Career Point Infosystems IPO
Career Point Infosystems IPO — date, price band, lot size & details 2010
Career Point Infosystems listed on 6 Oct 2010 at ₹461.1, 48.7% above the ₹310 issue price.
Career Point Infosystems provides tutorial services for engineering and medical entrance examinations through company run and franchised centres. Its total income was Rs 67.80 crore in FY2010.
Stock price
Career Point Infosystems is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 16 Sep 2010
- Close 21 Sep 2010
- Allotment 01 Oct 2010
- Refund/credit TBA
- Listing 06 Oct 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 21 Sep, 2010 |
|---|---|
| Price Band | ₹295 – ₹310 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹115 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 15.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,200 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 20 shares at the ₹310 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹6,200 |
| Retail (max) | 32 | 640 | ₹1,98,400 |
| S-HNI (min) | 33 | 660 | ₹2,04,600 |
| S-HNI (max) | 161 | 3,220 | ₹9,98,200 |
| B-HNI (min) | 162 | 3,240 | ₹10,04,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 41.17 crore in FY2008 to Rs 67.80 crore in FY2010.
- 02Profit after tax rose from Rs 15.45 crore in FY2008 to Rs 19.87 crore in FY2010, a high margin on its income.
- 03Total borrowing was only Rs 0.11 crore in FY2010.
- 04It received 28,626 enrollments in the four months to 31 July 2010.
- 05Net worth rose from Rs 42.46 crore in FY2008 to Rs 136.09 crore in FY2010.
Risks · 5
- 01Demand depends on entrance exam patterns, which can change; its centres numbered 17 company run and 16 franchised.
- 02Rs 68.25 crore of the issue was for an integrated campus, more than its FY2010 income of Rs 67.80 crore.
- 03Franchisee centres, 16 of them, carry brand and quality control risk.
- 04Coaching is crowded and depends on keeping good teachers; profit grew slowly from Rs 16.24 crore in FY2009 to Rs 19.87 crore in FY2010.
- 05Promoter holding fell from 75.35% before the issue to 59.92% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Career Point Infosystems offer document.
| Metric | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|
| Total Income | 67.80 | 49.04 | 41.17 |
| Profit After Tax | 19.87 | 16.24 | 15.45 |
| EBITDA | 23.92 | 21.52 | 20.55 |
| NET Worth | 136.09 | 58.66 | 42.46 |
| Reserves and Surplus | 123.15 | 46.85 | 30.61 |
| Total Borrowing | 0.11 | 5.22 | 0.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Career Point Infosystems RHP.
Where the money goes
₹99.74 Cr of the issue is earmarked to named objects.
Career Point Infosystems IPO Anchor Investors
10 anchor investors across 8 fund houses committed ₹20.32 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It coaches high school and post high school students for competitive entrance examinations, including AIEEE, IIT JEE and the All India Pre Medical and Pre Dental Test, through classroom programmes.
As at 31 July 2010 it had 17 company operated training centres and 16 franchisee centres, and it received 28,626 enrollments in the four months to that date.
The IPO was Rs 115 crore and was entirely fresh issue at Rs 310, the top of the Rs 295 to Rs 310 band. The money was mainly for an integrated campus, more classrooms and offices, and acquisitions.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Career Point Infosystems IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Centrum Capital Ltd.
27 issues handledBest listing: Nandan Exim (+140.0%). Weakest: Prime Focus (-22.8%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Career Point Infosystems?
The current Grey Market Premium is ₹0.
What is the Career Point Infosystems IPO price band?
₹295 to ₹310, on a face value of ₹10.
When is the allotment?
The basis of allotment is 1 October 2010, with listing on 6 October 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
