CAMS Limited IPO Review: Should you subscribe?

Dates, Price band, Lot size, Risks, Review and broker recommendations etc.

CAMS Limited – Company Info

CAMS limited

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

ItemValue
Issue Size61.2 Cr
Face Value10/- per Equity Share
IPO Price117 – 120
Lot Size125
Minimum Lots1
Maximum Lots13

KEY DATES

Date TypeDate
Bid Open29/09/2020
Bid Close07/10/2020
Allotment Finalization12/10/2020
Initiation of Refunds13/10/2020
Credit of Shares14/10/2020
Listing Date15/10/2020

LOT SIZE AND PRICING

LotsSharesAmount
112515,000
1316251,95,000

PROMOTER SHAREHOLDING

HoldingPercentage
Pre-Issue99.96%
Post-Issue74.11%

Investor Quota and Overall Subscription Status

Investor TypeQuotaShares on OfferSubscription Status
QIBs1%51,00021.99x
Non-Institutional (NII)64%32,64,0001.54x
Retail (RII)35%17,85,00023.71x
Total100%51,00,0009.51x

Final Subscription Status

QIBNIIRIITotal Subscription
21.99x1.54x23.71x9.51x

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