Career Point Infosystems IPO open for subscription

The Initial Public Offering (IPO) of Career Point Infosystems Limited opened for subscription by investors on September 16, 2010. The company has come out with IPO of 3208907 equity shares of Rs 10 each for cash at a price band of Rs 295 to Rs 310 through 100% book building process.

The IPO received subscription for 2266620 equity shares till 3:00 PM on September 17, 2010 against the offer of 3208907 equity shares resulting in a subscription of 0.71 times. The issue received bids for 210320 equity shares at cut-off price.

The IPO closes for subscription on September 21, 2010. The rating agency CARE has assigned IPO Grading of IPO Grade 3.

The Minimum Order Quantity was 150 equity shares and in multiples of 150 equity shares. The Maximum Subscription Amount for Retail Investor was Rs 100000.

Centrum Capital Limited and JM Financial Consultants Private Limited are the Book Running Lead Managers to the IPO. JM Financial Services Private Limited is the Syndicate Members for the IPO. Link Intime India Private Limited is the registrar to the company.

Source : Equity Bulls

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