The Rs 2,250 crore initial public offering (IPO) of CAMS was subscribed 47 times.
CAMS's IPO, the biggest in FY21 so far and worth Rs 2,242 crore, was subscribed 47 times while Chemcon IPO was subscribed 149 times
CAMS provides financial infrastructure and services to mutual funds (MFs) and other financial institutions and is India's largest registrar and transfer agent (RTA) of MFs
The portion of qualified institutional buyers was subscribed 42.25 times
The institutional investor section was subscribed 0.83x, the high networth individuals (HNI) portion was subscribed 1.22x
The initial public offer is of up to over 1.82 crore shares and is in the price range of Rs 1,229-1,230 per share
CAMS has priced its IPO in the range of Rs 1,229-1,230 per share
As of June 2020, CAMS services four out of five largest AMCs - HDFC MF, ICICI Prudential MF, SBI MF, and Aditya Birla Sun Life MF.