Mukka Proteins Limited

India’s Largest RTA CAMS sees 0.82 % subscription on Day 1

Mumbai, September 21, 2020: Chennai based, Computer Age Management Services (CAMS), the India’s largest registrar and transfer agent of mutual funds; received bids of 1,05,75,864 shares against the offered 1,28,27,370 shares, as per the 3.30 pm data available on the website of BSE. The portion reserved for retail investors was subscribed 1.40 times. Qualified Institutional Buyer and Non-Institutional Investor category was subscribed 0.25 and 0.30 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.

About CAMS:

CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over two decades of experience. The Company is India’s largest registrar and transfer agent of mutual funds with an aggregate market share of approximately 70% based on mutual fund average assets under management (“AAUM”) managed by its clients and serviced by them during July 2020, according to the CRISIL Report. Over the last five years, the Company has grown its market share from approximately 61% during March 2015 to approximately 69% during March 2020, based on AAUM serviced, according to the CRISIL Report. Its mutual fund clients include four of the five largest mutual funds as well as nine of the 15 largest mutual funds based on AAUM during July 2020, according to the CRISIL Report. With the initiative of creating an end-to-end value chain of services, the Company has grown its service offerings and currently provide a comprehensive portfolio of technology based services, such as transaction origination interface, transaction execution, payment, settlement and reconciliation, dividend processing, investor interface, record keeping, report generation, intermediary empanelment and brokerage computation and compliance related services, through our pan-India network to its mutual fund clients, distributors and investors. the Company also provide certain services to alternative investment funds, insurance companies, banks and non-banking finance companies.