CAMS IPO: The preliminary public providing is an offer-for-sale of 1.22 crore shares by the promoters.
Laptop Age Administration Providers (CAMS)’ Rs 2,242-crore IPO preliminary public providing (IPO) closes for bidding at 5:00 pm right now i.e. September 23. The IT providers agency’s concern had opened on September 21. The corporate has mounted the worth band at Rs 1,229-1,230 per share. The general public provide will garner Rs 2,242 crore on the greater finish of the worth band. The IPO is an offer-for-sale of 1.22 crore shares by the promoters, Nice Terrain Funding, NSE Investments, Warburg Pincus and Acsys Investments.
As of 12 pm on September 23, the CAMS IPO was subscribed 7.03 occasions. The general public concern was subscribed 3.74 occasions within the retail class, 2.08 occasions within the certified institutional consumers (QIB) section and 21.76 occasions within the non-institutional buyers (NII) class.
The retail buyers can bid for a minimal one lot of 12 shares and in multiples of 12 shares thereafter, as much as 13 heaps. The shares may have a face worth of Rs 10 per share and be listed on the BSE on October 1, 2020.
CAMS is headquartered at Chennai. It provides dividend processing, transaction and investor interface providers to the BFSI (banking, monetary providers and insurance coverage) sector.
Amongst different ongoing IPOs, Chemcon IPO can even shut for subscription this night and the Angel Broking IPO will shut on Thusday.