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CAMS IPO is a book build issue of ₹2,243.12 crores. The issue is entirely an offer for sale of 1.82 crore shares of ₹2,243.12 crore.
CAMS IPO bidding started from Sep 21, 2020 and ended on Sep 23, 2020. The allotment for CAMS IPO was finalized on Sep 28, 2020. The shares got listed on BSE on Oct 1, 2020.
CAMS IPO price band is set at ₹1230.00 per share . The lot size for an application is 12. The minimum amount of investment required by an retail is ₹14,748 (12 shares). The lot size investment for sNII is 14 lots (168 shares), amounting to ₹2,06,640, and for bNII, it is 68 lots (816 shares), amounting to ₹10,03,680.
The issue includes a reservation of up to 1,82,500 shares for employees offered at a discount of ₹122.00 to the issue price.
HDFC Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
| IPO Date | September 21, 2020 to September 23, 2020 |
| Listing Date | October 1, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹1229 to ₹1230 per share |
| Issue Price Final | ₹1230 per share |
| Lot Size | 12 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,82,46,600 shares (aggregating up to ₹2,243.12 Cr) |
| Employee Discount | ₹122.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 4,87,86,800 shares |
| Share Holding Post Issue | 4,87,86,800 shares |
CAMS IPO offers total 1,82,46,600 shares. Out of which 90,32,050 (49.50%) allocated to QIB, 36,12,820 (19.80%) allocated to QIB, 27,09,615 (14.85%) allocated to NII, 63,22,435 (34.65%) allocated to RII and 54,19,230 (29.70%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 90,32,050 (49.50%) | NA |
| − Anchor Investor Shares Offered | 54,19,230 (29.70%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 36,12,820 (19.80%) | NA |
| NII (HNI) Shares Offered | 27,09,615 (14.85%) | NA |
| Retail Shares Offered | 63,22,435 (34.65%) | 5,26,869 |
| Employee Shares Offered | 1,82,500 (1.00%) | NA |
| Total Shares Offered | 1,82,46,600 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
CAMS IPO opens on September 21, 2020, and closes on September 23, 2020.
| IPO Open Date | Mon, Sep 21, 2020 |
| IPO Close Date | Wed, Sep 23, 2020 |
| Tentative Allotment | Mon, Sep 28, 2020 |
| Initiation of Refunds | Tue, Sep 29, 2020 |
| Credit of Shares to Demat | Wed, Sep 30, 2020 |
| Tentative Listing Date | Thu, Oct 1, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 23, 2020 |
Investors can bid for a minimum of 12 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹14,760 |
| Retail (Max) | 13 | 156 | ₹1,91,880 |
| S-HNI (Min) | 14 | 168 | ₹2,06,640 |
| S-HNI (Max) | 67 | 804 | ₹9,88,920 |
| B-HNI (Min) | 68 | 816 | ₹10,03,680 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 Company CAMS IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To carry out the Offer for Sale of 18,246,600 Equity Shares by the Selling Shareholder | |
| 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 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 |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹1,230.00 |
| Open | ₹1,518.00 |
| Low | ₹1,306.20 |
| High | ₹1,550.00 |
| Last Trade | ₹1,401.60 |
Computer Age Management Services Ltd.
New No. 10
Old No. 178, M.G.R. Salai
Nungambakkam
Chennai, Tamil Nadu, 600034
Phone: +91 44 2843 2770
Email: secretarial@camsonline.com
Website: http://www.camsonline.com/
MUFG Intime India Pvt.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 1,82,46,600 equity shares of the face value of ₹10 aggregating up to ₹2,243.12 Crores. The issue is priced at ₹1230 per share. The minimum order quantity is 12.
The IPO opens on September 21, 2020, and closes on September 23, 2020.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹14,760.
You can apply in CAMS IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The CAMS IPO listing date is on Thursday, October 1, 2020.
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