Career Point Infosystems IPO receives subscription of 26.02 times

The Initial Public Offering (IPO) of Career Point Infosystems Limited has received overwhelming response with the issue garnering subscription of 26.02 times.

The IPO has received bids for 83511340 equity shares against the offer of 3208907 equity shares. The issue has received bids for 3587840 equity shars at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 47.45 times with bids for 76422000 equity shares against the offer of 1610586 equity shares.

The Non Institutional Investors portion of the issue has received bids for 2401140 equity shares against the offer of 383329 equity shares resulting in a subscription of 6.26 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscrption of 4.05 times with bids for 4657300 equity shares against the offer of 1149992 equity shares.

The Employee Reservation portion has received subscription of 0.48 times with bids for 30900 equity shares against the offer of 65000 equity shares.

Source : Equity Bulls

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