 "CAMS IPO subscribed 82% on day 1, retail investor portion fully subscribed")
The initial public offering (IPO) of Computer Age Management Services (CAMS) was subscribed 82 per cent on Monday, the first day of the issue. The portion reserved for retail investors was fully subscribed. However, the institutional investor section was subscribed 25 per cent, the high net worth individual (HNI) portion 30 per cent, and the employee portion 24 per cent.
On Saturday, the firm had allotted shares worth Rs 666 crore to 35 anchor investors. These include Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs India, and the Government of Singapore.
CAMS has priced its IPO in the range of Rs 1,229-1,230
