Bookbuilding IPO | ₹2,243 Cr | Listed at BSE | Mon, Sep 21, 2020 - Wed, Sep 23, 2020
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 the BSE on Oct 1, 2020.
CAMS IPO is set final issue price at ₹1,230 per share. The lot size for an application is 12 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,760 (12 shares) (based on upper price). 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.
Refer to CAMS IPO RHP for detailed Information.
IPO Open
Mon, Sep 21, 2020
IPO Close
Wed, Sep 23, 2020
Issue Price
₹1230 per share
Market Cap (Pre-IPO)
₹6,000.78 Cr
| IPO Date | 21 to 23 Sep, 2020 |
| Listed on | Thu, Oct 1, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹1229 to ₹1230 |
| Issue Price | ₹1230 per share |
| Lot Size | 12 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Employee Discount | ₹122.00 |
| Total Issue Size | 1,82,46,600 shares (agg. up to ₹2,243 Cr) |
| Offer for Sale | 1,82,46,600 shares of ₹10 (agg. up to ₹2,243 Cr) |
| Share Holding Pre Issue | 4,87,86,800 shares |
| Share Holding Post Issue | 4,87,86,800 shares |
| BSE Script Code / | 543232 / CAMS |
| ISIN | INE596I01020 |
CAMS IPO comprises a total issue size of 1,82,46,600 shares. The net offer to the public is 1,80,64,100 shares, after excluding 1,82,500 shares under a preferential allotment. Of the Net offer 90,32,050 (50.00%) are allocated to QIB, 27,09,615 (15.00%) allocated to NII 63,22,435 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 90,32,050 | 50.00% | 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 | 15.00% | 14.85% | NA |
| Retail Shares Offered | 63,22,435 | 35.00% | 34.65% | 5,26,869 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,82,500 | 1.00% | NA | |
| Total Shares Offered | 1,82,46,600 | 100.00% | 100.00% | |
Investors can bid for a minimum of 12 shares and in multiples thereof.
| 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 |
CAMS IPO raises ₹666.57 crore from anchor investors. CAMS IPO Anchor bid date is September 18, 2020.
| Bid Date | Fri, Sep 18, 2020 |
| Shares Offered | 54,19,230 |
| Anchor Portion (₹ Cr.) | 666.57 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 28, 2020 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 27, 2020 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
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
| Period Ended | 30 Jun 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 835.45 | 802.53 | 736.32 | 697.85 |
| Total Income | 163.46 | 721.34 | 711.81 | 657.82 |
| Profit After Tax | 40.83 | 173.46 | 130.90 | 146.31 |
| EBITDA | 45.00 | 61.98 | 260.66 | 217.31 |
| NET Worth | 528.20 | 539.81 | 441.29 | 443.52 |
| Reserves and Surplus | 479.41 | 491.05 | 392.53 | 394.76 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The CAMS IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 33.02 | 1,82,46,600 | 60,24,64,938 | |
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:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | 39.69 |
| 2 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.38 |
| 3 | Selling commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs using UPI | 2.37 |
| 4 | Fees payable to the Registrar to the Offer | 1.54 |
| 5 | Fees payable to the other advisors to the Offer NSDL, CDSL | 1.46 |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE processing fees, book building software fees and other regulatory expenses | 9.47 |
| 7 | Printing and stationery | 3.60 |
| 8 | Advertising and marketing expenses | 3.46 |
| 9 | Fee payable to legal counsels | 6.36 |
| 10 | Miscellaneous | 2.88 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹1,230.00 |
| Open | ₹1,518.00 |
| Low | ₹1,306.20 |
| High | ₹1,550.00 |
| Last Trade | ₹1,401.60 |
Lead Manager Reports
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 Crores. The issue is priced at ₹1230 per share. The minimum order quantity is 12.
The IPO opens on Mon, Sep 21, 2020, and closes on Wed, Sep 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 Mon, Sep 21, 2020 and closes on Wed, Sep 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 Wed, Sep 30, 2020. Check the CAMS IPO allotment status.
The CAMS IPO listing date is on Thu, Oct 1, 2020.
