Career Point Infosystems Ltd IPO : CARE gives 3 out of 5

by khalid on 27/09/2010 · 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. Career Point Infosystems Ltd IPO has got 3 out of 5 by CARE (rating agency) and this rating/grading is average for a tutorial services comapny. The grade 3 indicates that the fundamentals of the IPO are average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 115 crores. 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 at the lower level and Rs 310 at the upper level.

Issue Detail:-
Issue Open : 16ht 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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