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Career Point Infosystems IPO is a book build issue of ₹115.00 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹115.00 crore.
Career Point Infosystems IPO bidding started from Sep 16, 2010 and ended on Sep 21, 2010. The shares got listed on BSE, NSE on Oct 6, 2010.
Career Point Infosystems IPO price band is set at ₹310.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,900 (20 shares). The lot size investment for sNII is 33 lots (660 shares), amounting to ₹2,04,600, and for bNII, it is 162 lots (3,240 shares), amounting to ₹10,04,400.
The issue includes a reservation of up to 65,000 shares for employees offered at a discount of ₹15.00 to the issue price.
Centrum Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Career Point Infosystems IPO RHP for detailed Information.
| IPO Date | September 16, 2010 to September 21, 2010 |
| Listing Date | October 6, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹295 to ₹310 per share |
| Issue Price Final | ₹310 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,12,642 shares (aggregating up to ₹115.00 Cr) |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,44,20,297 shares |
| Share Holding Post Issue | 1,81,33,119 shares |
Career Point IPO offers total 37,12,822 shares. Out of which 21,88,694 (58.95%) allocated to QIB, 15,32,654 (41.28%) allocated to QIB, 3,64,782 (9.82%) allocated to NII, 10,94,346 (29.47%) allocated to RII and 6,56,040 (17.67%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 21,88,694 (58.95%) | NA |
| − Anchor Investor Shares Offered | 6,56,040 (17.67%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 15,32,654 (41.28%) | NA |
| NII (HNI) Shares Offered | 3,64,782 (9.82%) | NA |
| Retail Shares Offered | 10,94,346 (29.47%) | 54,717 |
| Employee Shares Offered | 65,000 (1.75%) | NA |
| Total Shares Offered | 37,12,822 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Career Point Infosystems IPO opens on September 16, 2010, and closes on September 21, 2010.
| IPO Open Date | Thu, Sep 16, 2010 |
| IPO Close Date | Tue, Sep 21, 2010 |
| Tentative Listing Date | Wed, Oct 6, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 21, 2010 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,200 |
| Retail (Max) | 32 | 640 | ₹1,98,400 |
| S-HNI (Min) | 33 | 660 | ₹2,04,600 |
| S-HNI (Max) | 161 | 3,220 | ₹9,98,200 |
| B-HNI (Min) | 162 | 3,240 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | |
The Company Career Point IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To meet the costs of construction and development of an integrated campus facility. | 682.50 |
| 2 | Expansion of classroom infrastructure and office facility. | 164.86 |
| 3 | Acquisitions and other strategic initiatives. | 150.00 |
| 4 | General corporate purposes. |
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 | CPCAP |
| ISIN | INE521J01018 |
| Final Issue Price | ₹310 per share |
| BSE Listing Group | B |
Career Point Infosystems Ltd.
Career Point Infosystems Ltd,
112 B,
Shakti Nagar,
Kota, Rajasthan, 324009
Phone: +91 744 2500492, 2500092
Email: ipo@careerpointgroup.com
Website: http://www.careerpointgroup.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cpil.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Career Point Infosystems IPO is a main-board IPO of 37,12,642 equity shares of the face value of ₹10 aggregating up to ₹115.00 Crores. The issue is priced at ₹310 per share. The minimum order quantity is 20.
The IPO opens on September 16, 2010, and closes on September 21, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Career Point Infosystems IPO using UPI as a payment gateway. Zerodha customers can apply in Career Point Infosystems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Career Point Infosystems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Career Point Infosystems IPO opens on September 16, 2010 and closes on September 21, 2010.
Career Point Infosystems IPO lot size is 20, and the minimum amount required for application is ₹6,200.
You can apply in Career Point Infosystems IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Career Point Infosystems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Career Point Infosystems IPO allotment status.
The Career Point Infosystems IPO listing date is on Wednesday, October 6, 2010.
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