CAMS Shares Lists On NSE After 7 Months Of Its Entry Into Capital Market: Here's Why?

Shares of Chennai-based Computer Age Management Services (CAMS) listed on the NSE on May 7, 2021 after its IPO in September last year. The stock opened at a price of Rs. 2219.5 apiece and made an intra-day high of Rs. 2249.

While the stock of CAMS entered the secondary market in October 2020, it could not list on the NSE then as at that time CAMS was being backed by NSE's subsidiary firm. And through the IPO route, NSE Investment Ltd that held over 37 percent stake in the company, fully pared its stake. And now after several months, the company has been granted the permission to debut on the NSE.

CAMS came up with its public issue to raise Rs. 2242 crore at a price band of Rs. 1229-1230 per share. The issue of CAMS ran between 21-23 September, 2020 and garnered subscription of 47 times.

Until now, shares of CAMS were trading under the permitted category on the NSE. As per which, bourses allow market players to trade in stocks that are actively traded at other exchanges but not listed on their own exchange.

The registrar and transfer agent of mutual funds company is slated to announce its fourth quarter, full year results and consider final dividend on 25 May 2021.

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