed on this public issue.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.