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 |
|
Offer
for Sale |
18,246,600
Equity Shares of 10 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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