Computer Age Management Services (CAMS) has fully subscribed its offerings on the 2nd Day of the bidding process. Earlier, CAMS has decided to raise a fund of Rs 2,242 crore through its Initial Public Offerings (IPO).

According to the data on NSE and BSE, the issue offered has received bids for 1,29,46,320 shares, which was 1.01 times the actual issued size of CAMS of 1,28,27,370 shares. The retail investor quota was subscribed 1.7 times, Non-Institutional Investors (NII) quota by 32 per cent, employee quota by 8 per cent while 24 per cent subscribed by Qualified Institutional Buyer (QIB) quota.

The Rs 2,242 crore issue has a price band of Rs 1,229- Rs 1,230 and retail investors are likely to bid for a minimum one lot of 12 shares or in multiples thereof.

On the block, NSE Investments has 1,82,46,600 shares, and it will offload a stake of 37.4 per cent, as per the SEBI’s directive of 4 February to exit the company altogether. CAMS IPO has a fixed quota for retail investors at 35 per cent of the net offerings while NII at 15 per cent, QIB quota at 50 per cent and up to 1,82,500 shares for employees.

The Warburg Pincus-backed company, last week, raised Rs 666.57 crore from a total of 35 investors at Rs 1,230 per share, ahead of the public issue. Last week, Warburg Pincus-backed company raised a total of Rs 666.57 crore from 35 investors at a share price of Rs 1,230 per share, ahead of the public issue.