CMS Info Systems Limited's initial public deal was subscribed 40 percent on first day of issueNew Delhi: Money management business CMS Details Systems Limited's initial public offer (IPO) was subscribed 40 percent on the first day of its issue on Tuesday.The IPO received bids for 1,48,92,132 shares versus 3,75,60,975 shares on offer, according to NSE data.The category for retail financiers was subscribed 79 per cent while non-institutional financiers classification was subscribed 1 per cent.The business's Rs 1,100-crore public problem is a pure market (OFS) by promoter Sion Financial investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.The rate variety of the IPO is Rs 205-216 per share.CMS supplies money management services, that include ATM services, and money delivery and pick-up.

The business's integrated company platform is supported by customised innovation and procedure controls, which allows it to provide customers a vast array of tailored money management and handled services solutions.Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial are the book running lead supervisors to the issue.The equity shares of the company will be listed on the Bombay stock market and National stock market.