Warburg Pincus Backed CAMS to Open IPO from September 21 - 23

 

* Minimum Bid lot is 12 Equity Shares and in multiples of 12 Equity Shares thereafter

* Price Band of ₹ 1229 – 1230 per Equity Share of face value of ₹ 10 each

* Bid/ Offer Opening Date – 21 September, 2020 and Bid/ Offer Closing Date –  September 23, 2020

* The floor price is 122.90 times the face value of the Equity Shares and the cap price is           123.00 times the face value of the Equity Shares.

Chennai based, Computer Age Management Services (CAMS), will be opening its initial public offering on 21 September, 2020 and will close on September 23, with a price band of ₹ 1229-1230  per Equity Share.

Bids by anchor investors shall be submitted, and allocation to them be will be completed, on September 18, 2020, being one working day prior to the Bid/ Offer Opening Date.

As the Offer is an offer for sale of Equity Shares, CAMS will not receive any proceeds from the Offer.

Initial public offer of up to 18,246,600 equity shares of face value of `10 each (“Equity Shares”) of Computer Age Management Services Limited (“Company” for cash at a price of `[●] per equity share, through an offer for sale of up to 18,246,600 Equity Shares aggregating up to `[●] million (“Offer”/ “Offer for Sale”) by NSE Investments Limited (“Selling Shareholder”). This Offer includes a reservation of up to 182,500 equity shares (constituting up to 0.37% of the post-Offer paid-up Equity Share capital) for purchase by eligible employees (the “Employee Reservation Portion”). The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”. The Offer and the Net Offer would constitute at least 37.40% and 37.03%, respectively, of our post-Offer paid-up Equity Share capital.

The Offer is being made through book building process in accordance with regulation 19(2)b of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended where allocation to QIBs is not more than 50% of the Net Offer, Non-Institutional Bidders is not less than 15% of the Net Offer and Retail Individual Bidders is not less than 35% of the Net Offer.

The Company has capital sponsorship from marquee investors such as Great Terrain (an affiliate of Warburg Pincus), HDFC Limited, HDFC Bank Limited and NSE Investments Limited.

Kotak Mahindra Capital Company Limited, HDFC Bank Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the BRLMs to the issue.

Disclaimer

Computer Age Management Services Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the red herring prospectus dated September 11, 2020 (“RHP”) with the SEBI and the RoC situated at Tamil Nadu at Chennai. The RHP will be available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited, HDFC Bank Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited at www.investmentbank.kotak.com, www.hdfcbank.com, www.icicisecurities.com and www.nomuraholdings.com/company/group/asia/india/index.html, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see "Risk Factors" on page 20 of the RHP. Potential investors should not rely on the DRHP for making any investment decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold (i) outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act), pursuant to the private placement exemption set out in Section 4(a) of the U.S. Securities Act.