Computer

Computer Age Management Services (CAMS) Ltd is a technology-driven financial infrastructure and service provider. It is Indias 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

Company Promoters:

Great Terrain Investment Ltd is the promoter of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
30-June-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 8,354.53 8,025.34 7,363.24 6,978.48
Total Revenue 1,634.61 7,213.43 7,118.08 6,578.20
Profit After Tax 408.25 1,734.56 1,308.95 1,463.05

Objects of the Issue:

The objects of the Offer are:

1. To carry out the Offer for Sale of up to 18,246,600 Equity Shares by the Selling Shareholders; and
2. Achieve the benefits of listing the Equity Shares on the BSE.

IPO Opening Date Sep 21, 2020
IPO Closing Date Sep 23, 2020
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹1229 to ₹1230 per equity share
Market Lot 12 Shares
Min Order Quantity 12 Shares
Listing At BSE
Issue Size18,246,600 Eq Shares of ₹10
(aggregating up to ₹2,244.33 Cr)
Offer for Sale18,246,600 Eq Shares of ₹10
(aggregating up to ₹2,244.33 Cr)
Employee Discount 122

CAMS IPO Tentative Timetable

The CAMS IPO open date is Sep 21, 2020, and the close date is Sep 23, 2020. The issue may list on Oct 1, 2020.

IPO Open Date Sep 21, 2020
IPO Close Date Sep 23, 2020
Basis of Allotment Date Sep 28, 2020
Initiation of Refunds Sep 29, 2020
Credit of Shares to Demat Account Sep 30, 2020
IPO Listing Date Oct 1, 2020

CAMS IPO Lot Size

The CAMS IPO market lot size is 12 shares. A retail-individual investor can apply for up to 13 lots (156 shares or ₹191,880).

Application Lots Shares Amount (Cut-off)
Minimum 1 12 ₹14,760
Maximum 13 156 ₹191,880

CAMS IPO Promoter Holding

Pre Issue Share Holding 43.53%
Post Issue Share Holding

CAMS IPO Offer Size by Investor Category

The Percentage of Offer Size available for Allotment/allocation:

  • QIBs: 50%
  • Non-Institutional Investors: 15%
  • Retail Individual Investors: 35%

CAMS IPO Employees Reservation

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:

  • When using UPI as a payment method, the primary account holder in the bank and demat should be the same person. Use of 3rd party UPI ID or 3rd party bank account is not allowed.
  • When using ASBA, up to 5 CAMS IPO applications can be applied from the same bank that offers the 3rd Party ASBA IPO application.
  • HUF and Minors can only apply using ASBA from the banks that offer the 3rd Party ASBA IPO application. i.e. SBI, Axis bank. Click here for more detail.

Risks to Investors

  • The 4 Lead Managers associated with the Offer have handled 17 public issues in the past three years out of which 6 issues closed below the issue price on the listing date.
  • The PE ratio based on diluted EPS for FY 2020 for the Issuer at the upper end of the Price Band is as high as 34.61.
  • Average cost of acquisition of Equity Shares for the Selling Shareholder namely NSE Investments Limited is Rs 187.86 per Equity Share and the Offer Price at the upper end of the Price Band is Rs 1,230 per Equity Share.
  • Weighted Average Return on Net Worth for Fiscals 2020, 2019, and 2018 is 31.40%.

CAMS IPO Subscription Status (Bidding Detail)

The CAMS IPO is subscribed 46.99x times on Sep 23, 2020 18:48. The public issue subscribed 5.54x in the retail category, 73.18x in the QIB category, and 111.85x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

73.18x

NII

111.85x

RII

5.54x

Employee

1.16x

Total

46.99x

* Application wise IPO Subscription in Retail: 2,180,750

Rating:Rated

Listing Date Thursday, October 1, 2020
BSE Script Code 543232
NSE Symbol CAMS
Listing In B Group of Securities
ISIN INE596I01012
IPO Price ₹1230 per equity share
Face Value ₹10 per equity share
.
IPO Price
Open
Low
High
Last Trade
BSE
₹1,230.00
₹1,518.00
₹1,306.20
₹1,550.00
₹1,401.60

Computer Age Management Services Ltd
New No. 10,
Old No. 178, M.G.R. Salai,
Nungambakkam, Chennai 600 034,
Phone: +91 44 2843 2770
Email: secretarial@camsonline.com
Website: http://www.camsonline.com/

CAMS IPO FAQs

CAMS IPO is a main-board IPO of 18,246,600 equity shares of the face value of ₹10 aggregating up to ₹2,244.33 Crores. The issue is priced at ₹1229 to ₹1230 per equity share. The minimum order quantity is 12 Shares.

The IPO opens on Sep 21, 2020, and closes on Sep 23, 2020.

Link Intime India Private 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the CAMS IPO row and click the Bid button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The CAMS IPO opens on Sep 21, 2020 and closes on Sep 23, 2020.

CAMS IPO lot size is 12 Shares and the minimum order quantity is 12 Shares.

You can apply in CAMS IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who dont offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for CAMS IPO will be done on Sep 28, 2020, and the allotted shares will be credited to your demat account by Sep 30, 2020. Check the CAMS IPO allotment status.

The CAMS IPO listing date is on Thursday, October 1, 2020.

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