Career Point, Austin Engineering

Career Point, Austin Engineering

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.

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.

Career Point Infosystems IPO Allotment Status

Career Point Infosystems IPO Allotment Status can be viewed either today or tomorrow here

Career Point Infosystems Subscription Allotment Details

Qualified Institutional Buyers (QIBs) 47.45
Non Institutional Investors 101.93
Retail Individual Investors (RIIs) 31.74

Career Point Infosystems IPO receives strong response

The IPO subscribed 25.54 times.

The initial public offer of tutorial services provider Career Point Infosystems was subscribed robust 25.54 times by 16:00 IST on the third day of the issue today, 20 September 2010. The IPO received bids for 8.19 crore shares, compared with 32.08 lakh shares on offer.

Career Point Infosystems IPO Review

Investors can consider taking exposure to the initial public offering by Career Point Infosystems, a tutorial services provider, given the encouraging prospects for its business with sustainability and visibility over the long-term.

Career Point Infosystems ropes in anchor investors

To allot 6.56 lakh shares to anchor investors at Rs 310 per share

The initial public offer of tutorial services provider Career Point Infosystems was subscribed 5% on the first day of the issue today, 16 September 2010. The IPO received bids for 1.75 lakh shares compared with 32.08 lakh shares on offer.

Career Point Infosystems IPO Analysis

Promoted by Pramod Maheshwari, Om Prakash Maheshwari and Nawal Kishore Maheshwari, Career Point Infosystems is one of the leading providers of tutorial services in India, with the main centre in Kota, Rajasthan. It operates in two core business areas: tutorial services and education consultancy and management services (ECAMS).

Career Point Infosystems

Career Point Infosystems