CAMS

CAMS fully subscribed on Day 2, Retail category gets subscribed at 2.91 times

Mumbai, September 22, 2020: Chennai based, Computer Age Management Services (CAMS), the India’s largest registrar and transfer agent of mutual funds; received bids of 2,47,77,912 shares against the offered 1,28,27,370 shares on Day 2, as per the 3.30 pm data available on the website of BSE.

The portion reserved for retail investors was subscribed 2.91 times. Qualified Institutional Buyer and Non-Institutional Investor category was subscribed 0.83 and 1.22 times respectively.

The Company had raised 666.56 crs from 35 anchor investors which included globally acclaimed institutions such as SmallCap World Fund, HSBC, Abu Dhabi Investment Authority, Caisse de Depot et Placement First State Investments, Eastspring Investments, Fidelity Investment Trust, Goldman Sachs, Govt. of Singapore, Nomura Funds Ireland Public Ltd Company. A total of 13 Mutual funds namely Kotak MF, Nippon India MF, Axis MF, SBI MF amongst others had applied through 30 schemes The bidding for the IPO closes on Wednesday, September 23, 2020.  The Company is proposing to raise upto Rs. ₹2,242 cr through its Initial Public Offering via an OFS of 18,246,600 equity shares. The minimum bid lot is 12 shares thereafter in multiples.  The price band has been fixed at Rs. 338 – Rs. 340 per Equity Share.

Kotak Mahindra Capital Company Limited, HDFC Bank Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the BRLMs to the issue.

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