NSE-backed CAMS

NSE-backed CAMS Received SEBI Approvals to Float IPO

NSE-backed CAMS Received SEBI Approvals to Float IPO:

To begin with, the NSE-backed CAMS received approvals from the Securities and Exchange Board of India to enter into the public. The Computer Age Management Services backed by Warburg Pincus LLC and the National Stock Exchange. 

Moreover, the company wants to raise Rs. 1,500 cr to Rs.1,600 cr from this initial public offering. The issue will see the sale of 1.22 cr equity shares from offer-for-sale. Also, the shares offered by the investments of Great Terrain, NSE, Acsys, HDFC, and HDB Employees Welfare Trust. 

Furthermore, the While Great Terrain is an affiliate of Warburg Pincus. Similarly, the NSE Investments are a group of companies of the National Stock Exchange. The CAMS submitted its draft prospectus with the market regulator SEBI in January 2020. Recently, the company received approvals on 17th July 2020. 

The CAMS headquartered located at Chennai. The company also co-owned by NSE Investments, Warburg Pincus, Faering Capital ACSYS Investments, and HDFC Group. Additionally, Kotak Mahindra Capital, HDFC Bank, ICICI Securities and, Nomura Financial Advisory acts as promoters for this issue. 

As per the draft papers, the total revenue of the company stood at Rs. 130.89 cr in the financial year 2018-2019. Similarly, its net profit after tax stood at Rs. 711.49 cr in the same period. 

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