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CAMS IPO is a book built issue of Rs 2,244.33 crores. The issue is entirely an offer for sale of 1.82 crore shares.
CAMS IPO bidding started from September 21, 2020 and ended on September 23, 2020. The allotment for CAMS IPO was finalized on Monday, September 28, 2020. The shares got listed on BSE on October 1, 2020.
CAMS IPO price band is set at ₹1229 to ₹1230 per share. The minimum lot size for an application is 12 Shares. The minimum amount of investment required by retail investors is ₹14,760.
The issue includes a reservation of up to 182,500 shares for employees offered at a discount of Rs 122 to the issue price.
Hdfc Bank Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the CAMS IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to CAMS IPO RHP for detailed information.
| IPO Date | September 21, 2020 to September 23, 2020 |
| Listing Date | October 1, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹1229 to ₹1230 per share |
| Lot Size | 12 Shares |
| Total Issue Size | 18,246,600 shares (aggregating up to ₹2,244.33 Cr) |
| Offer for Sale | 18,246,600 shares of ₹10 (aggregating up to ₹2,244.33 Cr) |
| Employee Discount | Rs 122 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 48,786,800 |
| Share holding post issue | 48,786,800 |
CAMS IPO offers 12,827,370 shares. 3,612,820 (28.16%) to QIB, 2,709,615 (21.12%) to NII, 6,322,435 (49.29%) to RII, 182,500 (1.42%) to employees. 526,869 RIIs will receive minimum 12 shares and (sNII) and (bNII) will receive minimum 168 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,612,820 (28.16%) | NA |
| NII (HNI) Shares Offered | 2,709,615 (21.12%) | |
| Retail Shares Offered | 6,322,435 (49.29%) | 526,869 |
| Employee Shares Offered | 182,500 (1.42%) | NA |
| Total Shares Offered | 12,827,370 (100%) |
CAMS IPO opens on September 21, 2020, and closes on September 23, 2020.
| IPO Open Date | Monday, September 21, 2020 |
| IPO Close Date | Wednesday, September 23, 2020 |
| Basis of Allotment | Monday, September 28, 2020 |
| Initiation of Refunds | Tuesday, September 29, 2020 |
| Credit of Shares to Demat | Wednesday, September 30, 2020 |
| Listing Date | Thursday, October 1, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2020 |
Investors can bid for a minimum of 12 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹14,760 |
| Retail (Max) | 13 | 156 | ₹191,880 |
| Lot Size Calculator | |||
Great Terrain Investment Ltd is the promoter of the company.
| Share Holding Pre Issue | 43.53% |
| Share Holding Post Issue |
Computer Age Management Services (CAMS) Ltd is a technology-driven financial infrastructure and service provider. It is India's largest registrar and transfer agent of mutual funds. As per the Crisil Nov 2019 report, it has a 69.4% mutual fund aggregate market share.
CAMS currently provides technology-based services including dividend processing, transaction origination interface, payment, transaction execution, dividend processing, intermediary empanelment, report generation, investor interface, settlement and reconciliation, compliance-related services, and brokerage computation.
The company provides services in the area of electronic payment collections services business, insurance services business, alternative investment funds services business, banking, and non- banking services business, KYC registration agency business, and software solutions business. CAMS has a wide network comprising 25 states, 278 service centers, and five union territories. It also offers services online through a mobile application.
Competitive Strengths
1. Largest infrastructure and services provider of mutual fund
2. A diverse portfolio of technology-enabled services
3. Pan-India physical network
4. Scalable technology enabled ecosystem
| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 8,354.53 | 8,025.34 | 7,363.24 | 6,978.48 | |
| Total Revenue | 1,634.61 | 7,213.43 | 7,118.08 | 6,578.20 | |
| Profit After Tax | 408.25 | 1,734.56 | 1,308.95 | 1,463.05 | |
The objects of the Offer are:
1. To carry out the Offer for Sale of up to 18,246,600 Equity Shares by the Selling Shareholders; and
2. Achieve the benefits of listing the Equity Shares on the BSE.
[Dilip Davda] The issue appears fully priced on the basis of its financial data and P/E, P/BV parameters. However, this being the first move in this segment will catch fancy post listing. The company enjoys a lion share in the field of its business segment. Since NSE group is exiting in full from its investment in this company and will pave the way for shares getting listed on NSE as well going forward. Considering this, investors may invest with a long term perspective. Read detail review...
The CAMS IPO is subscribed 46.99 times on September 23, 2020 6:48:04 PM. The public issue subscribed 5.54 times in the retail category, 73.18 times in the QIB category, and 111.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 2180750 times
| Category | Subscription (times) |
|---|---|
| QIB | 73.18 |
| NII | 111.85 |
| Retail | 5.54 |
| Employee | 1.16 |
| Total | 46.99 |
The Percentage of Offer Size available for Allotment/allocation:
A discount of Rs 122 per Equity Share is being offered Eligible Employee Bidding in the Employee Reservation Portion. up to 182,500 Equity Shares are reserved for employees. Note:
| Listing Date | October 1, 2020 |
| BSE Script Code | 543232 |
| NSE Symbol | CAMS |
| ISIN | INE596I01012 |
| Final Issue Price | ₹1230 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,230.00 |
| ₹1,518.00 |
| ₹1,306.20 |
| ₹1,550.00 |
| ₹1,401.60 |
Computer Age Management Services Ltd
New No. 10,
Old No. 178, M.G.R. Salai,
Nungambakkam, Chennai 600 034,
Phone: +91 44 2843 2770
Email: secretarial@camsonline.com
Website: http://www.camsonline.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cams.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
CAMS IPO is a main-board IPO of 18,246,600 equity shares of the face value of ₹10 aggregating up to ₹2,244.33 Crores. The issue is priced at ₹1229 to ₹1230 per share. The minimum order quantity is 12 Shares.
The IPO opens on September 21, 2020, and closes on September 23, 2020.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in CAMS IPO using UPI as a payment gateway. Zerodha customers can apply in CAMS IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CAMS IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CAMS IPO opens on September 21, 2020 and closes on September 23, 2020.
CAMS IPO lot size is 12 Shares, and the minimum amount required is ₹14,760.
You can apply in CAMS IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for CAMS IPO will be done on Monday, September 28, 2020, and the allotted shares will be credited to your demat account by Wednesday, September 30, 2020. Check the CAMS IPO allotment status.
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