InvestorQ : How have been the final subscription numbers of Chemcon IPO and the CAMS IPO?
Anu Biswas made post

How have been the final subscription numbers of Chemcon IPO and the CAMS IPO?

Answer
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Ria Jain answered.
1 month ago


IPOs of Chemcon Speciality Chemicals and CAMS received a bumper response at the close of the third and last day of their issues. Chemcon IPO was subscribed 149 times while CAMS got subscribed 47 times. The last 2 IPOs, Happiest Minds and Route Mobile got a stellar listing performance.

Chemcon is a leading manufacturer of specialised chemicals that are predominantly used in the pharmaceutical industry and in the oilfield drilling industry. CAMS is India’s largest mutual fund registrar with a market share of nearly 70% and promises to gain from the big equity shift in India.

CAMS IPO was to sell NSE's 37.4% stake in the company, which NSE had to fully divest under directions from SEBI. CAMS generated 87% of its from the mutual fund services business. There was healthy response across investor categories.