CAMS IPO Subscribed 47 Times On Final Day Of Bidding
(Photographer: Anindito Mukherjee/Bloomberg)

CAMS IPO Subscribed 47 Times On Final Day Of Bidding

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Computer Age Management Services Ltd.'s initial public offer was subscribed 46.93 times on the final day of bidding on Wednesday.

The Rs 2,242-crore IPO of Warburg Pincus-backed CAMS received bids for 60,19,36,188 shares against the offer size of 1,28,27,370 shares.

The portion meant for qualified institutional buyers (QIBs) was subscribed 73.18 times, non institutional investors 111.85 times and retail individual investors 5.44 times.

The company's initial public offer consists of an offer for sale of over 1.82 crore shares and is in a price range of Rs 1,229-1,230 apiece.

CAMS had raised a little over Rs 666 crore from anchor investors.

The public offer of CAMS, which acts as a registrar and transfer agent for mutual funds, opened for subscription on Monday.

CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions.

Headquartered in Chennai, the company is co-owned by NSE Investments, Warburg Pincus, Faering Capital ACSYS Investments and HDFC Group.

Kotak Mahindra Capital Company, HDFC Bank, ICICI Securities, Nomura Financial Advisory and Securities are the managers to the offer.

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