Tech firm CAMS' IPO subscribed 1.93 times on second day of bidding

The initial public offer of Computer Age Management Services (CAMS) was subscribed 1.93 times on the second day of bidding on Tuesday.

The IPO of Warburg Pincus-backed CAMS received bids for 2,47,77,912 shares against the offer size of 1,28,27,370 shares.

Qualified institutional buyers (QIBs) category was subscribed 83 per cent, non-institutional investors, 1.22 times, and retail individual investors 2.91 times.

The initial public offer is of up to over 1.82 crore shares and is in the price range of Rs 1,229-1,230 per share.CAMS had raised a little over Rs 666 crore from anchor investors. The company will raise Rs 2,242