CAMS IPO Details

CAMS IPOCAMS 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 NSE, 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

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)
Day 1 Day 2 Day 3
QIB
NII
Retail
Employees
Total

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 will be 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 NSE: To be updated
Closing Price on NSE: To be updated

3 COMMENTS

  1. 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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Brokerage-free IPO Investing with India's #1 Broker

X