Mumbai, 1 October, 2020 (GPN):   Chennai based, Computer Age Management Services (CAMS), the India’s largest registrar and transfer agent of mutual funds; opened IPO on September 21, 2020 and closed on September 23, 2020 listed on the BSE and NSE at a 23% premium. The initial public offering was offered at a lower price band of Rs. 1,229 per share and higher price band of  Rs. 1,230 per share and found a great response from all investor categories to be subscribed over 46.93 times, generating a great response from investors.

Bids of 6,019,36,188 shares were received against the offering of 1,28,27,370 shares. The portion reserved for retail investors was subscribed 5.44 times. Non-Institutional Investor category was subscribed 111.85 times and Qualified Institutional Buyer category was subscribed 73.18 times.

The shares of the company listed at Rs. 1,518 per share and touched a high of Rs. 1,550 per share and closed lower at Rs.1401.60 per share. The total quantity traded on BSE today was 1.31 crore shares with a total delivery percentage of 53.82%. The Market Capitalization of the Company post today’s closing price stands at Rs. 6837.96 crores.

The Company had raised 666.56 crs from 35 anchor investors which included globally acclaimed institutions such as SmallCap World Fund, HSBC, Abu Dhabi Investment Authority, Caisse de Depot et Placement First State Investments, Eastspring Investments, Fidelity Investment Trust, Goldman Sachs, Govt. of Singapore, Nomura Funds Ireland Public Ltd Company.

Speaking on this momentous occasion – Mr. Anuj Kumar, CEO, CAMS. said “Evolving to become the largest Registrar and Transfer Agent to Mutual Fund industry and a service partner to the larger financial services segment and market participants, we have come a long way. I am humbled by the response to the IPO.  The faith reposed in the organization has been tremendous and it certainly motivates us to heighten our performance for our clients and stake-holders”

Narendra Ostawal, Managing Director, Warburg Pincus added “It’s indeed a momentous occasion for CAMS to have successfully completed its IPO. This is a culmination of a lot of perseverance over decades to build an institution. We are excited at this partnership with Anuj and the management team to take it to greater heights” ENDS

About CAMS:

CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over two decades of experience. The Company is India’s largest registrar and transfer agent of mutual funds with an aggregate market share of approximately 70% based on mutual fund average assets under management (“AAUM”) managed by its clients and serviced by them during July 2020, according to the CRISIL Report. Over the last five years, the Company has grown its market share from approximately 61% during March 2015 to approximately 69% during March 2020, based on AAUM serviced, according to the CRISIL Report. 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 July 2020, according to the CRISIL Report. With the initiative of creating an end-to-end value chain of services, the Company has grown its service offerings and currently provide 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 our pan-India network to its mutual fund clients, distributors and investors. the Company also provide certain services to alternative investment funds, insurance companies, banks and non-banking finance companies.