Computer Age Management Services (CAMS), which is backed by Warburg Pincus and the NSE, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO) worth Rs 1,500-1,600 crore.
The IPO will see sale of 1,21,64,400 equity shares through offer- for-sale by Great Terrain Investment, NSE Investments, Acsys Investments, HDFC and HDB Employees Welfare Trust. The book running lead managers to the issue are Kotak Mahindra Capital Company, HDFC Bank, ICICI Securities and Nomura Financial Advisory and Securities (India).
CAMS is the largest registrar and transfer agent for MFs. It offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI sector, largely to the MF industry.