Services

Computer Age Management Services settles at 14% premium over issue price

Shares of Pc Age Administration Expert services (CAMS) shut at Rs 1,401.60, a 14 per cent quality against the issue rate of Rs 1,230 per share on the BSE on Thursday. The inventory opened at Rs 1,518, a 23 per cent quality against the issue rate, and hit a significant and lower of Rs 1,550 and Rs 1,306, respectively, in the intra-working day trade. As several as thirteen.two million equity shares adjusted palms on the counter on the BSE.

The Rs two,250 crore preliminary public featuring (IPO) of CAMS was subscribed forty seven situations. The part of share sale reserved for retail investors was subscribed 5.55 situations, even though those reserved for non-institutional investors and capable institutional purchasers had been subscribed 112 and 73 situations, respectively, data offered on the exchanges confirmed.

CAMS is India’s major registrar and transfer agent (RTA) of mutual funds (MF) with a sector share of

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