CAMS IPO: Anil Singhvi describes who should invest in this initial public offer and why
CAMS IPO update: The Rs 2,244 crore Computer Age Management Services (CAMS) IPO (initial public offering) was subscribed 82 per cent on Monday, the first day of subscription.
CAMS IPO update: The Rs 2,244 crore Computer Age Management Services (CAMS) IPO (initial public offering) was subscribed 82 per cent on Monday, the first day of subscription. The price band for the issue has been fixed at Rs 1,229-1,230 per share. The company will raise Rs 2,244 crore through an offer for sale. Zee Business Managing Editor Anil Singhvi has said that the CAMs IPO is for those investors who are looking for small listing gains and book high profit in the long-term.
Speaking on what type of investors can apply for the CAMS IPO, Anil Singhvi said, "For the success of an IPO, there are various factors and market mood is one of them. But, the fundamentals and balance sheet of the company is quite strong. Those IPO investors who look for small listing gains and high returns in the long-term, should definitely invest in the CAMS IPO." So, as per the Market Guru verdict, those who want to invest with long-term time-horizon, must go for the CAMS IPO subscription, if they haven't applied for it on 21st September 2020.
See Zee Business Live TV streaming below:
CAMS IPO is available for subscription till 23rd September 2020 and CAMS IPO allotment will take place on 28th September. After the CAMS IPO allotment, allottees will get the CAMS share credited in their demat account on 30th September while the CAMS IPO listing date is 1st October 2020.
See Zee Business Graphic below on CAMS IPO:
CAMS IPO investors can apply in lots and one lot will consist of 12 CAMS shares. One can apply for minimum one lot and maximum 134 lots. Hence, the investment range available for the CAMs IPO retail investors is from Rs 14,760 to Rs 1,91,880. For CAMS employees, Rs 122 per equity share relaxation has been given.
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