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<ul><li><keyword id="271251" type="COMPANY" weightage="20" keywordseo="Cams">CAMS</keyword> shares are trading at over 25% premium in the grey market, ahead of listing later this week.</li><li>The grey market premium of all companies took a massive hit in the past week since the Indian stock market indexes turned choppy. But the CAMS GMP remained consistent and is better compared to other IPO peers. </li><li>The ₹2,244 crore IPO of CAMS saw a stellar response from investors and was subscribed 47 times on the final day of bidding.</li></ul>The shares of India’s largest registrar and transfer agent of mutual funds company, <keyword id="416894" type="ORGANIZATION" weightage="20" keywordseo="Computer-Age-Management-Services">Computer Age Management Services</keyword> (CAMS), will hit the bourses today. The shares were trading at more than 25% premium in the grey market, ahead of listing later this week. <div type="Article" hostid="261" msid="78420652" title="Strong listing for CAMS— stocks debuts 23% higher than the issue price band" mstype="2" mssubtype="0"></div> The grey market was suggesting an <a href="https://www.ipowatch.in/2020/09/cams-ipo-gmp-grey-market-premium-.html">upside of ₹305-₹310</a> on each share. However, it is not an official measure of the market premium. But it is a fair indicator of demand for the shares in the market. Grey market premium is the measure of the extra amount that the market is ready to pay for a newly listed company’s shares. The grey market premium (GMP) of all companies took a massive hit in the past one week since the Indian stock market indices turned choppy. But this GMP is still strong compared to its other IPO peers. <keyword id="8546323" type="UNKNOWN" weightage="20" keywordseo="CAMS-IPO">CAMS IPO</keyword> garnered strong demand There has been a phenomenal demand for its shares in the market, and the oversubscription during IPO is proof of that. The ₹2,244 crore IPO of CAMS saw a stellar response from investors and was subscribed 47 times on the final day of bidding. It received bids for 60.27 crore equity shares against the IPO size of over 1.28 crore equity shares, as per the subscription data from the stock-exchanges. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CAMSIPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employee </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shares Offered </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,612,820 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2,709,615 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6,322,435 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">182,500 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 12,827,370 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">73.18 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">111.85 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.54 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.16 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46.99 times </td></tr></tbody></table> Ahead of the IPO, the company also raised ₹667 crore from several anchor investors. including SmallCap World Fund, HSBC, Abu Dhabi Investment Authority, among others. Smooth road ahead for CAMS Nearly all brokerages had a “subscribe” call for CAMS IPO, owing to its strong track record of robust financial performance. And, they still believe if you have missed the chances of subscribing to its IPO, the company offers a great premium going ahead, post its listing. “Over the past 5 years, CAMS has further strengthened its market share from 61% in March 2015 to 70% in July 2020, based on AAUM services. With the MF RTA industry estimated to grow at a CAGR of 15% over FY20-25E, we believe CAMS can also deliver similar growth going forward,” said the Nirmal Bang report, dated September 21. SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-retail-seals-its-third-deal-this-month-general-atlantic-to-invest-3675-crore/articleshow/78397878.cms" data-type="tilCustomLink">Reliance Retail seals its third deal this month – General Atlantic to invest ₹3,675 crore</a> <a href="https://www.businessinsider.in/science/space/news/after-the-moon-mars-is-getting-laser-reflecting-mirror-to-help-future-landings-on-the-red-planet/articleshow/78385935.cms">After the Moon, Mars is getting laser-reflecting mirror to help future landings on the Red Planet</a>

CAMS to list today — trades at over 25% grey market premium despite volatile market conditions

<ul><li>Data analytics services company Latent View Analytics’ IPO will open on November 10 and close on November 12.</li><li>The company is looking to raise ₹600 crore through public listing.</li><li>The grey market premium of the company’s shares show over 100% i.e ₹210 per share.</li></ul>Data analytics services company Latent View Analytics initial public offering (IPO) is already seeking a lot of investor attention with its one of its kind business model and strong grey market premium. The IPO of the company will open on November 10 and close on November 12. Latent View Analytics is looking to raise ₹600 crore through the public listing of shares. The IPO comprises a fresh issue of ₹474 crore and an offer for sale of ₹126 crore by existing shareholders and promoters. The grey market premium of the company’s shares show about 106% premium, which is ₹210 per share, indicating a potential strong demand for the issue, according to <a href="https://www.livemint.com/market/ipo/latent-view-analytics-ipo-opens-this-week-gmp-important-dates-other-details-11636345582442.html">Mint</a>. Price band of the IPO is set at ₹190 to ₹197 per share. Investors applying for one lot of IPO may get 76 shares. The 15-year old company provides analytics services such as data and analytics consulting, business analytics and insights, advanced predictive analytics, data engineering, and digital solutions. It provides services to blue-chip companies in technology, banking, financial services and insurance (BFSI), consumer packaged goods (CPG) companies and retail, industrials, and other industry domains. The company will utilise net proceeds from fresh issue of the IPO into inorganic growth initiatives, working capital requirements of subsidiary Latent View Analytics Corporation and investment in subsidiaries to augment the capital base. The company has a presence across countries in the United States, Europe, and Asia through their subsidiaries in the United States, Netherlands, Germany, United Kingdom, and Singapore, and their sales offices in San Jose, London, and Singapore. It gets 92% of its revenues from the US, 1.85% from UK, 1.41% from Netherlands and 3.86% from the rest of the world. <div type="image" title="latent view" height="900" width="1200" msid="87586000" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/spicejets-liquidity-turbulence-hits-worlds-largest-aircraft-leasing-companies/articleshow/87583233.cms">SpiceJet’s liquidity turbulence hits world’s largest aircraft leasing companies</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/markets/news/five-tech-companies-make-up-for-almost-a-quarter-of-the-sp-500-market-cap/articleshow/87582324.cms">Five tech companies make up for almost a quarter of the S&amp;P 500 market cap</a>

Latent View Analytics IPO’s grey market indicates over 100% premium

<ul><li>The shares of Chemcon Speciality Chemicals will hit the bourses today. </li><li>The grey market premium today was<a href="https://www.ipowatch.in/2020/09/chemcon-ipo-gmp-grey-market-premium.html"> trading at ₹380-₹390 apiece</a>, pointing towards the listing gains of nearly 111% over the issue price band. </li><li>It received bids for 976 million equity shares against the IPO size of over 6.5 million equity shares.</li></ul>The shares of specialised chemical products manufacturer, Chemcon Speciality Chemicals, are slated to be listed on the bourses today. And, the grey market premium is pointing towards the listing gains of nearly 111% over the issue price band of ₹338 to ₹340 per equity share. The grey market premium today was<a href="https://www.ipowatch.in/2020/09/chemcon-ipo-gmp-grey-market-premium.html"> trading at ₹380-₹390 apiece</a>. Although, the grey market premium isn’t an official measure of the market premium. But it gives a fair idea of the demand for the shares in the market. Grey market premium is the measure of the extra amount that the market is ready to pay for a newly listed company’s shares. The grey market premium (GMP) of Chemcon took a massive hit last week due to weak market fundamentals amid the global selloff. However, it has seen a sharp revival, compared to its other IPO peers. Robust demand for <keyword id="9971667" type="UNKNOWN" weightage="20" keywordseo="Chemcon-IPO">Chemcon IPO</keyword> The ₹318 crore initial public offering (IPO) of Chemcon saw a stellar demand for its shares in the market, and the 149 times oversubscription on the final day of bidding during IPO is proof of that. It received bids for 976 million equity shares against the IPO size of over 6.5 million equity shares, as per the subscription data from the stock-exchanges. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chemcon IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employee </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shares Offered </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,868,344 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,407,249 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3,283,580 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 6,559,173 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">113.54 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">449.14 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">41.15 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">149.30 times </td></tr></tbody></table> Ahead of the IPO, the company also raised ₹95.4 crore from several anchor investors, including IDBI Emerging Business Fund, ICICI Prudential Child Care Plan, IIFL Special Opportunities, HSBC Global Investment, Mirae Asset Health Care, Kuber India, Ashmore India, India Acorn and Tata Multi-Asset Fund among others. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/cams-ipo-shares-are-trading-at-over-25-premium-in-the-grey-market/articleshow/78400317.cms" data-type="tilCustomLink">CAMS to list tomorrow — trades at over 25% grey market premium despite volatile market conditions</a> <a href="https://www.businessinsider.in/business/auto/news/honda-hness-cb-350-unveiled-in-india-at-1-9-lakh/articleshow/78402417.cms" data-type="tilCustomLink">Honda’s new cruiser bike H’ness CB 350 launched in India — to be priced around ₹1.9 lakh</a>

You Searched For "grey market" and got 3 results

CAMS to list today — trades at over 25% grey market premium despite volatile market conditions

Navdeep Yadav

Latent View Analytics IPO’s grey market indicates over 100% premium

Bhakti Makwana

Chemcon trades at over 111% grey market premium ahead of listing today

Navdeep Yadav

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