Mr. Jaikishan Parmar - Sr. Equity Research Analyst, Angel Broking Ltd
"Finally, Warburg Pincus and NSE backed Computer Age Management Services (CAMS) is likely to launch an initial public offering (IPO) on September 21, 2020. CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions.
According to CRISIL, CAMS is India's largest registrar and transfer agent of mutual funds, with an aggregate market share of 69.4 percent based on mutual fund average assets under management (AAUM) managed by its clients and serviced by itself during November 2019. As per the DRHP, CAMS IPO will be an offer for sale by promoter Great Terrain Investment and public shareholders NSE Investments, and other shareholders. We expect price band could be in the range from 1150 to 1250 and this means the upper-end issue size would be worth Rs.1520cr. We believe This IPO would get a good subscription considering high RoE, healthy cash flow, professional promoter, and market leader."