Computer Age Management Services (CAMS) initial public offering (IPO) on the primary market will close on September 23.
CAMS, which acts as a registrar and transfer agent (RTA) for mutual funds is targeting to raise Rs 2,240 crore from investors.
The IPO was fully subscribed nearly two times at the end of Tuesday. The bidding for the Rs 2,240-crore IPO opened on Monday. CAMS is a mutual fund trabsfer agency to the Indian Asset Management Companies. It is targeting to raise Rs 2,240 crore from investors.
The price band for the issue has been fixed at Rs 1,229-1,230. Prospective retail investors need to bid for a minimum of one lot of 12 shares or in multiples.
CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions. Headquartered in Chennai, CAMS is co-owned by NSE Investments, Warburg Pincus, Faering Capital ACSYS Investments and HDFC Group.
