CAMS IPO garners over Rs 666 cr from anchor investors
CAMP IPO: Warburg Pincus-backed CAMS has raised a little over Rs 666 crore from anchor investors ahead of its initial share sale that opens for public subscription on Monday. The company has finalised the allocation of 54,19,230 shares at Rs 1,230 apiece to 35 anchor investors, CAMS, which acts as a registrar and transfer agent (RTA) for mutual funds, said in a filing to stock exchanges. At this price, the company garnered Rs 666.56 crore.
Of the 35 anchor investors, 17 foreign portfolio investors, 13 mutual fund through 30 schemes, three insurance companies and two alternative investment funds subscribed shares.