IPO

IPO NOTE

Headquartered in Chennai, CAMS is India's largest registrar and transfer agent with market share of ~70% based on mutual fund's average AUM managed by its clients and serviced as of July 2020. Company is co-owned by NSE Investments, Warburg Pincus, Faering Capital ACSYS Investments and HDFC Group. 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. Over the last five years, it has grown its market share from approximately 61% in FY15 to approximately 69% in FY20, based on AAUM serviced. Its mutual fund clients include four of the five largest...

Incorporated on December 15, 1988, Chemcon Speciality Chemicals Ltd (Chemcon) is a manufacturer of specialised chemicals, such as Hexamethyldisilazane / Hexamethyldisilane (HMDS) and Chloromethyl Isopropyl Carbonate (CMIC) which are predominantly used in the pharmaceuticals industry (Pharmaceutical Chemicals), and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion...

10 each, (Comprising of fresh issue of 4,852,941 Equity Shares* (Rs. 165 cr.) and Offer for Sale of 4,500,000 Equity Shares* (Rs. 318 cr.) by Selling Shareholder)....

Incorporated on August 8, 1996, Angel Broking is now a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, AFPL) and distribution of financial products to its clients. It is one of the largest retail broking houses in India in terms of active clients on NSE as of 30 June 2020. As of March 2020, Angel Broking's revenue from operations came in at | 711 crore in FY20. Healthy ADTO growth (led by flat brokerage) and well controlled opex resulted in EBITDA of | 154 crore with OPM at 22%. PAT...

At the upper end of the price band, Company demands PE multiple of 22.1x on F.Y.20 basis. None of the listed chemical companies has the same business as Chemcon. Its specialty chemical peers such as Neogen Chemicals, Paushak, Atul and Aarti Industries are currently trading at P/E multiples of 57.0x, 37.6x, 29.6x and 35.6x respectively

Computer Age Management Services Limited (CAMS) founded on May 25, 1988 by V Shankar is headquartered in Chennai, India. CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over 2 decades of experience. Its marquee shareholders include names like Warburg Pincus (43.50% stake), HDFC (5.99% stake), HDFC Bank (3.33%, stake) & NSEIL (37.48% stake). CAMS is India's largest registrar and transfer agent of mutual funds with an aggregate...

IPO NOTE

CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions with over 2 decades of experience. CAMS is India's largest registrar and transfer agent of mutual funds with an aggregate market share of 70% based on mutual fund average assets under management (AAUM) managed by its clients and serviced by them during July 2020. Over the last 5 years, CAMS has grown its market share from 61% during March 2015 to 69% during March 2020, based on AAUM serviced, according to the CRISIL Report. Its mutual fund clients include 4 of the 5 largest mutual funds as well as 9 of the 15 largest mutual funds based on AAUM during July 2020....

Apart from this, CAMS also provides services to alternative investment funds (AIFs), insurance companies, banks and NBFCs. Great Terrain is the promoter of CAMS with its pre-issue shareholding at 43.53%. Great Terrain is the wholly owned subsidiary of Harmony River Investment Ltd, which is...