Details
- Dates: 21-23 Sept 2020
- Issue Size: ₹2,244 Cr
- Offer for Sale: ₹2,244 Cr (Entire 100% of the issue)
- Price Band: ₹1229-1230
- Post issue market capitalisation: ₹ 5,993 Cr – 5,997 Cr
- Market Lot: 12 Shares amounting to ₹14,760
- Promoter Holding Pre IPO: 43.50%
- Promoter Holding Post IPO: 30.98%
- IPO Listing At BSE
Objectives of the Issue
- To carry out the Offer for Sale of up to 18,246,600 Equity Shares by the Selling Shareholders
- Achieve the benefits of listing the Equity Shares
Company Description
- It is a technology-driven financial infrastructure and service provider.
- It is India’s largest registrar and transfer agent of mutual funds and as per the Crisil November 2019 report, it has a 69.40% mutual fund aggregate market share.
- In the electronic payment collections services business, CAMS manages mandated transactions, including registering of mandates, initiation of collections, reconciliation and the related reporting services for mutual funds, non-banking finance companies and banks.
- In the insurance services business, CAMS offers processing of new business applications, holding policies in dematerialized form, servicing policies and other support functions to insurance companies. For the financial year 2018, CAMS had a market share of 39% of the insurance repository business, based on e-insurance policies being managed, according to the CRISIL Report.
- In the alternative investment funds services business, CAMS provides services to investors manage records and perform fund accounting and reporting, among other services, for alternative investment and other types of funds.
- In its banking and non-banking services business, CAMS offers digitization of account opening, facilitation of loan processing and back-office processing services to banking and non-banking financial institutions.
- In its KYC registration agency business, CAMS verifies and maintain KYC records of investors for use by financial institutions.
- In the software solutions business, CAMS technology team develops software for its mutual funds services business and for mutual fund companies.
Promoter
- Great Terrain Investment Ltd is the promoter of the company.
Financials
- According to the FY20 earnings, the issue is priced at a P/E of 34.61.
Risk Factors
Company Positives
(Disclaimer: I am not a SEBI registered investment adviser, kindly consult your financial adviser before taking any investment decisions.)