InvestorQ : How was the first day listing performance of CMS Info Systems?
Dilmini Mercia made post

How was the first day listing performance of CMS Info Systems?

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Dawn Cherian answered.
4 months ago
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CMS Info Systems listed on 31st December at a premium of 1.94% on the NSE. However, despite a flat listing, the stock picked up steam through the day and closed much higher. The IPO was just subscribed 1.95 times and with limited action in GMP, the stock of CMS Info Systems was expected to list flat or at a discount. The actual listing was not only positive, but the stock actually gathered steam through the day.

With a price band of Rs.205 to Rs.216, the price was set at the upper end of the band of Rs.216. On 31-Dec, CMS Info Systems listed on NSE at a price of Rs.220.20, reflecting a listing premium of 1.94% over issue price of Rs.216. Even on the BSE, the stock listed at a premium of 1.16%. On both the stock exchanges, the stock gained sharply after a tepid listing, but did lose some steam in the last couple of hours.

On NSE, CMS Info Systems stock closed the day at Rs.241, indicating a first day premium of 11.57% at close and also a premium of 9.45% over the listing price. Even on the BSE, the stock of CMS Info Systems closed with gains of 9.91% over the issue price and 8.65%over the listing price. The stock closed the day with an overall market capitalization of under Rs.3,550 crore, which would classify the stock as a microcap stock.

On Friday, 31-Dec, the stock of CMS Info Systems scaled a high of Rs.259.60 and a low of Rs.215.10 on the NSE. The closing was around the mid-point between the high price and the low price for the day. Even on the BSE, the stock reported a high of Rs.260 and a low of Rs.215, once again closing the day somewhere between the high and low price of the day, showing that the momentum built on the listing price could not be sustained.

In terms of volumes on the NSE, CMS Info traded a total of 490.6 lakh shares on NSE adding up to total traded value of Rs.1,173 crore. CMS Info Systems was the most active stock on the NSE in terms of traded value on Friday, 31-December. Even on the BSE, the stock of CMS Info traded a total of 30.05 lakh with a traded value of Rs.71.62 crore. Even on the BSE, the stock of CMS Info was the third most active stock in terms of total traded value.

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