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CAMS IPO issue opens today: Should you subscribe?

CAMS is the dominant player in a two-player MF RTA industry, with 70 percent market share.

September 21, 2020 / 02:48 PM IST

Computer Age Management Services (CAMS), a technology-driven financial infrastructure and service provider, launched its maiden public issue on September 21, with a price band of Rs 1,229-1,230 per share.

The IPO consists of an offer for sale of 1,82,46,600 equity shares where NSE Investments, subsidiary of National Stock Exchange, will be selling its shares. Hence, all the money raised from public issue will go to NSE Investments and the company will not get any money from this offer.

The issue size is Rs 2,244 crore at higher end of price band, of which the company has already garnered Rs 667 crore through 35 anchor investors on September 18.