CAMS IPO upsized by 50% to facilitate NSE exit, to comprise 18.2 mn shares

The issue size is likely to be around Rs 2,200 crore, up from Rs 1,500 crore

The initial public offering (IPO) of Computer Age Management Services (CAMS) has been upsized 50 per cent to allow the NSE to divest its holdings. 

Earlier, the mutual fund (MF) transfer agency was looking to offload 12.16 million shares, or a 25 per cent stake, through the IPO. Instead, CAMS IPO will now comprise 18.2 million shares — nearly 36 per cent of the equity base.

Further, NSE Investments — an arm of the NSE — will be the only selling shareholder under the new structure. Earlier, four other shareholders besides the NSE — including HDFC and an arm of Warburg Pincus