CAMS IPO Details
CAMS IPO description – CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over two decades of experience. It is India’s largest registrar and transfer agent of mutual funds with an aggregate market share of 69.4% based on mutual fund average assets under management (AAUM) managed by its clients and serviced by it during November 2019. Over the last five years, it has grown its market share from 60.5% during March 2015 to 67.6% during March 2019, based on AAUM serviced.
Its mutual fund clients include four of the five largest mutual funds as well as nine of the 15 largest mutual funds based on AAUM during November 2019. As of November 2019, it serviced INR18.7 trillion of AAUM of 16 mutual fund clients. The ten-year CAGR of monthly AAUM of mutual funds serviced by it over the same period was approximately 19.1%. The company has grown its service offerings and currently provides a comprehensive portfolio of technology-based services, such as transaction origination interface, transaction execution, payment, settlement and reconciliation, dividend processing, investor interface, record keeping, report generation, intermediary empanelment and brokerage computation and compliance related services, through its pan-India network to mutual fund clients, distributors and investors. It also provides certain services to alternative investment funds, insurance companies, banks and non-banking finance companies.
Promoter of CAMS – Great Terrain Investment Ltd
| CAMS IPO details | |
| Subscription Dates | 21 – 23 September 2020 |
| Price Band | INR1,229 – 1,230 per share |
| Fresh issue | Nil |
| Offer For Sale | 18,246,600 shares (INR2,242.51 – 2,244.33 crore) |
| Total IPO size | 18,246,600 shares (INR2,242.51 – 2,244.33 crore) |
| Minimum bid (lot size) | 12 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | BSE |
|
CAMS’ financial performance (in INR crore) |
||||
| FY2018 |
FY2019 |
FY2020 |
Q1 FY2021 |
|
| Revenue | 657.8 |
711.8 |
721.3 | 163.5 |
| Expenses | 431.2 |
510.9 |
470.6 |
110.2 |
| Net income | 146.8 |
130.3 |
172.4 |
40.6 |
| Net margin (%) | 22.3 |
18.3 |
23.9 |
24.8 |
More about CAMS IPO
Registrar of CAMS IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
CAMS Contact Details
Computer Age Management Services Limited
No.158, Rayala Towers, Tower – I,
Anna Salai, Chennai 600 002
Phone: +91 44 2843 2650
Email: [email protected]
Website: www.camsonline.com
Valuation of CAMS (as of FY2020)
Earnings Per Share (EPS): INR35.54
Price/Earnings (PE ratio): 34.58 – 34.61
Return on Net Worth (RONW): 32.13%
Net Asset Value (NAV): INR110.71 per share
CAMS IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 7 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 3,612,820 | 0.25 | 0.83 | 73.18 |
| NII | 2,709,615 | 0.16 | 1.22 | 111.85 |
| Retail | 6,322,435 | 0.79 | 2.91 | 5.54 |
| Employees | 182,500 | 0.21 | 0.52 | 1.16 |
| Total | 12,827,370 | 0.49 | 1.93 | 46.99 |
CAMS IPO Analyst Reviews
Motilal Oswal – Subscribe
Samco Securities – Subscribe
HEM Securities – Subscribe
Choice Broking – Subscribe with caution
Yes Securities – Subscribe
IIFL – Subscribe
SMC Global – 3/5
Prabhudas Lilladher
CAMS IPO Allotment Status
CAMS IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Computer Age Management Services (CAMS)
IPO Opening Date: 21 September 2020
IPO Closing Date: 23 September 2020
Finalisation of Basis of Allotment: 28 September 2020
Initiation of refunds: 29 September 2020
Transfer of shares to demat accounts: 30 September 2020
Listing Date: 1 October 2020
Opening Price on BSE: INR1,518 per share (up 23.4% from IPO Price)
Closing Price on BSE: INR1,401.6 per share (up 13.95% from IPO Price)
Pricing will be in the range of 1200-1300. This is a very good IPO…must apply for long term.
CAMS IPO – Schedule *(Page 273 of the RHP)*
16th Sept – Announcement of Price Band
18th Sept – Anchor Investors Allotment
21st Sept – Offer Opens
23rd Sept – Offer Closes
28th Sept – Finalisation of Basis of Allotment
29th Sept – Unblocking of ASBA Accounts
30th Sept – Credit of Equity Shares to Depository Accounts
01st Oct – Commencement of Trading
CAMS IPO – Issue Information *(Tentative)*
🌸🌸🌸🌸🌸🌸🌸🌸
Issue Opens on: 21 September 2020
Issue Closes on: 23 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,82,46,600Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.1,220 – Rs.1,230 per Share*(Tentative)*
Discount: Rs.10/- (for Employees)
Market Lot: 12 Shares
Listing At: BSE (Not NSE)
🌸🌸🌸🌸🌸🌸🌸🌸
Equity Shares outstanding prior to the Issue = 4,87,60,000 Shares
Employee Reservation of 1,82,500 Shares @1220/- = Rs.22.27Crs (after discount of ~10/-)
Offer for Sale of 1,80,64,100 Shares @1230/- = Rs.2,221.88
Equity Shares outstanding after the Issue = 4,87,60,000 Shares
🌸🌸🌸🌸🌸🌸🌸🌸
Category-wise Break up:
Anchor – 54,19,320 Shares = 666.57Crs
QIB – 36,12,820 Shares = 444.38Crs
NII – 27,09,615 Shares = 333.28Crs
RII – 63,22,435 Shares = 777.66Crs (Lot size: 12 = 5,26,870 Forms)
Empl. Quota – 1,82,500 Shares = 22.27Crs (@1220 per Share)
Total Issue – 1,82,46,600 Shares = 2244.15Crs.
Subscription required for 1X
RII = 5,26,870 Forms
NII = 333.28 Crs
🌸🌸🌸🌸🌸🌸🌸
NAV as on June 30, 2020 was Rs.108.27 (Page #75 of RHP)
Listed Industry Peer Group (Page #67 of DRHP): None
🌸🌸🌸🌸🌸🌸🌸🌸
CAMS IPO – *Market’s Current Estimates of oversubscription*:
RII = 27.00L Forms = 5.12X Applic. wise (Avg allotment of ~2.34 shares per lot)
NII = 50K Crs. = ~147.62X
Interest cost *@7.50%p.a.* for 7days = 179.79paise for 1X
Thus, for NII the costing = 147.62 X 179.79paise = Rs.265.42 per share (= GMP)
And, for RII the costing = 2.34 X 265.42 = Rs. ~622/- (= Kostak)
🌸🌸🌸🌸🌸🌸🌸🌸
CAMS IPO – *GMP Estimated*
GMP 350 +/- 2
Kostak 825 +/- 25
Listing on only BSE not NSE
nice post
UTI AMC IPO – *GMP Estimated*
GMP 30 +/- 1
Kostak 325 +/- 25
🌀🌀🌀🌀🌀🌀🌀
Chemical IPO
GMP 325 +/- 2
🌀🌀🌀🌀🌀🌀🌀🌀
MAZAGON DOCK SHIPBUILDERS IPO – *GMP Estimated*
GMP 130 +/- 2
Kostak 550 +/- 25
🌀🌀🌀🌀🌀🌀🌀🌀
CAMS IPO
GMP 325 +/- 2
♦️♦️♦️♦️♦️♦️♦️♦️♦️♦️