CAMS IPO Review

About Company - CAMS

About CAMS IPO

CAMS IPO will open from 21st to 23rd Sep 2020. The price band for IPO is ₹1229-1230, lot size 12 shares. Let's get the complete review of CAMS IPO, business overview, IPO dates, CAMS IPO allotment, subscription, company financials, GMP and other information.

For CAMS IPO, the Floor Price is 122.90 times and the Cap Price is 123 times the face value of the equity shares. The CAMS IPO has 182500 shares for the Employees reservation portion. A discount of ₹122 per equity shares is offered to eligible Employees under Employee Quota.

Company Incorporated year: 1988

Sector: Financial service industry

Fresh issue: Rs. 2242 Crore

Employee Reservation: Up to 182,500 Equity Shares

Website:http://www.camsonline.com

About Company - Computer Age Management Services Limited (CAMS)

CAMS is the India’s largest registrar and mutual funds transfer agents with 69.4% market share in Average Asset under Management (AAUM) during November 2019. Therefore, its mutual fund business is one of the largest mutual funds based on AAUM. Company is serving the Indian financial service sector since last 2 decades and has built a strong brand reputation as registrar and transfer agency. It is co-owned by NSE Investments Limited, Warburg Pincus LLC, Faering Capital, ACSYS Investments Pvt Ltd, and HDFC Group.

CAMS provides a technology-driven financial infrastructure to investors and since inception, its product portfolio have been grown so far as currently its offers services i.e. transaction origination interface, transaction execution, online payment, settlement and reconciliation, processing dividend, keeping investors record, report generation, brokerage computation and compliance, and others.

It runs both B2B and B2C service model, under the B2B, it offers services to alternate investment funds, insurance companies, banks and other non-banking financial companies. However, under the B2C models, it serves end customers through various touch points such as 278 PAN-India networks of service centers across 25 states and 5 union territories, Call centre in four cities i.e. Mumbai, Chennai, Kolkata, and New Delhi, four back office delivery centers at Chennai and Coimbatore, online services, mobile application, and Chatbot.

HDFC, Aditya Birla Capital Limited, SBI Fund Management Private Limited, DSP Investment Managers Private Limited, Kotak Mahindra Asset Management Company Private Limited, and ICICI are some of its key mutual fund clients. According to CRISIL report, CAMS recorded Rs.18.7 trillion of AAUM from 16 mutual fund clients as on November 2019.

CAMS products & Services

• Verify and complete KYC registration services to be used by financial institutions.
• Transaction mandate, electronic payment collections, mandate registration, collection initiation, and reconciliation.
• Insurance business services: Serve insurance companies through processing new business app, keep policy in demat form, servicing policies, and others.
• Alternative investment Funds Services: Serve businesses, maintain records, perform fund accounting and reporting, etc.
• Banking & Non-Banking Services: Digitalization of account opening, loan processing, back-office transactions, etc.
• Software Solution Business: Developing software for mutual fund businesses and AMCs.

CAMS IPO Strengths

• Largest registrar and transfer agency in India.
• Country’s biggest financial infrastructure and service provider.
• Widespread product portfolio including financial services, KYC registration, mutual funds, and others.
• In FY 2018, it reported a market share of 39% in insurance repository business.
• Integrated business model and strong customers’ relationship in MF service segment.
• Advanced in-house build technology platforms such as Investrak.NET, myCAMS mobile app, GoCORP, MFDEx, and others.
• Experienced and prudent team of management.