Computer Age Management Services (CAMS) shares debuted at Rs 1,518, a premium of 23.41 per cent over its issue price of Rs 1,230 per share. The issue was opened for subscription from 21-23 September, at a price band of Rs 1,229-1,230 a piece, which was oversubscribed 46.99 times. The company through its IPO (Initial Public Offering) has planned to raise Rs 2,242 crore and the proceeds of which will not be received by CAMS. The other shareholders in CAMS are an affiliate of Warburg Pincus, Great Terrain holding about 43.50 per cent, HDFC holding 5.99 per cent and HDFC Bank holding 3.33 per cent.

NSE Investment Ltd. had planned to divest its stake in the company through its IPO, taking advantage of the recovery in equities after the disruptions caused by Covid-19 pandemic. NSE Investment Ltd. is a wholly-owned subsidiary of NSE and held a stake of 37.48 per cent in CAMS. CAMS is a dominant player in the two-player mutual RTA industry, with a market share of 70 per cent. Its revenue growth is directly linked with the Asset Under Management (AUM) growth of its four of the top-five MFs partners.

Kotak Mahindra Capital Company Ltd., HDFC Bank Ltd., ICICI Securities Ltd., and Nomura Financial Advisory and Securities (India) Pvt. Ltd. were the books running lead managers to the issue.