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    Home » CAMS IPO: CAMS Debut in Stock Market, Share Listed at 23% Premium
    Money

    CAMS IPO: CAMS Debut in Stock Market, Share Listed at 23% Premium

    ShehnazBy ShehnazOctober 1, 2020No Comments
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    CAMS IPO Listing: 

    Computer Edge Management Services has been listed in the stock market. Today, the company’s stock was listed at a price of Rs 1518 on BSE with a premium of 23.4 percent. The upper price band for the IPO of Chemcon Specialty Chemicals was Rs 1230. After the listing, the stock reached a high of Rs 1550. However, it declined after some time.

    IPO 2020: new players in the stock market earn hugely, investors got 126% return

    Shares fall 6 percent

    After listing in Cam’s stock, weakness is being seen. The stock is trading 6 percent weaker than the listing price at Rs 1423.95.

    2242 crore IPO of Computer Edge Management Services i.e. CAMS was opened between 21 September and 23 September. CAMS offers registrar and transfer agent services related to mutual funds. The price of the company was kept at Rs 1229-1230. Investors had to bid for at least one lot i.e. 12 shares. Retail investors could not bid for more than 13 lots of shares.

    Chemcon Specialty Chemicals strong entry to market, at 115% premium

    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 FY 2017-18 to FY 2019-20, the company’s revenue grew at an annual rate of 6.6 per cent to Rs 699.6 crores and net profit increased by 8.8 per cent to Rs 173.4 crores.

    CAMS, CAMCON IPO: Final Share Allotment, did you get it or not? Such taxes

    Expert’s positive opinion

    According to Nirali Shah, senior research analyst at SAMCO Securities, 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.

    UTI AMC launched the IPO for Rs. 3,000 crores. SBI, LIC, Bank of Baroda to sell their stake

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    Shehnaz
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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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