CMS Info Systems raises ₹330 crores from Anchor Investors ahead of IPO

Asia’s leading manufacturers of solvent cement CMS Info Systems raised ₹330 crores from anchor investors on December 20, 2021 Monday before the IPO. The CMS Info Systems IPO is to open on December 21, Tuesday. The company allotted a total of 1,52,77,777 equity shares to 12 Anchor investors at an upper price band of ₹216. The anchor investors list includes 3 Mutual Funds through a total of 5 schemes. The company is going to raise ₹700 crores. Check out the final list of CMS Info Systems Anchor Investors given below:

CMS Info Systems Anchor Investors List:

The IPO Committee of the Company at their meeting held on December 20, 2021, in consultation with Axis Capital Limited, DAM Capital Advisors Limited, Jefferies India Private Limited and JM Financial Limited, the book running lead managers (“BRLMs”), have finalized allocation of 1,52,77,777 equity shares, to Anchor Investors at the Anchor Investor Allocation Price of ₹216/- per Equity Share (including share premium of ₹206/- per Equity Share). The details are given below: