Career Point Infosystems IPO evokes excellent response from investors

The Initial Public Offering (IPO) of Career Point Infosystems Limited has receieved overwhelming response with the issue garnering subscription of 47.39 times. The IPO opened for subscription on September 16, 2010 and closed for subscription today (September 21, 2010).

The IPO received total bids for 152061300 equity shares against the offer of 3208907 equity shares. The issue received bids for 32362860 equity shares at cut-off price.

The issue received excellent response from Qualified Institutional Buyers (QIBs) with their portion getting subscription of 47.45 times. The Qualified Institutional Buyers (QIBs) portion received total bids for 76422000 equity shares against the offer of 1610586 equity shares.

The Non Institutional Investors portion of the issue received bids for 39073880 equity shares against the offer of 383329 equity shares resulting in a subscription of 101.93 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 31.74 times with bids for 36496040 equity shares against the offer of 1149992 equity shares.

The Employee Reservation portion received bids for 69380 equity shares against the offer of 65000 equity shares resulting in a subscription of 1.07 times.

Source : Equity Bulls

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