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CAMS Raises Rs 666.5 Crore From Anchor Investors Ahead Of IPO

By Staff

Ahead of its initial public offering (IPO) scheduled for 21 September, Computer Age Management Services (CAMS) raised Rs 666.57 crore from a total of 35 investors.

CAMS Raises Rs 666.5 Crore From Anchor Investors Ahead Of IPO

The biggest investor in the anchor allotment was Smallcap World Fund which was allocated 9 percent of the anchor investment portion. Other investors include the Government of Singapore and Abu Dhabi Investment Authority, who were allocated 4.5 percent each of such portion.

The anchor allotment was made at Rs 1,230 per share.

Also, 13 domestic mutual funds through a total of 30 schemes were allocated 36.46 percent of the total anchor investment portion.

CAMS IPO To Open On 21 Sept: All You Need To Know

CAMS IPO, with an issue size of Rs 2,242 crore is going to be the biggest IPO in the financial year 2020-21, so far.

The price band for the issue is set at 1,229-1,230 per share and retail investors can bid for a minimum of 13 shares till 23 September.

CAMS is India's largest registrar and transfer agent of mutual funds. As per the Crisil report in November 2019, it has 69.4 percent mutual fund aggregate market share. Technology-based services provided by the company include 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.

Read more about: cams ipo
Story first published: Saturday, September 19, 2020, 11:01 [IST]
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