
IPO Overview – Computer Age Management Services LTD (CAMS)
ABOUT THEIR PROFILE
- India’s largest mutual fund registrar with 70% market share
- Mutual fund holding statement generation
- Mutual fund investor folio management
- Dividend processing & daily all types of mutual fund transaction execution
- Brokerage computation & settlements & reconciliation
- Mutual fund transactions report generation
THEIR STRENGTHS
- Largest infrastructure of mutual fund transactions processing
- 100% technology driven services
- Pan-India presence
- Scalable business
- Negligible competition
- Profit making with good revenue growth
ISSUE DETAILS
- Issue Open & Close: Monday 21st Sept to Wednesday 23rd Sept
- 100% offer for sale; shares sold by pre-IPO investors
- Issue Size: About Rs.2200 crore
- Retail Portion: 35%
- Price Band: Rs.1229 to Rs.1230 ( Minimum Bid Lot: 12 shares & in multiples)
Retail Lots | No. of Shares | Price Per Share | Application Amount |
1 lot (minimum) | 12 | 1230.00 | 14760.00 |
2 lots | 24 | 1230.00 | 29520.00 |
3 lots | 36 | 1230.00 | 44280.00 |
4 lots | 48 | 1230.00 | 59040.00 |
5 lots | 60 | 1230.00 | 73800.00 |
6 lots | 72 | 1230.00 | 88560.00 |
7 lots | 84 | 1230.00 | 103320.00 |
8 lots | 96 | 1230.00 | 118080.00 |
9 lots | 108 | 1230.00 | 132840.00 |
10 lots | 120 | 1230.00 | 147600.00 |
11 lots | 132 | 1230.00 | 162360.00 |
12 lots | 144 | 1230.00 | 177120.00 |
13 lots (maximum) | 156 | 1230.00 | 191880.00 |
SHOULD YOU INVEST?
- First such company to go public so first mover advantage
- Return on Equity above 30%
- P/E stands at 36.81, pretty high for comfort and no comparisons due to no peers
- Might find investor fancy due to the type of business and also scalable
- Listing gains would depend on number of times subscription
- Looks good as a long term investing stock with good business prospects and proven management
INVESTING TIP: WATCH THE SUBSCRIPTION LEVELS TILL 12 NOON ON 3rd DAY (23rd SEPT) AND THEN DECIDE TO INVEST; IF THE ISSUE HAS OVERSUBSCRIBED BY AT LEAST 10 TIMES, MAYBE WORTH INVESTING. IF MARKET SENTIMENTS REMAIN TO BE BULLISH THE ISSUE MAY WITNESS A BUMPER LISTING
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