Bookbuilding IPO | ₹115 Cr | Listed at BSE, NSE | Thu, Sep 16, 2010 - Tue, Sep 21, 2010
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 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,200 (20 shares) (based on upper price). 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 Open
Thu, Sep 16, 2010
IPO Close
Tue, Sep 21, 2010
Issue Price
₹310 per share
Market Cap (Pre-IPO)
₹562.13 Cr
| IPO Date | 16 to 21 Sep, 2010 |
| Listed on | Wed, Oct 6, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹295 to ₹310 |
| Issue Price | ₹310 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹15.00 |
| Total Issue Size | 37,12,642 shares (agg. up to ₹115 Cr) |
| Fresh Issue | 37,12,642 shares (agg. up to ₹115 Cr) |
| Share Holding Pre Issue | 1,44,20,297 shares |
| Share Holding Post Issue | 1,81,33,119 shares |
| BSE Script Code / NSE Symbol | 533260 / CPCAP |
| ISIN | INE521J01018 |
Career Point Infosystems IPO comprises a total issue size of 37,12,822 shares. The net offer to the public is 36,47,822 shares, after excluding 65,000 shares under a preferential allotment. Of the Net offer 21,88,694 (60.00%) are allocated to QIB, 3,64,782 (10.00%) allocated to NII 10,94,346 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 21,88,694 | 60.00% | 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 | 10.00% | 9.82% | NA |
| Retail Shares Offered | 10,94,346 | 30.00% | 29.47% | 54,717 |
| Preferential Reservations | ||||
| Employee Shares Offered | 65,000 | 1.75% | NA | |
| Total Shares Offered | 37,12,822 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the costs of construction and development of an integrated campus facility. | 68.25 |
| 2 | Expansion of classroom infrastructure and office facility. | 16.49 |
| 3 | Acquisitions and other strategic initiatives. | 15.00 |
| 4 | General corporate purposes. |
| KPI | |
|---|---|
| RoNW | 14.6% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 75.35% | 59.92% |
| Market Cap | ₹562.13 Cr. |
The Career Point IPO is subscribed 47.39 times on September 21, 2010 9:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 47.45 | 16,10,586 | |
| NII | 101.93 | 3,83,329 | |
| Retail | 31.74 | 11,49,992 | |
| Employee | 1.07 | 65,000 | |
| Total | 47.39 | 32,08,907 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fee payable to Book Running Lead Managers, Underwriting commission and SCSBs’ commission | 4.53 |
| 2 | Advertising and marketing expenses Printing, stationery and distribution expenses | 1.42 |
| 3 | Printing, stationery and distribution expenses | 1.15 |
| 4 | Other (Registrar’s fees, legal fees, regulatory fees, listing fees, IPO grading fees etc.) | 1.91 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹310.00 | ₹310.00 |
| Open | ₹461.00 | ₹461.10 |
| Low | ₹450.00 | ₹436.10 |
| High | ₹674.00 | ₹664.00 |
| Last Trade | ₹632.35 | ₹628.15 |
Lead Manager Reports
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 Crores. The issue is priced at ₹310 per share. The minimum order quantity is 20.
The IPO opens on Thu, Sep 16, 2010, and closes on Tue, Sep 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 Thu, Sep 16, 2010 and closes on Tue, Sep 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 Wed, Oct 6, 2010.
