cams share price: CAMS trades at a 23% premium over the issue price


NEW DELHI: Computer Age Management Services (CAMS) stock made a decent debut on Thursday, as the bond was trading at Rs 1,518 on the BSE, a 23.41 percent premium over its issue price of Rs 1,230.

The IPO, which was sold from September 21 to 23 in the price band of Rs 1,229-1,230, was subscribed 47 times.

Previously, the Rs 2,242 crore IPO of CAMS backed by Warburg Pincus received offers for 60,19,36,188 shares against the offering size of 1.28,27,370 shares.

The portion for Qualified Institutional Buyers (QIB) was subscribed 73.18 times, Non-Institutional Investors 111.85 times, and Retail Individual Investors 5.44 times.

Meanwhile, Chemcon Specialty Chemicals stock is trading at Rs 731, a 115 percent premium over its issue price of Rs 340 on NSE.

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

Based 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 were the managers of the offering.

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