CAMS Limited – Company Info
Computer Age Management Services Limited is a Mutual Fund Transfer Agency to the Indian Asset Management Companies with a share of ~ 70% of the assets under management (AuM). The company was incorporated in the year 1988. CAMS is co-owned by – Warburg Pincus LLC (a leading global private equity), HDFC Bank group (a financial services conglomerate), Faering Capital (mid-sized private equity) and Acsys Investments Private Limited (the founding promoter) and is headquartered in Chennai, India.
With the advent of close-ended Mutual Funds, CAMS Limited was involved in the processing of Indian Bank Mutual Fund and later started to handle the operations of Alliance Capital Mutual Fund. This was the first Open-Ended Mutual Fund of CAMS. CAMS also handled the oldest of Indian Mutual Funds like JM Mutual Fund, ITC Threadneedle, Zurich India Mutual Fund, Sun & FC Mutual Fund, Dundee Mutual Fund, Taurus Mutual Fund etc.
As of Dec 2018, CAMS employs about 7000+ people and offers varied services to the Mutual Funds, Insurance and Banking industries through its network of 270+ locations all over India
Proceeds from the IPO will be used:
- To meet business working capital requirements
- To meet general corporate purpose.
- To meet IPO issue expenditures.
ISSUE DETAILS
| Item | Value |
|---|---|
| Issue Size | 61.2 Cr |
| Face Value | 10/- per Equity Share |
| IPO Price | 117 – 120 |
| Lot Size | 125 |
| Minimum Lots | 1 |
| Maximum Lots | 13 |
KEY DATES
| Date Type | Date |
|---|---|
| Bid Open | 29/09/2020 |
| Bid Close | 07/10/2020 |
| Allotment Finalization | 12/10/2020 |
| Initiation of Refunds | 13/10/2020 |
| Credit of Shares | 14/10/2020 |
| Listing Date | 15/10/2020 |
LOT SIZE AND PRICING
| Lots | Shares | Amount |
|---|---|---|
| 1 | 125 | 15,000 |
| 13 | 1625 | 1,95,000 |
PROMOTER SHAREHOLDING
| Holding | Percentage |
|---|---|
| Pre-Issue | 99.96% |
| Post-Issue | 74.11% |
Investor Quota and Overall Subscription Status
| Investor Type | Quota | Shares on Offer | Subscription Status |
|---|---|---|---|
| QIBs | 1% | 51,000 | 21.99x |
| Non-Institutional (NII) | 64% | 32,64,000 | 1.54x |
| Retail (RII) | 35% | 17,85,000 | 23.71x |
| Total | 100% | 51,00,000 | 9.51x |
Final Subscription Status
| QIB | NII | RII | Total Subscription |
|---|---|---|---|
| 21.99x | 1.54x | 23.71x | 9.51x |
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