Computer Age Administration Corporations (CAMS) preliminary public offering (IPO) opens for subscription on Monday i.e. September 21, 2020. The IT firms company’s topic will keep open until September 23, between 10:00 am and 5:00 pm on daily basis. The price band has been mounted at Rs 1,229-1,230 per share. On the upper end of the worth band, the IPO will fetch Rs 2,242 crore.
The Rs 2,242 crore IPO may be an offer-for-sale of 1.22 crore shares by the promoters, viz Good Terrain Funding, NSE Investments, Warburg Pincus and Acsys Investments.
Retail merchants are eligible to bid for a minimal one lot of 12 shares and in multiples of 12 shares thereafter, to a most of 13 tons. The shares can have a face price of Rs 10 per share and may be listed on the BSE on October 1, 2020.
As that’s an offer-for-sale, Computer Age Administration Corporations isn’t going to acquire any proceeds from the share sale.
CAMS depends in Chennai. It provides dividend processing, transaction execution and investor interface firms to the BFSI (banking, financial firms and insurance coverage protection) sector.
The lead managers of the CAMS topic are Kotak Mahindra Capital, HDFC Monetary establishment, ICICI Securities and Nomura Financial Advisory and Securities.
The Computer Age Administration Corporations IPO could be the third this month, after Happiest Minds (listed inside the earlier week) and Route Cell (listed on September 21). Will most likely be the fifth public itemizing on this calendar 12 months, if one takes into consideration the SBI Taking part in playing cards and Price Corporations’ public present in March and Rossari Biotech share sale in July.