Computer Age Management Services Limited (CAMS) which had tapped the capital markets with an offer for sale of 1,82,46,600 was subscribed 46.99 times. It received excellent response from all categories of investors.
Earlier it had completed allotment to anchor investors by allotting 54,19,230 equity shares to 35 anchor investors comprising of 52 entities. The top allocation was made to Smallcap World Fund who was allotted 4,87,800 equity shares or 9% of the anchor book. The next highest allocation was of 2,43,900 shares or 4.5% of the anchor book equally to 12 investors. This effectively meant that 13 investors were allotted 63% of the anchor book.
The issue had opened on Monday the 21st of September and closed on Wednesday the 23rd of September. The price band was 1,229 to Rs 1,230.
QIB’s subscribed the issue 73.18 times, HNI’s subscribed 111.85 times while Retail investors subscribed the issue 5.55 times. There were 21.81 lac applications and on the basis of lots the issue was subscribed 4.14 times. Employee portion was subscribed 1.16 times. The cost of funding for the leveraged HNI was between Rs 185-198.
Full details of the subscription are given below: –
CAMS Subscription
Bucket Size | Shares Applied for | Times Oversubscribed | |
QIB | 3612820 | 264388836 | 73.18 |
HNI | 2709615 | 303058248 | 111.85 |
Retail | 6322432 | 35098056 | 5.55 |
Employee | 182500 | 211848 | 1.16 |
Total | 12827367 | 602756988 | 46.99 |