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Chemcon IPO subscribed 149 times, CAMS 47 times as offers conclude

CAMS provides financial infrastructure and services to mutual funds (MFs) and other financial institutions and is India's largest registrar and transfer agent (RTA) of MFs

IPO, initial public offering

Chemcon’s HNI portion was subscribed 450 times & its institutional portion was subscribed 113 times

Sundar Sethuraman Thiruvananthapuram
The initial public offering (IPO) of both  Computer Age Management Services (CAMS) and Chemcon  Speciality Chemicals received strong investor response on Wednesday, the concluding day of the IPOs. CAMS was subscribed 47 times and Chemcon 149 times.

The wealthy investor portion of CAMS was subscribed 112 times, the institutional portion 73 times, and the portion reserved for retail investors was subscribed five times. CAMS had allotted shares worth Rs 666 crore on Saturday to 35 anchor investors, including Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs India, and the Government of Singapore.

CAMS provides financial infrastructure and services to mutual funds (MFs)

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First Published: Sep 24 2020 | 1:27 AM IST

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