CAMS IPO Full analysis

 

Happiest Minds ke Baad Bada Dhamaka - Aane Wala Hai 2500 Crore ka CAMS IPO

CAMS IPO Full Analysis
CAMS IPO Full Analysis

Share Market Investors ke liye Happiest minds IPO ke bade dhamake ke baad ek aur bada dhamaka aane waala hai, CAMS IPO - Computer Age management Services Limited ka 2500 crore ka IPO ka issue date hai 21st -23rd September. Is IPO ke baare me kuch aisi baatein aaj bataunga jo aapke investment decision ko impact karega aur aapko is IPO ke baare me details me jaan ne ko milega. To is post ko end tak read kriye aur blog ko subscribe karna mat bhuliye.

 

CAMS IPO Details

Computer Age Management Services limited ek technology-driven financial infrastructure and service provider hai. Ye India ka largest registrar aur Transfer Agent of Mutual Funds hai. Crisil ke 2019 ke report ke mutabik, CAMS ke pass 69.4% Mutual Funds Aggregated Market Share hai.

CAMS ke functional areas hai

       dividend processing

       transaction origination interface

       payment, transaction execution

       dividend processing

       intermediary empanelment

       report generation

       investor interface

       settlement and reconciliation

       compliance-related services

       brokerage computation.

CAMS service karti hai electronic payment collections services business, insurance services business, alternative investment funds services business, banking, and non- banking services business, KYC registration agency business, and software solutions business jaise businesses ko. CAMS has a wide network comprising 25 states, 278 service centers, and five union territories. It also offers services online through a mobile application.

 

Company Strengths

1.     India ka sabse bada Multual Funds ka Khiladi

2.     Poore desh me physical presence aur network hai

3.     Technology domain me diverse portfolio hai - paisa aane ka bahut saare raste hai

4.     Inka business growth ke liye bahut suitable hai, infrastructure ready hai

 

Issue Objective

Ye ek major concern ho sakta hai investors ke liye, kyun ki ye company insiders ka maan na hai ke IPO se aane wale funds ko company ke expansion me lagaya jayega, jo expansion financial sector ke bahar bhi ho sakta hai, aur ye ek risk factor kaha jaa sakta hai. Lekin isko hum end me discuss karenge.

 

Company Financials

 

Particulars

For the year/period ended (₹ in Million)

 

30-June-20

31-Mar-20

31-Mar-19

31-Mar-18

 

Total Assets

8,354.53

8,025.34

7,363.24

6,978.48

 

Total Revenue

1,634.61

7,213.43

7,118.08

6,578.20

 

Profit After Tax

408.25

1,734.56

1,308.95

1,463.05

 

 

 

 

Kya Ye Shares Overpriced hai?

CAMS IPO ka share offer price hai 1229 - 1230 INR per share. Minimum lot size hai 12, matlab aap 1230 Rupay ke bhaav me 12 shares ka minimum order place kar sakte hain. Isse obvious jo baat samne ati hai wo hai ki kya ye shares overpriced hai?

 

CAMS IPO ka grey market premium - matlab unlisted shares ka price 350-360 ke ass pass ka bola jaa raha hai. Iska demand bahut high ha, iske liye ye share overprice hai ya nahi iske liye PE ratio calculate karna zaroori hai.

 

1230 INR ka upper band, EPS 35.54 FY 20 ke liye, PE ratio hota hai 34.6X. Pichle teen saal se company ka EPS 31.68 tha, aur PE Ratio 38.8x tha. Iska matlab yehai ki company issue price maang rahi hai 1230 ka PE range 34.6x to 38.8x ke range me. CAMS ka koi competitor market me nahi hai, isliye direct comparison nahi kar sakte, magar standard PE ratio dekha jaye to NIFTY50 current P/E is at 33x, NIFTY Bank P/E at 25x and NIFTY Next50 is 34x. Is hisaab se kaha jaa sakta hai ke ye Shares ka issue price definitely overpriced hai.

 

Ye aapko CAMS IPO Subscribe karna chahiye?

Pros

CAMS India ka biggest financial Technology solutions provider hai.

Pichle 3 saal me steady growth dekhne ko mila hai

3 saal se steady margin generate kar raha hai

CMAS ne dividend policy ke hisab se 65% of PAT distribute kiya hai abtak aur future me bhi karegi.

CAMS employee ko 122 INR ka discount milega per share

 

 

Cons

Company abtak mutula funds me paisa kamaya hai, lekin is baar wo naye business me jaa rahi hai, ye ek risk hai.

Doosre business mepaisa lagane ke liye bahut saara investment chahiye aur iska return nahi bhi aa sakta hai

RTA hone ke wajah se inko SEBI ke complaince ka stirtcly follow karna padega, agar regular audit me thoda bhi kuch kharab enws aaya, to bada loss ho sakta hai

Covid 19 ke wajah se sabse bada loss hua hai Mutual Funds and NBFCs ko, kya yahi wajah hai ke ye IPO ke zariye company paisa uthake doosre domain me ghusna chahti hai

Company ka revenue and profit poora dependant hai mutual fund me users ke profits and loss generation par, ye ek risk hai post covid world me

Company ka major earning kuch hi clients se hota hai, agar unko loss hua to shares pe loss ho sakta hai

Is IPO ke baad ek doosra offer for sale bhi aayega kyun ki NSE ko apna shares behna padega, tab shayad prices kam ho

Is IPO ke saath jude 4 lead managers ke pichle 17 IPOs me se 6 ka listing price, 1st day par issue price ke neeche band hua tha. 

 

To ye saari baatein dhyan me rakh kar aapko aage plan karna hai aur decide karna hai ki aap is IPO ko subscribe karenge ya nahin.

 

CAMS IPO Tentative Date / Timetable

Bid/Offer Opens On

Sep 21, 2020

Bid/Offer Closes On

Sep 23, 2020

Finalisation of Basis of Allotment

Sep 28, 2020

Initiation of Refunds

Sep 29, 2020

Credit of Shares to Demat Acct

Sep 30, 2020

IPO Shares Listing Date

Oct 1, 2020

CAMS IPO Lot Size and Price (Retail)

Application

Lots

Shares

Amount (Cut-off)

Minimum

1

12

₹14,760

Maximum

13

156

₹191,880

 

 

CAMS IPO Offer Size by Investor Category

The Percentage of Offer Size available for Allotment/allocation:

     QIBs: 50%

     Non-Institutional Investors: 15%

     Retail Individual Investors: 35%

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