NEW DELHI: Shares of Computer Age Management Services (CAMS), the biggest IPO of FY21 so far, are all set to get listed this week, with a host of investors awaiting the allotment status, which will be announced on Tuesday.
Despite being large in size, the Rs 2,242 crore issue received strong investor response, especially from high-net worth individuals (HNIs) and qualified institutional biggers (QIBs). Retail participation in the issue — based on the recent IPOs — was not too strong.
The issue, which was sold bwtween September 21 to 23 in the price band of Rs 1,229-1,230, saw non institutional investor (NII) quota getting subscribed 111 times. The quota for qualified institutional bidders (QIBs) was subscribed 73.18 times, retail quota 5.54 times and the employees’ quota 1.16 times. Overall, the issue was subscribed 46.99 times.
Grey market premium for CAMS dropped on Friday to Rs 300 from Rs 500 earlier. It implied a 24 per cent premium on the upper end of the price band for the issue.
Those who had bid for the issue can check the subscription status on the online portal of Link Intime India Private, the registrar to the issue.
The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all applications and carries out the allotment process as per the prospectus. The registrar is responsible for complying with the time deadlines for updating the electronic credit of shares to successful applicants, dispatch and uploading of refunds and attending to all investor-related queries after the issue is completed.
Note that the name of the company appears only when the allotment is made. An easier way to look at the allotment status is via stock exchanges. On BSE, one can click here
https://www.bseindia.com/investors/appli_check.aspx. All one needs is select equity and in the dropbox search for CAMS. Add application number and PAN and the status will be populated.