CMS infosystems lock-in expiry today: Shares trade positive, gain 16% in one month

Bucking the trend on mandatory 30-day lock-in expiry day, shares of CMS infosystems ltd surged 5 per cent in the early trade on the BSE on Tuesday. Shares traded on day's high value of Rs 283.45 per share, a gain of 5 per cent on previous closing price of Rs 274.05.  

Cash management company CMS Info Systems had garnered Rs 330 crore from anchor investors ahead of its initial public offering (IPO) in December last year. The company has allotted 1.53 crore equity shares to 12 anchor investors at Rs 216 apiece, aggregating to Rs 330 crore, according to a circular uploaded on BSE.  

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BNP Paribas Arbitrage, Goldman Sachs, Nomura, SBI Life Insurance Co Ltd, ICICI Prudential Mutual Fund (MF), Aditya Birla Sun Life MF and SBI MF are among the anchor investors. 

At Rs 277 apiece on the National Stock Exchange (NSE) at 11.15 am on Friday, shares of Cash management company declined by 6.91% or Rs 20.55in the last 5 trading sessions, while gained Rs 38.80 or 16.29% in the last one month.  

At Rs 197.38 crore, SBI Small Cap Fund holds maximum 8,286,487 shares of the Cash management company. It is followed by ICICI Prudential Multicap Fund and ICICI Prudential Smallcap Fund, which holds 1,57,406 shares at Rs 27.57 crore each of CMS infosystems.  

Shares of CMS Infosystems had made a flat debut on exchanges as they were listed at Rs 218.50 on the BSE and on the NSE, the shares of the cash management services provider opened at Rs 220.20, a gain of Rs 4.20 or 1.94% on the issue price.