Career Point Infosystems IPO : Opening on 16th Sept 2010

by khalid on 14/09/2010 · 1 comment

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 is entering into primary market with an Initial Public Offer (IPO) of Rs 115 crore. The IPO is opening on 16th Sep 2010 and the shares will be available for subscription up to 21st Sep 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs.295 – Rs.310 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.

Promoters of the company are Mr. Pramod Maheshwari, Mr. Om Prakash Maheshwari and Mr. Nawal Kishore Maheshwari.

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

Issue Detail:-
Issue Open : 16th Sep 2010 – 21st Sep 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 3,208,907 Equity Shares of Rs 10 each
Issue Size : Rs. 115 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs.295 – Rs.310 Per Equity Share
Market Lot : 20 Shares
Minimum Order Quantity : 20 Shares
Listing At : BSE, 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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