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75% of the issue size is reserved for qualified institutional investors (QIBs), 15% for non-institutional investors, and the remaining 10% for retail investors.

U.S. West Texas Intermediate (WTI) crude climbed 43 cents, or 0.6%, to $79.06, while Brent futures increased 42 cents, or 0.5%, to $83.17 a barrel.

The company generated a consolidated net profit of ₹525.8 Crore in the same period previous year.

The net proceeds from the IPO will be used by the company to cover its future capital needs for lending and other corporate functions.

In the previous session on May 15, Indian markets experienced a slight fall, with the Sensex declining by 118 points, while the Nifty maintained its position around the 22,200 mark.

According to data released on Wednesday, core U.S. inflation decreased to an annualized 3.6% in April, which was predicted by the market.

The robust response to the company's open offer further hinted at potential listing gains.

Spot gold was up 0.3% at $2,393.21 an ounce. On Wednesday, the price of gold increased by 1%. Gold futures increased by 0.1% to $2,397.60.

CMS Info Systems recorded a net profit of ₹91 Crore during January to March 2024. Revenue from operations was ₹627 Crore.

While benchmark indices experienced a downturn, the broader market indices showcased resilience, with BSE SmallCap gaining 0.96% and BSE MidCap closing 0.60% higher.