Here's a step-by-step guide to check your allotment status for the CAMS IPO. The shares are likely to be listed on October 1.
The initial public offer (IPO) of Computer Age Management Services (CAMS) got fully subscribed on the second day of the bidding process, and was subscribed nearly 47 times. The Rs 2,244-crore public issue received bids for 1.38 crore equity shares against the offer size of 1.28 crore equity shares.
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The shares of CAMS are likely to be listed on October 1.
The portion reserved for retail investors has been subscribed 1.7 times, while the reserved category of non-institutional investors segment received 32.3 percent subscription.
The price band was fixed price band of Rs 1,229-1,230 per share.
The IPO of the Chennai based financial infrastructure company consists of an offer for sale of 1,82,46,600 equity shares by NSE Investments, a subsidiary of the National Stock Exchange, Great Terrain Investment, Acsys Investments, HDFC and HDB Employees Welfare Trust, as per the draft papers filed with Sebi.
Here's a step-by-step guide to check your allotment status for the CAMS IPO:
Note: Zerodha doesn't provide IPO allotment status.
Meanwhile, the brokerages are bullish on the company given its unique business and low valuations.
About the company: CAMS is the largest registrar and transfer agent (RTA) of mutual funds with an aggregate market share of approximately 70 percent based on mutual fund average assets under management.
The company has an experience of over two decades and works essentially as a services provider to mutual funds and other financial institutions.
It provides services like record keeping, report generation, transaction, payments and settlement, brokerage compliance, dividend processing along with other integrated financial services.
First Published: IST