Career Point ropes in 10 anchor investors
Tutorial services provider Career Point Infosystems today said it has raised Rs 20.34 crore by roping in 10 anchor investors for its initial public offering, which opens on Thursday.
By PTI |
NEW DELHI: Tutorial services provider Career Point Infosystems today said it has raised Rs 20.34 crore by roping in 10 anchor investors for its initial public offering, which opens on Thursday.
The company has finalised allocation of 6,56,040 equity shares at a price of Rs 310 per piece to the anchor investors, which includes Goldman Sachs, Citigroup, Axis Mutual Fund and DSP Blackrock, it said in a statement. Career Point’s Rs 115 crore IPO opens on Thursday and will close on September 21. For institutional buyers, the IPO will closes on September 20. The company has fixed the issue price of IPO at Rs 295 to Rs 310 per equity share.
The entity provides tutorial services for engineering and medical entrance exams. It has presence through 33 centres, of which, 17 are company operated while balance 16 are franchisee centres, spread over 13 states of the country.
The company has finalised allocation of 6,56,040 equity shares at a price of Rs 310 per piece to the anchor investors, which includes Goldman Sachs, Citigroup, Axis Mutual Fund and DSP Blackrock, it said in a statement. Career Point’s Rs 115 crore IPO opens on Thursday and will close on September 21. For institutional buyers, the IPO will closes on September 20. The company has fixed the issue price of IPO at Rs 295 to Rs 310 per equity share.
The entity provides tutorial services for engineering and medical entrance exams. It has presence through 33 centres, of which, 17 are company operated while balance 16 are franchisee centres, spread over 13 states of the country.
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