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CAMS IPO - Initial Public Offer Details

CAMS IPO - Initial Public Offer Details

 


The NSE-backed Computer Age Management Services (CAMS), which behaves like a registrar and transfer agent (RTA) for mutual funds, has announced its initial public offering (IPO). The company plans to raise Rs 2,240 crore through this IPO. The sale of 1,82,46,600 equity shares or 37.4 per cent stake will be offered through NSE Investments. NSE Investment is a subsidiary of the National Stock Exchange (NSE). CAMS headquartered in Chennai is co-owned by NSE Investments, Warburg Pincus, Ferring Capital, ACSYS Investments and HDFC Group.


CAMS IPO Basic Details


IPO Date

September 21 to 23, 2020

Issue Type

Book Built Issue IPO

Issue Size

18,246,600 Equity Shares of 10 rupee
(aggregating up to 2,244.33 Cr rupee)

Offer for Sale

18,246,600 Equity Shares of 10 rupee
(aggregating up to 2,244.33 Cr rupee)

Face Value

10 rupee per equity share

IPO Price Band

1229 to 1230 rupee per equity share

Employee Discount

122

Market Lot size

12 Shares

Minimum Order Quantity

12 Shares


New York's Warburg Pincus has invested $ 7.9 million in it and is the largest equity shareholder with a 43.5 per cent stake. It invested in the company in the year 2017 and after that, it continued to grow by buying stakes from HDFC, NSE Investment and promoter V Shankar. HDFC and HDFC Bank's total holdings in CAMS were 23.17 per cent. V Shankar's Axis Holding held 31.83 per cent and NSE Investments 45 per cent. HDFC and NSE currently own 12.5 per cent and 37.5 per cent respectively. Domestic private equity firm Faring Capital holds a 4 per cent stake. Other shareholders hold less than 2 per cent stake in the company. The company has appointed Kotak Mahindra Capital and Nomura to manage the issue.


The company's Chief Executive Officer Anuj Kumar said that NSE has decided to sell its entire holding in the company. The issue will open for subscription on September 21, 2020, and will close on September 23, 2020. Earlier, the share of anchor investors would open on 18 September.


Half of the issue is reserved for qualified institutional buyers, 35% of retail investors and 15% of non-institutional bidders. Also, 1.82 lakh shares in this issue are reserved for employees. The employees will also be given a 10 per cent discount on the share.

 

Talking about the price band, the price band has been set between Rs 1,229 to Rs 1,230 per share in this IPO of Computer Age Management Services. The company will raise Rs 2,242 crore from the upper level of this price band.


Company Financials report

 

Particulars

Time duration ( in Millions)

30-June-20

31-Mar-20

31-Mar-19

31-Mar-18

Total Assets

8,354.53

8,025.34

7,363.24

6,978.48

Total Revenue

1,634.61

7,213.43

7,118.08

6,578.20

Profit After-Tax

408.25

1,734.56

1,308.95

1,463.05


Computer Age Management Services (CAMS) Ltd is the biggest competitive force, the largest infrastructure and service provider of mutual funds, a diversified portfolio of technology-enabled services, pan-India physical network, scalable technology-enabled ecosystem.


CAMS IPO Timetable


Bid/Offer Opens On

September 21, 2020

Bid/Offer Closes On

September 23, 2020

Finalization of Basis of Allotment

September 28, 2020

Initiation of Refunds

September 29, 2020

Credit of Shares to Demat Account

September 30, 2020

IPO Shares Listing Date

October 1, 2020


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