Thread by @IndiaER

Heard on Street (not confirmed)

CAMS #IPO

Dates: 21-23 Sep

Price band: around Rs 1225

Grey market activity is sporadic, expect to get more active next week

CAMS #IPO

Issue size is expected to be 1.5x of share of DHRP
this is unprecedented...
feel is promoters market timing/gaming exit

Grey market prices have crashed quite a bit from
500->400->350 to around 330 now

Most selling is from Kota/Jaipur

#greymarket #GMP #kostak

Date for CAMS #IPO confirmed
21-23 Sep

Issue size: 18.2 million shares in latest (see image)

vs
in DHRP was 12.1 million
Link:investmentbank.kotak.com/downloads/comp…

Issue size increased by 50%

CAMS IPO

Issue opens : 21st September
Issue closes : 23rd September
Price band : 1220-1230

Lot size:
Minimum: 12 shares
Amount : 14,760/-

Maximum: 156 shares
Amount: 1,91,880/-

Grey Market Premium : 300-350

CAMS IPO

HNI cost sheet for 1 week

CAMS IPO MEET: KTAs

Price band – Rs 1229 -1230

■ CAMS: Largest RTA in MF Industry, >2 decades of experience, provides services to 4 out 5 largest MFs, fastest growing MF RTA with 39.8 mn live Investor folios
■ Clientele: 19 years of avg relationship with 10 large MFs clients

■ Experienced management: Avg work experience >27 years
■ Business Model:
-Technology enabled infrastructure service provider
- Integrated Business Model and longstanding client relationships in MF Services business
-Market leader for length of time

-Highly techn driven business
- Competitive advantage - industry difficult comes with huge entry barriers especially wrt building such massive platform
-Future growth: Indian MF industry is pegged to grow at 18% annually & CAMS stands well positioned to capitalize on this growth

■ Strengths: Asset light model, profitable & high dividend paying, different from classical outsourcing
Established its own technological infra. IT platforms continue to strengthen this competitive advantage coupled with consistent innovation leading to operating leverage.

■ Diversification:
Non MF revenue ~ 12-13%
■ Threat to business: Model getting ripped is unlikely event.
Threat may arise as Co. deals with money, data & technology
increased digitalisation stands as another threat
Data security & privacy stands critical & may pose as threat

■ Competition:
Biggest competitor is Kfintech
other platforms like BSE Star MF platform which stand as a competition to an extent.
CAMS aims to offer value not price, never aimed to create monopoly.

<end>

CAMS #IPO
Anchor investor list

Great list with names like Fidelity, Small cap funds, Abh Dhabi Investments, Goldman, Singapore govt, HDFC, HSBC, Nomura, ICICI, SBI Adiya birla, Axis, Franklin, Kotak, UTI, Canara, Sunderam, PPFAS

you name it, most big names are here!

CAMS #IPO

subscribed 0.22x by 12 noon on day 1
retail 0.41x
HNI 0.05x

Applications is similar in both CAMS and Chemcon #IPO

First hour subscription data:

Retail apps in CAMS 96,097
Retail apps in Chemcon 98,470

Difference in oversubscription is size of issue #Chemcon is Rs 318 crore while #CAMS is 2,244 crore or almost 7 times bigger!

Cams #IPO
at end of day 1, subscribed 0.82x
retail 1.4x
HNI 0.3x
Employees 0.24x

Cams #IPO
at 11 am on day 2, oversubscribed 1.03x
retail 1.8x
HNI 0.35x
Employees 0.27x
QIB: 0.25x

Cams #IPO
at 11 am on end of day 2, oversubscribed 1.93x
retail 2.9x
HNI 1.2x
QIB: 0.8x
Employees 0.5x

Cams #IPO
at 3 :30 0m on final day,

oversubscribed 36.5x

HNI 92.6x
QIB: 51.5x
retail 4.9x
Employees 0.6x

if you want confirmed allotment, find someone who works in #CAMS!!

Cams #IPO
final oversubscribed 47x

HNI 111.8x
QIB: 73.2x
retail 5.5x
Employees1.16x

CAMS #IPO

up only 15% ... not as much fireworks here

chemicals is the current love