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CMS Info Systems debuts on a listless note, stock trades near issue price

The company's IPO had received lukewarm response from investors, with the share sale subscribed 1.95 times.

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SI Reporter Mumbai
CMS Info Systems debuted on a mildly positive note in an otherwise firm market. The stock was listed at Rs 218.50 on the BSE - a 1.2 per cent premium to its issue price of Rs 216 per share.

As of 10:07 am, the stock had hit a high of Rs 226.60, and a low of Rs 215.55 on the BSE. The stock quoted almost flat at Rs 216.70 with volumes of around 5.75 lakh shares. Meanwhile, the BSE benchmark index, the Sensex was up 0.7 per cent at 58,224.

"With the government's focus on digital payments, we