CAMS IPO – Schedule *(Tentative)*
15th Sept – Announcement of Price Band
17th Sept – Anchor Investors Allotment
18th Sept – Offer Opens
22nd Sept – Offer Closes
25th Sept – Finalisation of Basis of Allotment
28th Sept – Unblocking of ASBA Accounts
29th Sept – Credit of Equity Shares to Depository Accounts
30th Sept – Commencement of Trading
CAMS IPO – Issue Information *(Tentative)*
Issue Opens on: 18 September 2020
Issue Closes on: 22 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,21,64,400 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.1,225 – Rs.1,250 per Share *(Tentative)*
Discount: Rs.25/- (for Employees)
Market Lot: 10 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 4,87,60,000 Shares
Employee Reservation of 1,82,500 Shares @1225/- = Rs.22.36Crs (after discount of ~25/-)
Offer for Sale of 1,19,81,900 Shares @1250/- = Rs.1,497.74449.32
Equity Shares outstanding after the Issue = 4,87,60,000 Shares
Category-wise Break up:
Anchor – 35,94,570 Shares = 449.32Crs
QIB – 23,96,380 Shares = 299.55Crs
NII – 17,97,285 Shares = 224.66Crs
RII – 41,93,665 Shares = 524.21Crs (Lot size: 12 = 3,49,472 Forms)
Empl. Quota – 1,82,500 Shares = 22.36Crs (@1250 per Share)
Total Issue – 1,21,64,400 Shares = 1,520.09Crs.
Subscription required for 1X
RII = 3,49,472 Forms
NII = 224.66Crs
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 #66 of DRHP)
EPS for FY18-19 >>> Rs.26.75 (Page #66 of DRHP)
EPS for H119-20 >>> Rs.16.95 (Page #66 of DRHP)
RoNW for FY16-17 >>> 29.92% (Page #67 of DRHP)
RoNW for FY17-18 >>> 32.91% (Page #67 of DRHP)
RoNW for FY18-19 >>> 29.56% (Page #67 of DRHP)
RoNW for H119-20 >>> 33.98% (Page #67 of DRHP)
NAV as on September 30, 2019 was Rs.99.86 (Page #67 of DRHP)
Listed Industry Peer Group (Page #67 of DRHP): None
CAMS IPO – *Market’s Current Estimates of oversubscription*:
RII = 25.00L Forms = 7.15X Applic. wise (Avg allotment of ~1.68 shares per lot)
NII = 55K Crs. = ~244.81X
Interest cost *@7.50%p.a.* for 7days = 179.79paise for 1X
Thus, for NII the costing = 244.81 X 179.79paise = Rs.440.16 per share (= GMP)
And, for RII the costing = 1.68 X 440.16 = Rs. ~738/- (= Kostak)
CAMS IPO – *GMP Estimated*
GMP 500 +/- 2
Kostak 825 +/- 25