Computer Age Management Services is all set to launch its IPO on 21 September and the offer will remain open for subscription through 23 September 2020. The offer, priced in the range of INR1229 – 1230 per share, aims to mobilize as much as INR2,244.33 crore at the upper end of the price band. The company has several positive factors going in its favor and some of these are summarized in our mini IPO analysis here. The IPO is eagerly awaited in the market and this can be understood by the strong premium of 30% it is commanding in the informal grey market. Check out the latest CAMS IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.
CAMS IPO details
|Subscription Dates||21 – 23 September 2020|
|Price Band||INR1229 – 1230 per share|
|Offer For Sale||18,246,600 shares (INR2,242.51 crore)|
|Total IPO size||18,246,600 shares (INR2,242.51 crore)|
|Minimum bid (lot size)||12 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
The financial infrastructure and services provider has emerged as a trusted ally to mutual funds and had an aggregate market share of 70% among registrar and transfer agents on the basis of Average Assets Under Management (AAUM). It is important to note that CAMS IPO grey premium is currently trading high, the rates can easily change overnight. Therefore, please contact your financial advisor before investing.
CAMS IPO GMP (Grey Market Premium) rates
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda (in INR)|
|30 Sep 2020||320||–||–|
|29 Sep 2020||300||–||–|
|28 Sep 2020||300||750||3,000|
|26 Sep 2020||280||600||2,500|
|25 Sep 2020||280||600||2,700|
|24 Sep 2020||250||500||2,700|
|23 Sep 2020||290||750||2,500|
|22 Sep 2020||280||500||2,500|
|21 Sep 2020||320||800||3,000|
|19 Sep 2020||300||800||3,000|
|18 Sep 2020||300||800||3,000|
|17 Sep 2020||350||900||3,200|
|16 Sep 2020||400||800||2,800|
|15 Sep 2020||400||700||2,500|
|14 Sep 2020||350||600||2,000|
Important points about IPO grey market and IPO GMP
IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
IPO GMP is the rate of premium an IPO commands per share in the informal grey market. This is the leading indicator of how the market perceives the IPO.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.