Career Point Infosystems Ltd IPO : Finally subscribed 47.39 times

by khalid on 03/10/2010 · 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 IPO of Career Point Infosystems Limited has received a good response from the investors with the final over-subscription figure reached to 47.39 times on an overall basis. Career Point Infosystems IPO was open on 16th Sep 2010 and get closed on 21st Sep 2010 for subscription.The IPO has managed to garner an overwhelming response from Non-Institutional Investors Category where it overbid by 101.93 times on the final day of subscription.

The category-wise subscription status of Career Point Infosystems IPO on closing day is given below:-

Qualified Institutional Buyers (QIBs) : 47.45 times
Non Institutional Investors : 101.93 times
Retail Individual Investors : 31.74 times
Employee Reservations : 1.07 times
Overall : 47.39 times

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 offered through the IPO 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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