 "Tech firm CAMS' public issue subscribed 1.9 times on second day")
The initial public offering (IPO) of Computer Age Management Services (CAMS) was subscribed 1.9x on Tuesday, the second day of the issue. The portion reserved for retail investors was subscribed 2.9x.
The institutional investor section was subscribed 0.83x, the high networth individuals (HNI) portion was subscribed 1.22x, and the portion reserved for employees was subscribed 0.52x.
The firm had allotted shares worth Rs 666 crore on Saturday to 35 anchor investors. The anchor investors include Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs India, and the Government of Singapore.
The Rs 2,244-crore IPO is priced between Rs 1,229 and Rs 1,230 apiece. The IPO is a pure offer for sale (OFS), and the company will not receive any proceeds.
CAMS is a financial infrastructure and services provider to mutual funds and other financial institutions. The firm is India's largest registrar and transfer agent of mutual funds (MFs) and enjoys a 70-per cent market share in MF services in terms of average assets under management.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%