Career Point Infosystems IPO : Basis of Allotment

by khalid on 06/10/2010 · 0 comments

Career Point Infosystems IPO got oversubscribed by 47.39 times (101.93 times in Non Institutional Investors Category). The IPO was open on 16th September 2010 and got closed on 21st September 2010. The price band for the issue was Rs 295 at lower level and Rs 310 at upper level. The shares are issued at Rs 310, the upper level of the price band. As the issue was sbscribed by around 47 times, so there is no firm allotment of the shares to any retail investor. People who had applied for 20 shares in the retail segment were given allotment in the ratio of 3:95 and people who had applied for the max lot i.e. 320 shares were given allotment in the ratio of 80:159 in retail segment.

Click here for full report of Basis of Allotment.

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