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The Rs 2,242-crore IPO of Computer Age Management Services (CAMS) obtained a powerful response from the investor neighborhood. The public provide of the monetary infrastructure and repair supplier was subscribed as a lot as 46.93 instances, with the retail class being subscribed 5.44 instances, certified institutional consumers portion attracting subscription of 73.18 instances and non-institutional traders class, 111.85 instances. The shares will probably be listed on the BSE on October 1, 2020.
Computer Age Management Services’ IPO had opened on September 21 and closed at 5:00 pm in the present day i.e. September 23. The IT companies agency has mounted the worth band at Rs 1,229-1,230 per share and on the increased finish of the worth band, the general public provide will garner Rs 2,242 crore. The shares can have a face worth of Rs 10 per share.
The IPO is an offer-for-sale of 1.22 crore shares by the promoters, together with the likes of Great Terrain Investment, NSE Investments, Warburg Pincus and Acsys Investments.
Headquartered at Chennai, CAMS offers dividend processing, transaction and investor interface companies to the BFSI (banking, monetary companies and insurance coverage) sector.
Among different ongoing IPOs, Chemcon IPO has additionally closed for subscription and the Angel Broking IPO will shut on Thursday.
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