CAMS is India’s largest registrar and transfer agent (RTA) of mutual funds (MFs) with an aggregate market share of 70% based on average MF assets under management (AUM) of its serviced clients as of July 2020.
It services 4 of the 5 largest MFs and is the fastest growing RTA.
CAMS offers technology-enabled infrastructure to MFs and is involved in the entire life cycle of an account.
CAMS business model is highly scalable, has a good margin profile and w/c is a non-factor which results in stellar ROE/RoIC. Currently, cash and investments are ~76% of its net worth.
Continued financialization of savings, growing investor base and growing AUMs are main growth drivers for CAMS.
|Issue Opens on||21 September 2020|
|Issue Closes on||23 September 2020|
|IPO Price||₹ 1,229 - ₹ 1,230 per share|
|Face Value||₹10 per equity share|
|IPO Size||2242 Crs.|
|IPO Lot Size||12 Shares|
|Listing on||Bombay Stock Exchange & National Stock Exchange|
|QIB||50% of Net Issue|
|NII||15% of Net Issue|
|Retail||35% of Net Issue|