 "IPO, initial public offering")
The initial public offering (IPO) of both Computer Age Management Services (CAMS) and Chemcon Speciality Chemicals received strong investor response on Wednesday, the concluding day of the IPOs. CAMS was subscribed 47 times and Chemcon 149 times.
The wealthy investor portion of CAMS was subscribed 112 times, the institutional portion 73 times, and the portion reserved for retail investors was subscribed five times. CAMS had allotted shares worth Rs 666 crore on Saturday to 35 anchor investors, including Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs India, and the Government of Singapore.
CAMS provides financial infrastructure and services to mutual funds (MFs)
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