Computer Age Management Services IPO Coming Soon. Here Are Things To Know

Computer Age Management Services (CAMS), financial services and infrastructure provider, is set to launch its initial public offering (IPO) on September 21, 2020. The IPO will open on September 21 and close on September 23, and will be available at a price of Rs 1,250 per share.

The Rs 2,258.00 crore IPO will be an offer-for-sale of 1.22 crore shares by the promoters, including Great Terrain Investment, NSE Investments, Warburg Pincus and Acsys Investments.

Retail investors can bid for a minimum one lot, amounting to 12 shares and in multiples thereafter to a maximum 13 lots. The shares will have a face value of Rs 10 per share, and be listed on the BSE.

Computer Age Management Services will not receive the IPO proceeds as this is an offer-for-sale and not a fresh issue,

CAMS is headquartered in Chennai and provides services to mutual funds and other financial institutions in areas such as dividend processing, payments, transaction execution, investor interface and compliance-related matters.

The Computer Age Management Services IPO will be the third this month, after the Happiest Minds offer at the beginning of the month and the just- concluded Route Mobile IPO.

This will be the fifth public listing this year, if one considers the SBI Cards and Payment Services' offering in March and that of Rossari Biotech in July.

Kotak Mahindra Capital, HDFC Bank, ICICI Securities and Nomura Financial Advisory and Securities are the lead managers of the issue.