Career Point Infosystems IPO : Its boom boom on debut

by khalid on 06/10/2010 · 0 comments

Career Point Infosystem’s shares got a boom boom buying interest and debuted at Rs 461, a 48.70% premium over its initial public offering (IPO) price of Rs 310. At the end of the day, shares price was Rs 632.35 which is a premium of 103.98% over the issue price of Rs 310. The stock hit a high of Rs. 674 and low of Rs. 450 on the day 1.

Career Point Infosystems IPO had been strongly oversubscribed 47.39 times at the end of the final day 21 September 2010. The IPO of Career Point Infosystems Limited had received a overwhelming response from the investors with the final over-subscription figure nearing to about 47.39 times on an overall basis. Retail Investors categories of investors had shown least support.

Listing day Summary :-
IPO Listing Date: 6th October 2010
BSE Script Code: 533260
ISIN : INE521J01018
Listing in: ‘B’ Group of Securities
Issue Price: Rs.310 per equity share

On the BSE:-
Issue Price: Rs. 310.00
Open : 461.80
High : 674.95
Low : 450.00
Close : 758.75
Last Trade : 632.35

The company plans to utilise the IPO proceeds to construct and develop an integrated campus facility, expansion of classroom infrastructure and office facility, acquisitions and other strategic initiatives and to meet expenses towards general corporate purposes.

Career Point Infosystems provides tutorial services for engineering and medical entrance exams.

CompanyList DateOffer PriceList Price Open High LowLast PriceLast traded Date Volume
Career Point Oct 6,2010310.00 461.00 461.00 674.00450.00632.35 6th Oct 2010 14991252.00
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