Computer Age Management Services (CAMS), backed by Warburg Pincus LLC and the National Stock Exchange (NSE), has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise an estimated Rs 1,500-1,600 crore through an initial public offering (IPO).
The company, which filed the draft red herring prospectus with the SEBI in January, got the regulator’s approval on July 17. The book running lead managers to the issue are Kotak Mahindra Capital Co, HDFC Bank, ICICI Securities and Nomura Financial Advisory and Securities (India).
The company offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI (banking, financial services and insurance) sector, largely the mutual fund industry. It also provides services of transaction, payment, settlement and reconciliation, dividend processing, record keeping, report generation, intermediary empanelment and brokerage computation and compliance.
| Company Name | CMP |
|---|---|
| Computer Age Man | 748.60 |
| KFin Technologies | 996.30 |
| National Sec.Deposit | 918.05 |
| Central Dep. Service | |
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