CAMS Rs 2,240-cr IPO opens today– Here is all you need to know
Business

CAMS Rs 2,240-cr IPO opens today– Here is all you need to know

New Delhi: Computer Age Management Services (CAMS) preliminary public providing (IPO) will hit the first market on September 21.

CAMS, which acts as a registrar and switch agent (RTA) for mutual funds is concentrating on to boost Rs 2,240 crore from buyers.

The firm’s chief govt Anuj Kumar stated NSE determined to promote its complete holding within the firm after capital markets watchdog Securities and Exchange Board of India (Sebi) directing the highest fairness bourse to pare its holding within the firm, PTI stated.

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Here is all that you must know in regards to the CAMS IPO

  • The provide will see sale of 1,82,46,600 fairness shares or 37.four per cent stake by NSE Investments
     
  • NSE Investments is the subsidiary of National Stock Exchange (NSE).
     
  • The complete quantum of shares being bought to buyers is NSE’s holding.
     
  • There is not going to be any new subject of shares which can see cash coming into the corporate.
     
  • The subject will open on September 21 and shut of September 23.
     
  • Anchor buyers’ portion will open on September 18.
     
  • Half of the problem is reserved for certified institutional patrons.
     
  • 35 % is reserved to retail buyers, 15 per cent to non-institutional bidders.
     
  • 1.82 lakh shares are reserved for workers, who will get the shares at a 10 per cent low cost.
     
  • The value band has been set at between Rs 1,229-1,230 per share.
     
  • Company will increase Rs 2,242 crore on the higher finish of the band.
     
  • The subject is being managed by Kotak Mahindra Capital Co Ltd, HDFC Bank Ltd, ICICI Securities Ltd and Nomura Financial Advisory and Securities (India) Pvt Ltd.

CAMS is a technology-driven monetary infrastructure and providers supplier to mutual funds and different monetary establishments. Headquartered in Chennai, CAMS is co-owned by NSE Investments, Warburg Pincus, Faering Capital ACSYS Investments and HDFC Group.

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