Computer Age Management Services Ltd IPO Message Board (Page 36)

CAMS IPO

GMP 358 +/- 2
⬇️⬇️⬇️⬇️⬇️

CAMS IPO
GMP 360 +/- 2

Comparison between recent IPOs based on issue size and subscription figure. Now decide which one is better


       H M T       ROUTE       CAMS       CHEMCON

Issue Size        600 Cr 600 Cr       2244 Cr       318 Cr

Reserved Retail quota Percent 10%       35%       35%       35%

Reserved Retail quota Amount 70 Cr       210 Cr       777 Cr       111 Cr

Lot Amount 14940       14000       14760       14960

Application required Retail quota       46958 148368       526870       74398

No of applications Retailers       22 Lakhs       15.2 Lakhs 22 Lakhs* 23 Lakhs*
(Tentative) (Tentative)

X application wise Retailers        46.85X       10.11X       4.17X       30.91X
(Tentative) (Tentative)

Comparison between recent IPOs based on issue size and subscription figure for mobile view. Now decide which one is better.

HMT Issue size -------------> 600 Cr
ROUTE Issue size ---------> 600 Cr
CAMS Issue size -----------> 2244 Cr
CHEMCON Issue ize ------> 318 Cr

HMT Retail portion size -------------> 70 Cr
ROUTE Retail portion size ---------> 210 Cr
CAMS Retail portion size -----------> 777 Cr
CHEMCON Retail portion size ----> 111 Cr

HMT Reserved Applications for Retail Quota -------------> 46958 Applications
ROUTE Reserved Applications for Retail Quota --------> 148368 Applications
CAMS Reserved Applications for Retail Quota -----------> 526870 Applications
CHEMCON Reserved Applications for Retail Quota -----> 74398 Applications

HMT Retail Applications Count -------------> 22 Lakhs Applications
ROUTE Retail Applications Count --------> 15.2 Lakhs Applications
CAMS Retail Applications Count -----------> 22 Lakhs Applications (Tentative)
CHEMCON Retail Applications Count -----> 23 Lakhs Applications(Tentative)

HMT Times(X) Retail Applications ---------> 46.85 X
ROUTE Times(X) Retail Applications -----> 10.11 X
CAMS Times(X) Retail Applications --------> 4.17 X (Tentative)
CHEMCON Times(X) Retail Applications --> 30.91 X (Tentative)

Camps 350/355
koshtak 825/850

CAMS IPO
GMP 375 +/- 2

computer age management services ltd and Chemcon me se konsa ipo apply krna chahiye

CAMS ipo retail quota 777 crore,
Also linkintime is the registrar, very good chance of allotment, good ipo, a must apply..

FINAL

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: NIL
Market Lot: 12 Shares
Listing At: BSE (Not NSE)

Equity Shares outstanding prior to the Issue = 4,87,60,000 Shares
Offer for Sale of 1,82,46,600 Shares @1230/- = Rs.2,244.33 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 = 22.45Crs (@1230 per Share)
Total Issue – 1,82,46,600 Shares = 2244.33Crs.

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 370 +/- 2
Kostak 825 +/- 25

@Admin - You have mentioned employee discount as 122..Is it correct?

Hi German Sir,
Yes thats correct.
Eligible Employees will get Rs 122 discount per equity share.

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 *(Tentative)*

Issue Opens on: 21 September 2020
Issue Closes on: 23 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,82,46,600Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.1,220 – Rs.1,230 per Share*(Tentative)*
Discount: NIL
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 @1230/- = Rs.22.45Crs (after discount of NIL)
Offer for Sale of 1,80,64,100 Shares @1230/- = Rs.2,221.88
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 = 22.45Crs (@1230 per Share)
Total Issue – 1,82,46,600 Shares = 2244.33Crs.

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 405 +/- 2
Kostak 950 +/- 25

Application maximum came in cams +22 lacs

Dear admin ,

Please correct the price band 1229-1230

Regards

Corrected. Thx for your feedback.

*CAMS IPO price band officially announced*
Issue opens - sept. 21
Issue closes - sept. 23
Price band - 1229-1230
Lot size - 12 shares
Issue size - 1,82,46,600 shares (2244.33 crore)
Number of retail applications required - *5,26,870 forms*

App rate 775

Grey mkt premium ?

Very under penetrated market of MF industry. Huge scope of growth for CAMS ltd. Also, very high entry barriers for any other company to enter this market.

Very Good parentage namely Great Terrain (an affiliate of Warburg Pincus), HDFC, HDFC Bank and NSE Investments and very experienced management.

Whether we can apply multiple applications from single saving account?

Rute mobail
205-210
Happiest 143/147
CAMS 370-380
CAMS 900/-
Chemcon chemi 5000 sub to

Rute mobail
205-210
Happiest 143/147
CAMS 370-380
CAMS 900/-
Chemcon chemi 5000 sub to

CAMS IPO
GMP 395 +/- 2
Kostak 925 +/- 25

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RHP
https://www.icicisecurities.com/Upload/ArticleAttachments/CAMS%20%20RHP.pdf


ADMIN PLEASE ADD IT