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CAMS IPO – Schedule *(Tentative)*

15th Sept – Announcement of Price Band

17th Sept – Anchor Investors Allotment

18th Sept – Offer Opens

22nd Sept – Offer Closes

25th Sept – Finalisation of Basis of Allotment

28th Sept – Unblocking of ASBA Accounts

29th Sept – Credit of Equity Shares to Depository Accounts

30th Sept – Commencement of Trading

CAMS IPO – Issue Information *(Tentative)*

Issue Opens on: 18 September 2020

Issue Closes on: 22 September 2020

Issue Type: Book Built Issue IPO

Issue Size: 1,21,64,400 Shares

Face Value: Rs.10/- per Share

Issue Price: Rs.1,475 – Rs.1,450 per Share *(Tentative)*

Discount: Rs.25/- (for Employees)

Market Lot: 10 Shares

Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 4,87,60,000 Shares

Employee Reservation of 1,82,500 Shares @1455/- = Rs.26.46Crs (after discount of ~25/-)

Offer for Sale of 1,19,81,900 Shares @1475/- = Rs.1,767.33Crs

Equity Shares outstanding after the Issue = 4,87,60,000 Shares

Category-wise Break up:

Anchor – 35,94,570 Shares = 530.20Crs

QIB – 23,96,380 Shares = 353.47Crs

NII – 17,97,285 Shares = 265.10Crs

RII – 41,93,665 Shares = 618.57Crs (Lot size: 10 = 4,19,367 Forms)

Empl. Quota – 1,82,500 Shares = 26.46Crs (@1450 per Share)

Total Issue – 1,21,64,400 Shares = 1,793.79Crs.

Subscription required for 1X

RII = 4,19,367 Forms

NII = 265.10Crs

CAMS IPO – Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.25.32 (Page #66 of DRHP)

EPS for FY17-18 >>> Rs.29.93 (Page #66 of DRHP)

EPS for FY18-19 >>> Rs.26.75 (Page #66 of DRHP)

EPS for H119-20 >>> Rs.16.95 (Page #66 of DRHP)

RoNW for FY16-17 >>> 29.92% (Page #67 of DRHP)

RoNW for FY17-18 >>> 32.91% (Page #67 of DRHP)

RoNW for FY18-19 >>> 29.56% (Page #67 of DRHP)

RoNW for H119-20 >>> 33.98% (Page #67 of DRHP)

NAV as on September 30, 2019 was Rs.99.86 (Page #67 of DRHP)

Listed Industry Peer Group (Page #67 of DRHP): None

 

CAMS IPO – *Market’s Current Estimates of oversubscription*:

RII = 10.00L Forms = 2.38X Applic. wise (Avg allotment of ~4.19 shares per lot)

NII = 20K Crs. = ~75.44X

Interest cost *@7.50%p.a.* for 7days = 212.16paise for 1X

Thus, for NII the costing = 75.44 X 212.16paise = Rs.160.06 per share (= GMP)

And, for RII the costing = 4.19 X 160.06 = Rs. ~671/- (= Kostak)

CAMS IPO – *GMP Estimated*

GMP 160 +/- 5

Kostak 650 +/- 25