Computer Age Management Services begins trading on National Stock Exchange

Computer Age Management Services (CAMS), an Indian registrar and transfer agent of mutual funds, has started trading on the National Stock Exchange (NSE) at INR 2,219.5 per share and closed at INR 2,210 per share.

The Chennai-based firm said that 95184 shares were traded in total with a total delivery percentage of 37%.

The market capitalization of company post-closing price was INR 10790 crores.

Computer Age Management Services stated that as per the share holding pattern submitted with the NSE as of 30 April 2021, the promoters have a stake of 30.96%, while 47.9% stake is held by institutions such as mutual funds, financial institutions, and foreign portfolio investors.

SBI Mutual Fund, Aditya Birla, ICICI Prudential, and HDFC Mutual fund are among the top holders in the mutual fund category. On the other hand, Small Cap World Fund, Goldman Sachs, and Fidelity among others made up the list of foreign portfolio investors.

Computer Age Management Services begins trading on National Stock Exchange. Photo courtesy of zadeus/Wikipedia.org.

Anuj Kumar – CEO and Whole-time Director of Computer Age Management Services said: “The company commenced its public listing journey with listing of its shares on the Bombay Stock Exchange on Oct 1st, 2020. NSE investments was a shareholder in CAMS prior to the IPO, and while they exited the company completely during the IPO this shareholding precluded the listing of the company’s shares on NSE at that time.

“Listing on NSE is a significant milestone for the company and it will help in broad basing our investor base. We are happy to get the approval to list on NSE and gain access to their vast base of retail investors across India.”

Computer Age Management Services caters to mutual funds and other financial institutions with its technology-driven financial infrastructure and services. These include interface for transaction origination, transaction execution, payment, settlement and reconciliation, processing of dividend, interface for investors, record keeping, report generation, brokerage computation, intermediary empanelment, and compliance related services.