CMS Info Systems, one of the largest cash management firms in the country, has raised Rs 330 crore from 12 anchor investors ahead of its initial public offering (IPO), which will be open for subscription tomorrow, December 21. The offer closes on December 23.
The company said in a filing with the Bombay Stock Exchange (BSE) that it has completed the allotment of 1,52,77,777 shares to anchor investors, at a price of Rs 216 per share.
The investors who have invested in the company through the anchor book are ICICI Prudential, Nomura India, SBI Mutual Fund, WF Asian Reconnaissance Fund, Aditya Birla Sun Life, Goldmans Sachs, SBI Life Insurance, Abakkus Emerging Opportunities Fund, Theleme India Master Fund and BNP Paribas arbitration.
CMS aims to raise Rs 1,100 crore from its public issuance. The IPO is entirely an offer for sale by promoter Sion Investment Holdings Pte Limited, therefore all money will go to the selling shareholder and the company will not get any money from the offer.
The price range for the offer is set at Rs 205-216 per share share.
The company has reserved half of its offerings for qualified institutional buyers (including anchor investors), 35 percent for retail investors and the rest for non-institutional investors.