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Computer Age Management Services (CAMS), a financial services and infrastructure provider, has launched its initial public offering (IPO). The IPO has opened on September 21, 2020 and will be open till September 23, 2020. CAMS is a technology-driven financial infrastructure and services provider to mutual funds. CAMS provides a range of technology-enabled infrastructure to mutual funds and is involved through the life cycle of an account from account creation to processing transactions and redemption of the amount invested. It is India’s largest RTA of mutual funds with an aggregate market share of ~70% based on mutual fund average assets under management managed by clients and serviced by CAMS during July 2020 (as per CRISIL). It services 4 of the 5 largest MF as well as 9 of the 15 largest MFs (July 2020, CRISIL). It has Pan-India physical network comprising 271 service centers spread over 25 states and 5 union territories as on Q1FY21. It has 16 mutual fund clients with an aggregate of over 71.8 million accounts held by such clients as of June 30, 2020. The other services (Source: Company) are Alternative Investment Fund Services, Electronic Payment Collection, Insurance Services, KYC Registration Agency (KRA), Software Solutions and Insurance Services. Issue Details The issue is an Offer for Sale of ~1.82 Cr shares aggregating to Rs.2,242 Cr based on the upper price band. The employee reservation is for 182,500 Shares at a discounted price of Rs.122 per share.
Company
Computer Age Management Services Ltd
Issue Type
(Book Built Portion)
Issue Size (In ` Crore)
2,242
Lot Size
12 Equity Shares
Open Date
21 Sep
Close Date
23 Sep
Offer Price
Rs. 1,229- 1,230 per equity share
Consolidated Rs Cr
FY18
FY19
FY20
1Q FY20
1Q FY21
Revenue
642
694
700
175
149
EBITDA (%)
40.3
35.1
41.1
38.9
34.6
Adj. Dil. EPS (Rs)
29.9
26.7
35.5
8.2
8.4
PE(x)
46.0
--
ROIC (%)
79.8
79.4
112.7
Key Points
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