The IPO of CAMS, which acts as a registrar and switch agent (RTA) for mutual funds, opens on Monday and closes on September 23. The associated charge band has been assign at between ₹1,229-1,230 per share and the firm will elevate ₹2,242 crore on the upper terminate of the band. The lot size of CAMS IPO is 12 when formulation that traders want to apply for no longer lower than 12 shares and in multiples thereof. CAMS IPO comes amid a jump IPO job no longer too prolonged in the past, and it’s miles the finest providing by size in primarily the most modern occasions.
Right here are 10 issues to grab about CAMS IPO:
1) CAMS is a know-how-driven monetary infrastructure and products and services provider to mutual funds and other monetary institutions.
2) The total quantum of shares being offered to traders in CAMS IPO is NSE’s maintaining and there’ll no longer be any new enviornment of shares. The offer will search sale of 1,82,46,600 equity shares or 37.4 per cent stake by NSE Investments, the subsidiary of National Inventory Change (NSE).
3) CAMS CEO Anuj Kumar acknowledged NSE made up our minds to sell its complete maintaining in the firm after capital markets watchdog Securities and Change Board of India (Sebi) directing the tip equity bourse to pare its maintaining in the firm.
4) The firm counts on other traders together with non-public equity main Warburg Pincus and the HDFC Community, who will continue to be invested.
5) 35% of the CAMS IPO enviornment is reserved for retail traders whereas there is a reservation of 1.82 lakh shares for workers, who will accumulate the shares at a 10%.
6) CAMS claims to be India’s greatest registrar and switch agent of mutual funds with a market share of virtually 70%.
7) The subject is being managed by Kotak Mahindra Capital Co Ltd, HDFC Financial institution Ltd, ICICI Securities Ltd and Nomura Financial Advisory and Securities (India)
8) “CAMS derives almost 72% of the revenues as a straight away fee to AMC on their AAUM. Due to this truth, it’s miles a straight away proxy on hiss in AUMs for the asset management corporations,” Certain Securities acknowledged in a repeat.
9) Hyperlink Intime India Pvt Ltd is the registrar of CAMS IPO. This can arrange the proportion allocation and refund.
10) There don’t seem to be any listed friends whose busienss operations are equal to CAMS. CDSL performs regarded as one of many functions equal to CAMS, so it might perchance truly perchance well possibly even be regarded as a proxy search, Need Broking acknowledged in a repeat.
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