CAMS raises ₹667 crore from anchor investors

Our Bureau Chennai | Updated on September 19, 2020 Published on September 19, 2020

Issue will open on Sept 21, close on Sept 23; price band of ₹1,229-1,230 a share of face value ₹10 each

Warburg Pincus-backed Computer Age Management Services (CAMS) has raised ₹667 crore from 35 anchor investors. The Chennai-based company has allotted 54.19 lakh shares at ₹1,230 apiece.

A total of 13 mutual funds have applied through 30 schemes.

Among the anchor investors are foreign portfolio investors such as SmallCap World Fund, HSBC, Abu Dhabi Investment Authority, Caisse de Depot et Placement First State Investments, Eastspring Investments, Fidelity Investment Trust, Goldman Sachs, Govt of Singapore, Nomura Funds Ireland Public Ltd Company, Amundi, Generation IM Fund, Grandeur Peak Emerging Markets Opportunities Fund, Jupiter South Asia Investment Company, Pari Washington India and WCM International.

Also read: Are initial public offerings guaranteed money-spinners?

The company is proposing to raise up to ₹2,242 crore through its initial public offering via an offer-for-sale of 18.24 crore equity shares.

The issue will open on September 21 and close on September 23, 2020, in a price band of ₹1,229-1,230 a share of face value ₹10 each.

The company will not receive any funds from the net proceeds.

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Published on September 19, 2020
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