CAMS IPO
CAMS IPO — date, price band, lot size & details 2020
CAMS listed on 1 Oct 2020 at ₹1,518, 23.4% above the ₹1,230 issue price.
Computer Age Management Services (CAMS) is the largest registrar and transfer agent of mutual funds in India, serving funds, distributors and investors. Its total income was Rs 721.34 crore in FY2020.
Stock price
CAMS is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 21 Sep 2020
- Close 23 Sep 2020
- Allotment 28 Sep 2020
- Refund/credit 29 Sep 2020
- Listing 01 Oct 2020
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 23 Sep, 2020 |
|---|---|
| Price Band | ₹1229 – ₹1230 |
| Face Value | ₹10 |
| Lot Size | 12 Shares |
| Issue Size | ₹2243.12 Cr |
| Sale Type | OFS only |
| Listing On | BSE |
| Employee Discount | Rs 122.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,760 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 12 shares at the ₹1230 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 12 | ₹14,760 |
| Retail (max) | 13 | 156 | ₹1,91,880 |
| S-HNI (min) | 14 | 168 | ₹2,06,640 |
| S-HNI (max) | 67 | 804 | ₹9,88,920 |
| B-HNI (min) | 68 | 816 | ₹10,03,680 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It had about 70% of the mutual fund RTA market by AAUM serviced in July 2020, up from about 61% in March 2015.
- 02EBITDA rose from Rs 217.31 crore in FY2019 to Rs 260.66 crore in FY2020.
- 03Profit after tax rose from Rs 130.90 crore in FY2019 to Rs 173.46 crore in FY2020.
- 04Its clients include nine of the 15 largest mutual funds by AAUM in July 2020.
- 05Net worth was Rs 539.81 crore on 31 March 2020.
Risks · 5
- 01Its top five clients gave 70.9% of revenue in the three months to 30 June 2020 and 67.4% in FY2020.
- 02Fees depend on mutual fund AUM, so a market fall cuts revenue; total income was Rs 163.46 crore in the June 2020 quarter.
- 03The whole Rs 2,243.12 crore issue was an offer for sale, so none of it went to the company.
- 04The promoter, Great Terrain, held only 30.98% before and after the issue.
- 05Profit after tax fell from Rs 146.31 crore in FY2018 to Rs 130.90 crore in FY2019 before recovering.
Three years of numbers
All figures in ₹ crore, as reported in the CAMS offer document.
| Metric | 30 Jun 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 835.45 | 802.53 | 736.32 | 697.85 |
| Total Income | 163.46 | 721.34 | 711.81 | 657.82 |
| Profit After Tax | 40.83 | 173.46 | 130.90 | 146.31 |
| EBITDA | 45.00 | 260.66 | 217.31 | 240.25 |
| NET Worth | 528.20 | 539.81 | 441.29 | 443.52 |
| Reserves and Surplus | 479.41 | 491.05 | 392.53 | 394.76 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the CAMS IPO will be updated shortly.
About the company
According to the CRISIL Report in its RHP, it is the largest registrar and transfer agent of mutual funds in India, with about 70% market share by average AUM serviced in July 2020, up from about 61% in March 2015. Its clients include four of the five largest mutual funds.
It handles transaction origination and execution, payments, settlement, dividend processing, record keeping and brokerage computation. It also serves alternative investment funds, insurers, banks and NBFCs, and runs a KYC registration agency.
The IPO was Rs 2,243.12 crore and was entirely an offer for sale by NSE Investments, so the company received no money. Its promoter is Great Terrain Investment Ltd. The shares were listed only on BSE.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
CAMS IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
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Nomura Financial Advisory & Securities (India) Pvt. Ltd
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Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of CAMS?
The current Grey Market Premium is ₹320, or 26% over the issue price.
What is the CAMS IPO price band?
₹1229 to ₹1230, on a face value of ₹10.
When is the allotment?
The basis of allotment is 28 September 2020, with listing on 1 October 2020.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
