Computer Age Management Services settles at 14% premium over issue price

Shares of Computer Age Management Services (CAMS) closed at Rs 1,401.60, a 14 per cent premium against the issue price of Rs 1,230 per share on the BSE on Thursday. The stock opened at Rs 1,518, a 23 per cent premium against the issue price, and hit a high and low of Rs 1,550 and Rs 1,306, respectively, in the intra-day trade. As many as 13.2 million equity shares changed hands on the counter on the BSE.

The Rs 2,250 crore initial public offering (IPO) of CAMS was subscribed 47 times. The portion of share sale reserved for retail investors was