Business Desk. Companies also benefit from investing in IPOs. Many times it gives very high returns, which investors are not able to think about beforehand. Investors got up to 138% returns in 10 days in Happiest Minds’ IPO. In such a short time, investors’ money has more than doubled. Today, the biggest IPO of this year is going to open on 21 September. This IPO belongs to Computer Edge Management Services (CAMS). Learn about it.
What is the target
Computer Edge Management Services (CAMS) aims to raise Rs 2,242 crore from this issue. As per the order of the Security and Exchange Board of India (SEBI), the National Stock Exchange (NSE) is about to sell its entire 37.4 per cent stake in CAMS through this issue.
CAMS Computer Age Management Services (CAMS) provides services related to registrar and transfer agents associated with mutual funds. Investments in this issue can be made till September 23.
666.57 crore raised from anchor investors
Computer Age Management Services (CAMS) has raised 666.57 crore from 35 anchor investors. Shares are distributed to anchor investors at a price of Rs 1,230 per share. Smallcap World Fund has bought 9% of the shares of anchor investors.
Also included in
the list of anchor investors are the name of Government of Singapore, Abu Dhabi Investment Authority. All these are given a 4.5 per cent stake. Also, 30 schemes of a total of 13 domestic mutual funds have held 36.46 per cent stake in anchor investors.
What is the price
of 1229-1230 rupees has been kept for the shares of the price band company. Investors have to bid for at least one lot i.e. 12 shares. Retail investors cannot bid for more than 13 lots of shares. The Asset Light business model and a strong hold in the market occupy leading positions in its segment.
What is SEBI’s order
As per SEBI order, the National Stock Exchange (NSE) is about to sell its entire 37.4 per cent stake or 1,82,46,600 shares in CAMS through this issue. Kotak Mahindra Capital, HDFC Bank, ICICI Securities and Nomura Financial Advisory will manage the issue.
What is Business of
Computer Edge Management Services Computer Edge Management Services CAMS (CAMS) provides registrar and transfer agent services for asset management companies (AMC) in India. It has a 70 percent market share. 9 of the top 15 mutual funds are taking advantage of its services. During FY 2017-18 to FY 2019-20, the company’s revenue grew at an annual rate of 6.6 per cent to Rs 699.6 crores and net profit increased by 8.8 per cent to Rs 173.4 crores.
The company’s business model is strong
Financial Experts says that the company’s business model is strong. The company has a market share of 70 per cent in the mutual fund RTA industry. The company’s balance sheet is clean. Its operating margin is also strong. With growth associated with an increase in AUM for mutual funds, the company has been able to generate forward-looking returns and continues to grow.