Career Point Infosystems IPO : Listing on 6th Oct 2010

by khalid on 05/10/2010 · 0 comments

Career Point Infosystems is one of the leading providers of tutorial services in India to high school and post high school students for various competitive entrance examinations including All India Engineering Entrance Examination, Indian Institute of Technology – Joint Entrance Examination and All India Pre-Medical and Pre-Dental Test. The company has entered the capital market with an initial public offering (IPO) of 3,709,677 Equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 6th Oct 2010. The IPO was open from 16th Sep 2010 to 21st Sep 2010. The price band was Rs 295 to Rs 310 and the Issue Price was fixed at the upper level of price band, Rs 310 per equity share.

IPO Listing Detail :-
Listing Date: 6th Oct 2010
BSE Scrip Code : 533260
Listing In : ‘B’ Group of Securities
ISIN : INE521J01018
Issue Price : Rs. 310.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of this IPO will be used for constructing and developing an integrated campus facility, expansion of classroom infrastructure and office facility and for acquisitions & other strategic initiatives.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Book running lead managers to the issue are Centrum Capital Limited and JM Financial Consultants Private Limited.

Registrar of the Issue : Link Intime India Private Ltd, Mumbai.

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