Career Point sizzles... Eros flattens on debut

The shares of Career Point Infosystems Limited., closed 112% up on listing. The shares of Career Point closed higher at Rs 658.80, it touched an intra day high of Rs 664 and an intra day low of Rs 436.10, on the NSE.




The shares of Eros International Media, closed at Rs 189. The scrip opened at Rs 205 and went on to touch the day's high of Rs 213 and day's low of Rs 177.


The initial public offering (IPO) of Career Point Infosystems Limited had been subscribed 47.39 times on the back of strong response from the QIB and HNI categories. Even the Retail category got a good response.The IPO received bids for 152,061,300 shares against the 3208907 shares on offer. The QIB portion was subscribed 47.45 times, while the Non-Institutional (HNI) section was subscribed 101.93 times and Retail by 31.74 times. The Career Point Infosystems Limited IPO began on Sept 16, 2010 and closed on Sept 21 2010. The IPO price band was fixed at Rs 295 to Rs 310. The issue price was fixed at Rs 310 per share.


The initial public offering (IPO) of Eros International Media Ltd. had been subscribed 26.51 times on the back of strong response from the QIB and HNI categories. Even the Retail category got a good response. The IPO received bids for 491,873,440 shares against the 18551898 shares on offer. The QIB portion was subscribed 25.79 times, while the Non-Institutional (HNI) section was subscribed 73.40 times and Retail by 11.95 times.


The Eros International Media Ltd IPO began on Sept 17, 2010 and closed on Sept 21 2010. The IPO price band was fixed at Rs 158 to Rs 175. Eros Digital Private Limited holds 30.39% stake and Eros Worldwide holds 69.60% stake in the Company. Eros plc, the holding company of the Eros Group, is a promoter of the company and is listed on the Alternative Investment Market of the London Stock Exchange.