CAMS seeks bankers for ₹1,000-crore IPO

CAMS seeks bankers for ₹1,000-crore IPO


CAMS is a Mutual fund transfer agency in India to the Indian asset management companies. It has a share of 65% of the assets under management. It is serving 16 mutual funds in India as a registrar and transfer agent (RTA). Computer Age Management Services (CAMS) has planned to raise about Rs 1000 crore IPO. CAMS is hiring investment banks for its Rs 1000 crore IPO, said by the development people.

India’s largest private mortgage lender Housing Development Finance Corp. Ltd, global private equity investor Warburg Pincus LLC, India’s Mid-market PE firm Faering Capital and NSE Investments Ltd, a unit of National Stock Exchange Ltd names listed as investors of the CAMS IPO.

The IPO will open for an offer for sale (OFS). The existing investors of the company will divest their stakes partially, said one of the people in IPO development.

Anuj Kumar, who is the president and CEO of CAMS, the Company’s Chennai office, gets calls and emails. But they did not respond to those.

CAMS is founded in 1998 and is one of the largest RTA in India. It maintained investors’ records and processed mutual fund transactions. It offers customer communication ways for the receipt, verification, and processing of financial and non-financial transactions. Mutual Fund houses also get other services from the company like Subscription, redemption, systematic investment plans, transfer, and dividends.

According to the source, the company had a 67 percent market share in the Mutual fund industry in December 2018, with Rs 15.7 trillion worth assets under management. It maintained 60 million folio accounts.

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