CAMS and CAMCON’s last chance to invest in IPO, missed so far

Computer Edge Management Services (CAMS) IPO: 

The IPO is out in the stock market this week. On Monday, Computer Edge Management Services (CAMS) and Chemcon Specialty Chemicals launched their IPOs. Today is the last chance to invest in them. Recently, after getting a tremendous response to the IPO of Happiest Minds and Root Mobile, both these IPOs are also being liked by investors. In such a situation, if you have missed investing in them till now, then you can place bets today. However, before investing, it is important to keep a few things in mind.

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The interest in how many investors in cams?

The IPO of CAMS has been subscribed 83 per cent on the first day and 1.93 times on the second day. The issue size of the company is 1,28,27,370 shares. The price band for this IPO has been kept from Rs 1229 to Rs 1230. Lot size is 12 shares. CAMS raised over Rs 666 crore from anchor investors. At the upper price band, the company will raise Rs 2242 crore from this IPO.

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How many investors interest in Chemcon?

The IPO of Chemcon Specialty Chemicals has been subscribed 5.18 times on the first day and 12.65 times on the second day. The issue size of the company is 65,47,061 shares. The price band of its IPO is 338 to 340 rupees per share. Its lot size is 44 shares and it is necessary to buy at least 13 lots. Under the IPO, new shares up to Rs 165 crore will be issued, while 45 lakh shares of promoters will be put up for sale offer. The company has a target of raising Rs 318 crore from this IPO.

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What is the business of CAMS?

CAMS provides registrar and transfer agent services for asset management companies (AMCs) in India. Cams have a 70 percent market share. 9 out of the top 15 mutual funds are taking advantage of its services. During the financial year 2017-18 to FY 2019-20, the company’s revenue grew at an annual rate of 6.6 percent to Rs 699.6 crore and net profit increased by 8.8 percent to Rs 173.4 crore.

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Experts on Cams IPO

Nirali Shah, senior research analyst at SAMCO Securities, says the company’s business model is strong. The company has a market share of 70 percent in the mutual fund RTA industry. The company’s balance sheet is clean. Operating margin is also strong. With growth associated with an increase in AUM for mutual funds, the company is poised to generate consistently forward returns. Investors are advised to be cautious only in view of slow growth.

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What is Camcon’s business?

Chemcon manufactures special chemicals such as hexamethyldisilazane (HMDS) and chloromethyl isopropyl carbonate (CMIC). They are mainly used in the pharma industry. The company also produces inorganic bromide used in the oilfield industry as a supplemental fluid. In FY 2020, the company’s operating revenue is Rs 262.05 crore, EBITDA is Rs 70.26 crore and net profit is Rs 48.85 crore. During FY 2018-20, the company’s sales increased by 29% CAGR, while EBITA increased by 25% and PAT by 36%.

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Expert at Chemcon

Brokerage house Motilal Oswal has advised subscribing to the IPO. The company is in a good position in making speciality chemicals. It has the potential to become a market leader. The company’s financial health is also looking better. The future of chemical companies is looking good with China in tension. The company also has a strong client base. However, there is also a concern with the product portfolio being limited. Brokerage house Angel Broking has also suggested subscribing to it.

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