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CAMS IPO opens today: Four reasons why analysts suggest subscribing to it

As of June 2020, CAMS services four out of five largest AMCs - HDFC MF, ICICI Prudential MF, SBI MF, and Aditya Birla Sun Life MF.

Representative Image (Photo: Shutterstock)

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During FY17‐20, CAMS registered a revenue CAGR of 13.5 per cent and a PAT CAGR of 11.8 per cent. (Representative image. Source: Shutterstock)

Swati Verma New Delhi

5 min read Last Updated : Sep 21 2020 | 9:20 AM IST

The initial public offer (IPO) of Computer Age Management Services (CAMS), a technology-driven financial infrastructure and services provider to mutual funds (MFs) and other financial institutions, is set to open today. On Friday, the company raised Rs 666.56 crore from anchor investors.

Last week, the public offer of CAMS was upsized by 50 per cent to allow NSE, one of its key shareholders, to divest its holdings. In February, capital markets regulator Securities and Exchange Board of India (Sebi) had directed the NSE to divest its entire 37.5 per cent stake in CAMS within a year.

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