The initial public offer (IPO) of Computer Age Management Services (CAMS) will open for registration on Monday. The company has raised Rs 666.56 crore from anchor investors prior to the Rs 2,250-crore IPO. Anchor investors include Smallcap World Fund, HSBC, Abu Dhabi Investment Authority, Eastspring Investments, Fidelity Investment Trust, Goldman, Government of Singapore, Nomura Funds Ireland Public Limited. The last date for subscribing to the initial public offer of the company opening from Monday is September 23.
Know price band, lot size, and possible date of listing:
The company has set a price band of Rs 1229-1230 for this IPO. The lot size of CAMS IPO is 12. This means that you have to bid for at least 12 shares to invest in this IPO. At the rate of Rs 1,230 per share, you have to invest at least Rs 14,760 to invest in this IPO. Retail investors can bid for a maximum of 13 lots. Link Intime India Pvt Ltd is the registrar of this IPO. The shares of CAMS will be listed on both BSE and NSE. As brokerage companies, the allotment of shares of the company can be completed by September 28. The listing of the company's IPO may be on October one. Kotak Mahindra Capital Company Limited, HDFC Bank Limited, ICICI Securities Limited, and Nomura Financial Advisory and Securities (India) Pvt. Ltd. are managing the issue.
Know about the company:
CAMS is headquartered in Chennai. The company works as a registrar and transfer agent (RTA) of mutual funds. CAMS provides technology-based financial infrastructure and service to mutual funds and other financial institutions. NSI Investments, Warburg Pincus, Faering Capital ACSYS Investments, and HDFC Group own the company.
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