Warburg Pincus-backed CAMS Rs 2,242-crore IPO subscribed 46.93 times on final day of bidding

Computer Age Management Services' (CAMS) initial public offer was subscribed 46.93 times on the final day of bidding on Wednesday. The portion meant for qualified institutional buyers (QIBs) was subscribed 73.18 times, non institutional investors 111.85 times and retail individual investors 5.44 times.

The Rs 2,242-crore IPO of Warburg Pincus-backed CAMS received bids for 60,19,36,188 shares against the offer size of 1,28,27,370 shares.

CAMS had raised a little over Rs 666 crore from anchor investors.

The company's initial public offer consists of an offer for sale of over 1.82 crore shares and is in a price range of Rs 1,229-1,230 apiece.

Kotak Mahindra Capital Company, HDFC Bank, ICICI Securities, Nomura Financial Advisory and Securities are the managers to the offer. 

The public offer of Computer Age Management Services (CAMS), which acts as a registrar and transfer agent (RTA) for mutual funds, opened for subscription on Monday.

Headquartered in Chennai, the company is co-owned by NSE Investments, Warburg Pincus, Faering Capital ACSYS Investments and HDFC Group.

CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions.