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CAMS IPO – Schedule *(Page 273 of the RHP)*
16th Sept – Announcement of Price Band
18th Sept – Anchor Investors Allotment
21st Sept – Offer Opens
23rd Sept – Offer Closes
28th Sept – Finalisation of Basis of Allotment
29th Sept – Unblocking of ASBA Accounts
30th Sept – Credit of Equity Shares to Depository Accounts
01st Oct – Commencement of Trading
CAMS IPO – Issue Information *(FINAL)*
Issue Opens on: 21 September 2020
Issue Closes on: 23 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,82,46,600 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.1,229 – Rs.1,230 per Share
Discount: 122/- For Employees
Market Lot: 12 Shares
Listing At: BSE *(Not NSE)*
Equity Shares outstanding prior to the Issue = 4,87,60,000 Shares
Employee Reservation of 1,82,500 Shares @1,108/- = Rs.20.22Crs (after discount of ~122/-)
Net Offer for Sale of 1,80,64,100 Shares @1230/- = Rs.2,221.88 Crs.
Equity Shares outstanding after the Issue = 4,87,60,000 Shares
Category-wise Break up:
Anchor – 54,19,320 Shares = 666.57Crs
QIB – 36,12,820 Shares = 444.38Crs
NII – 27,09,615 Shares = 333.28Crs
RII – 63,22,435 Shares = 777.66Crs (Lot size: 12 = 5,26,870 Forms)
Empl. Quota – 1,82,500 Shares = 20.22Crs (@1,108 per Share)
Total Issue – 1,82,46,600 Shares = 2242.11Crs.
Subscription required for 1X
RII = 5,26,870 Forms
NII = 333.28 Crs
CAMS IPO – Financial Information (Basis of Valuation)
EPS for FY16-17 >>> Rs.25.32 (Page #66 of DRHP)
EPS for FY17-18 >>> Rs.29.93 (Page #74 of RHP)
EPS for FY18-19 >>> Rs.26.75 (Page #74 of RHP)
EPS for FY19-20 >>> Rs.35.57 (Page #74 of RHP)
EPS for Q120-21 >>> Rs.08.37 (Page #74 of RHP)
RoNW for FY16-17 >>> 29.92% (Page #67 of DRHP)
RoNW for FY17-18 >>> 32.91% (Page #75 of RHP)
RoNW for FY18-19 >>> 29.56% (Page #75 of RHP)
RoNW for FY19-20 >>> 32.13% (Page #75 of RHP)
RoNW for Q120-21 >>> 30.92% (Page #75 of RHP)
NAV as on June 30, 2020 was Rs.108.27 (Page #75 of RHP)
Listed Industry Peer Group (Page #67 of DRHP): None
CAMS IPO – *Market’s Current Estimates of oversubscription*:
RII = 27.00L Forms = 5.12X Applic. wise (Avg allotment of ~2.34 shares per lot)
NII = 50K Crs. = ~150.02X
Interest cost *@8.00%p.a.* for 7days = 188.71paise for 1X
Thus, for NII the costing = 150.02 X 188.71paise = Rs.283.11 per share (= GMP)
And, for RII the costing = 2.34 X 283.11 = Rs. ~663/- (= Kostak)
CAMS IPO – *GMP Estimated*
GMP 365 +/- 2
Kostak 850 +/- 25