Career Point Infosystems sparkles on debut

Settles at Rs 632.35 on BSE

Career Point Infosystems settled at Rs 632.35 on BSE, a 103.98% premium over the initial public offering price of Rs 310. The stock debuted at Rs 461, a 48.70% premium over its initial public offering (IPO) price. The stock hit a high of Rs 674 and low of Rs 450.



The counter saw high volume of 1.49 crore shares on the BSE.

Career Point Infosystems IPO had ended on 21 September 2010 with strong 47.39 times oversubscription.

The company plans to utilise the IPO proceeds to construct and develop an integrated campus facility, expansion of classroom infrastructure and office facility, acquisitions and other strategic initiatives and to meet expenses towards general corporate purposes.

Career Point Infosystems provides tutorial services for engineering and medical entrance exams.