Mumbai: CMS Info Systems Limited (The “Company”) to open its Bid / Offer in relation to its initial public offering on December 21, 2021.
The Price Band of the offer has been fixed at Rs. 205 to Rs. 216 per equity share. Bids can be made for a minimum of 69 equity shares and in multiples of 69 equity shares thereafter.
The company plans to raise funds via initial public offer through offer for sale of equity shares aggregating upto Rs. 1,100 crores (The “Offer for Sale”) by Sion Investment Holdings PTE. Limited (The “Promoter Selling Shareholder”)
The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company and the Promoter Selling Shareholder in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (such portion, the “Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price.
Further 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to RIBs in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account (including UPI ID for RIBs using UPI Mechanism), in which the corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor Investors are not permitted to participate in the Offer through the ASBA process.
For details, see “Offer Information” beginning on page 344 of the Red Herring Prospectus.
The Equity Shares offered through Red Herring Prospectus are proposed to be listed on BSE and NSE.
Axis Capital, DAM Capital Advisors Limited, Jefferies India Private Limited and JM Financial Limited are the Book Running Lead Managers
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