CAMS share price gains after Goldman Sachs, others buy 32.5 lakh shares
Analysts advise investors to hold the stock either in full or partial quantity, given the strong business market share, asset-light business model, expected growth and no direct listed peer.
CAMS lists at 23% premium over issue price
CAMS lists at 23% premium over issue priceThe 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. Computer Age Management Services Ltd - 543232 - Listing of equity shares of Computer Age Management Services Ltd
Trading Members of the Exchange are hereby informed that effective from October 01, 2020, the equity shares of Computer Age Management Services Ltd (Scrip Code: 543232) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities. For further details please refer to the notice no 20200930- dated September 29, 2020. Tech firm CAMS' public issue subscribed 1.9 times on second day
The institutional investor section was subscribed 0.83x, the high networth individuals (HNI) portion was subscribed 1.22x
CAMS IPO fully subscribed. Key things to know before you invest
CAMS is selling shares in the price band of 1,229-1,230.CAMS IPO: The lot size is 12
CAMS' profits hinge on growth in mutual funds' assets under management
With nine of the 15 largest mutual funds as its clients, the diversification adds a bit of comfort. Being in the services sector, CAMS does not have huge capital expenditure, except for maintenance on IT and other infrastructure CAMS raises 243 crore from anchor investors
Issue will open on Sept 21, close on Sept 23; price band of 1,229-1,230 a share of face value 10 each