Computer Age Management Services Pvt. Ltd (CAMS), a registrar and transfer agent serving 16 mutual funds in India, on Thursday, filed the draft red herring prospectus (DRHP) for its upcoming initial share sale. The initial public offer (IPO), a pure offer for sale, would see its promoter global private equity (PE) investor Warburg Pincus LlC’s investment vehicle Great Terrain Investment Ltd, along with other shareholders such as NSE Investments Ltd, a unit of the National Stock Exchange Ltd; Acsys Investments Pvt Ltd; India’s largest private mortgage lender Housing Development Finance Corp. Ltd (HDFC) and HDB Employee Welfare Trust, offload 12.16 million shares.
A portion of 1.82 lakh shares is reserved for the employees at CAMS. While Warburg Pincus Llc holds the largest stake of 43.53 per cent in the Chennai-based company, NSE Investments holds 37.5 per cent, HDFC holds 5.99 per cent, HDB Trust holds 3.19 per cent and Acsys holds 1.94 per cent, according to its draft prospectus.
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The book-running lead managers to the issue are Nomura Financial Advisory and Securities (India), Kotak Mahindra Capital, ICICI Securities and HDFC Bank.