CAMS IPO: Price band, lot size, important dates and should you subscribe or not; all details inside
CAMS IPO: Computer Age Management Services (CAMS) IPO (Initial Public Offer) will become available for subscription from 21st September 2020. CAMS IPO subscription will remain available from 21st to 23rd September 2020.
CAMS IPO: Computer Age Management Services (CAMS) IPO (Initial Public Offer) will become available for subscription from 21st September 2020. CAMS IPO subscription will remain available from 21st to 23rd September 2020. Price band of the CAMS IPO is Rs 1229 to Rs 1230 per share and one lot will consist of 12 CAMS shares. CAMS IPO will be listed at the BSE.
HDFC Bank, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are lead managers of the CAMS IPO while Link Intime India Private Ltd will work as registrar of the CAMS IPO.
Important dates for CAMS IPO
CAMS IPO Subscription opens on 21st September 2020.
CAMS IPO subscription closes on 23rd September 2020.
CAMS IPO allotment date is 28th September 2020.
Refund initiation will begin from 29th September 2020.
Credit of CAMS shares in the demat account of the allottees is 30th September 2020.
CAMS IPO listing date is 1st October 2020.
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Cap on retail investors
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.
CAMS IPO Subscribe or Not
On fundamentals of the CAMS IPO, Prayesh Jain, Lead Analyst at Yes Securities said, "CAMS is the market leader with ~70% market share in the duopoly market of Registrar and Transfer Agents (RTA). CAMS derives almost 72% of the revenues as a direct charge to AMC on their AAUM. Hence, it is a direct proxy on growth in AUMs for the asset management companies which it serves (total 16, 4 out of the top 5 AMCs in the country). CAMS is looking to diversify its revenue base with the addition of AIFs and Insurance companies to its client roster. The company earns a healthy RoE of 35%+, has zero debt, has a dividend payout policy of at least 65% and generates robust free cash every year. The valuations are reasonable at FY22E P/E of 26x. We assign a SUBSCRIBE rating."
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