InvestorQ : What are the particulars of the CAMS IPO?
vidhya Laxmi made post

What are the particulars of the CAMS IPO?

diksha shah answered.
8 months ago

Computer Age Management Services (CAMS) is India’s largest registrar and transfer agent (RTA) of mutual funds (MFs) with an aggregate market share of 70% based on average MF assets under management (AUM) of it serviced clients as on July 2020. It set to open for subscription on 21st Sep 2020.

The issue is an Offer for Sale of ~1.82cr shares aggregating to Rs2,242cr based on the upper price band. This Rs2,242cr issue is the biggest IPO so far in FY21. The price band for the issue has been fixed at Rs 1,229-1,230 and prospective retail investors need to bid for a minimum of one lot of 12 shares or in multiples thereof. Retail investors can bid for a maximum of 13 lots.

Kotak Mahindra Capital, HDFC Bank, ICICI Securities, and Nomura Financial Advisory and Securities are the leading book managers to the issue.