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Career Point IPO is a book built issue of Rs 115.00 crores.
Career Point IPO bidding started from September 16, 2010 and ended on September 21, 2010. The shares got listed on BSE, NSE on October 6, 2010.
Career Point IPO price band is set at ₹295 to ₹310 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹6,200.
Centrum Capital Limited and Jm Financial Limited are the book running lead managers of the Career Point IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Career Point IPO RHP for detailed information.
| IPO Date | September 16, 2010 to September 21, 2010 |
| Listing Date | October 6, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹295 to ₹310 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 3,712,822 shares (aggregating up to ₹115.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 14,420,297 |
| Share holding post issue | 18,133,119 |
Career Point IPO offers 3,208,907 shares. 1,610,586 (50.19%) to QIB, 383,329 (11.95%) to NII, 1,149,992 (35.84%) to RII, 65,000 (2.03%) to employees. 57,499 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 660 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,610,586 (50.19%) | NA |
| NII (HNI) Shares Offered | 383,329 (11.95%) | |
| Retail Shares Offered | 1,149,992 (35.84%) | 57,499 |
| Employee Shares Offered | 65,000 (2.03%) | NA |
| Total Shares Offered | 3,208,907 (100%) |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,200 |
| Retail (Max) | 32 | 640 | ₹198,400 |
| Lot Size Calculator | |||
Promoters of the Company are:
1. Mr. Pramod Maheshwari
2. Mr. Om Prakash Maheshwari; and
3. Mr. Nawal Kishore Maheshwari.
| Share Holding Pre Issue | 75.35% |
| Share Holding Post Issue | 59.92% |
Incorporated in 2000, Career Point Infosystems Ltd is one of the leading providers of tutorial services in India. They provide tutorial services 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.
As of December 31, 2009 they had 14 Company Operated Training Centres and 18 Franchisee Centres and during the nine months period ending December 31, 2009 they have received 30,538 enrollments. Career Point have a team of 210 faculty members as on December 31, 2009 (excluding faculty members of franchisees) comprising of graduates in engineering and science. They have recently forayed into Education Consultancy and Management Services ('ECAMS'), catering to K-12 and Higher Education segments.
| Particulars | For the year/period ended (Rs. in Millions) | ||||||
| * 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | ||
| Total Income | 344.63 | 490.36 | 411.66 | 299.71 | 56.94 | 33.86 | |
| Profit After Tax (PAT) | 103.32 | 162.41 | 154.53 | 120.10 | 14.73 | 11.76 | |
| KPI | Values |
|---|---|
| RoNW | 14.6% |
The objects of the Issue are:
1. to construct and develop an integrated campus facility;
2. expansion of classroom infrastructure and office facility;
3. acquisitions and other strategic initiatives; and
4. to meet expenses towards general corporate purposes.
The Career Point IPO is subscribed 47.39 times on September 21, 2010 9:00:00 PM. The public issue subscribed 31.74 times in the retail category, 47.45 times in the QIB category, and 101.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 47.45 |
| NII | 101.93 |
| Retail | 31.74 |
| Employee | 1.07 |
| Total | 47.39 |
CARE has assigned an IPO Grade 3 to Career Point Infosystems Ltd IPO. This means as per CARE company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Career Point Infosystems Ltd.
Career Point Infosystems Ltd IPO, Career Point IPO, Career Point Infosystems IPO Bidding, Career Point IPO Allotment Status, Career Point Infosystems drhp and Career Point Infosystems Ltd IPO listing.
| Listing Date | October 6, 2010 |
| BSE Script Code | 533260 |
| NSE Symbol | CAREERP |
| ISIN | INE521J01018 |
| Final Issue Price | ₹310 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹310.00 |
| ₹461.00 |
| ₹450.00 |
| ₹674.00 |
| ₹632.35 |
| NSE |
|---|
| ₹310.00 |
| ₹461.10 |
| ₹436.10 |
| ₹664.00 |
| ₹628.15 |
Career Point Infosystems Ltd
Career Point Infosystems Ltd,
112 B, Shakti Nagar,
Kota – 324 009, Rajasthan, India
Phone: +91 744 2500492, 2500092
Email: ipo@careerpointgroup.com
Website: http://www.careerpointgroup.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cpil.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Career Point IPO is a main-board IPO of 3,712,822 equity shares of the face value of ₹10 aggregating up to ₹115.00 Crores. The issue is priced at ₹295 to ₹310 per share. The minimum order quantity is 20 Shares.
The IPO opens on September 16, 2010, and closes on September 21, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Career Point IPO opens on September 16, 2010 and closes on September 21, 2010.
Career Point IPO lot size is 20 Shares, and the minimum amount required is ₹6,200.
You can apply in Career Point IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Career Point IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Career Point IPO allotment status.
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