Career Point IPO Details

Issue Open Sep 16, 2010
Issue Close Sep 21, 2010
IPO Price ₹310
Face Value ₹10
IPO Size ₹115.00 Cr
Listing At BSE, NSE
IPO Lot Size 20

CAREER POINT INFOSYSTEMS LIMITED

Our Company was incorporated as public limited company on March 31, 2000, under the Companies Act, 1956. We received certificate of commencement of business issued by, Registrar of Companies, Jaipur on April 11, 2000. For details of change in the registered office of our Company, please see section titled 'History and Certain Corporate Matters' at page 134 of the Prospectus.
Registered Office: 112B, Shakti Nagar, Kota - 324 009, Rajasthan, India. Tel: +91 744 2500492, 2500092;
Fax: +91 744 2500892.
Corporate Office: CP Tower, Road No. 1, IPIA, Kota - 324 005, Rajasthan, India. Tel: +91 744 3040000;
Fax: +91 744 3040000.
Website: www.careerpointgroup.com
Company Secretary and Compliance Officer:
Mr. Tarun Kumar Jain; Email: ipo@careerpointgroup.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 3,712,822 EQUITY SHARE OF FACE VALUE OF RS. 10 EACH OF CAREER POINT INFOSYSTEMS LIMITED (THE "COMPANY' OR THE  "ISSUER") FOR CASH AT A PRICE OF RS. 310* PER EQUITY SHARE (INCLUDING A  SHARE PREMIUM OF RS.300 PER EQUITY SHARE), AGGREGATING UP TO RS.1,150 MILLION ("THE ISSUE") THE ISSUE INCLUDES A RESERVATION OF UPTO 65,000 EQUITY SHARES OF RS. 10 EACH FOR THE ELIGIBLE EMPLOYEES(THE "EMPLOYEE RESERVATION PORTION"), THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS  THE "NET ISSUE". THE ISSUE SHALL CONSTITUTE 20.48% OF THE FULLY DILUTED POST - ISSUE PAID-UP CAPITAL OF OUR COMPANY:

*Based on Eligible Employee Discount, the Issue Price for Eligible Employees is Rs. 295 per Equity Share

THE COMPANY HAS ALLOTTED 656,040 EQUITY SHARES TO ANCHOR INVESTORS AT RS. 310 PER EQUITY SHARE IN ACCORDANCE WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED ("SEBI REGULATIONS").

THE FACE VALUE PER EQUITY SHARE IS RS. 10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 310 AND IT IS 31 TIMES THE FACE VALUE.

ELIGIBLE EMPLOYEES, WHOSE BID AMOUNT DOES NOT EXCEED RS. 100,000 WILL BE GIVEN A DISCOUNT OF RS. 15 PER EQUITY SHARE TO THE ISSUE PRICE ("ELIGIBLE EMPLOYEE DISCOUNT"). HOWEVER, THEY SHALL BID WITHIN THE PRICE BAND AND THEIR BID AMOUNT SHALL BE COMPUTED AND MUST BE DEPOSITED WITHOUT FACTORING IN THE ELIGIBLE EMPLOYEE DISCOUNT.

Pursuant to Rule 19(2)(b) of the Securities Contract Regulation Rules, 1957 ("SCRR"), this being an Issue for less than 25% of the post Issue share capital, the Issue is being made through the Book Building Process wherein at least 60% of the Net Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Provided that, the Company may, allocate up to 30% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price on a discretionary basis, out of which at least one-third will be available for allocation to Mutual Funds only ("Anchor Investor Portion"). In the event of under-subscription in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB portion. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. If at least 60% of the Net Issue cannot be allotted to QIBs, then the entire application money will be refunded forthwith. In addition, in accordance with Rule 19(2)(b) of the SCRR, a minimum of two million securities are being offered to the public and the size of the Issue shall aggregate to at least Rs. 1,000 million. Further, not less than 10% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 30% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price. Further, upto 65,000 Equity Shares shall be available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received at or above the Issue Price.

The Issue received 160,583 applications for 153,132,820 Equity Shares resulting in 41.2443 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor, Anchor Investors and Employee categories are as under: (Before technical rejections) (including ASBA Applications).

Category No. of Applications No. of Equity Shares No. of times subscription
A Retail Individual Bidders 159,988 35,350,640 30.2274
B Non Institutional Bidders 261 38,776,380 99.4698
C Qualified Institutional Bidders 91 76,340,000 45.3610
D Employees 233 64,100 0.9862
E Anchor Investors 10* 2,601,700 3.9658
Total 160.583 153,132,820

* Excludes one anchor application not considered on account of funds being received late by the escrow collection bank.

Final Demand

The final demand at different bid prices as per the BSE and NSE as on the Bid/Issue closing date is as under:

Bid Price No. of Equity Shares % to total Cumulative Total Cumulative % to Total
295 3,180,260 2.0074 158,430,060 100.0000
296 980 0.0006 155,249,800 97.9926
297 860 0.0005 155,248,820 97.9920
298 420 0.0003 155,247,960 97.9915
299 240 0.0002 155,247,540 97.9912
300 3,113,180 1.9650 155,247,300 97.9911
301 1,280 0.0008 152,134,120 96.0260
302 1,920 0.0012 152,132,840 96.0252
303 600 0.0004 152,130,920 96.0240
304 760 0.0005 152,130,320 96.0236
305 128,140 0.0809 152,129,560 96.0232
306 200 0.0001 152,001,420 95.9423
307 300 0.0002 152,001,220 95.9422
308 111,480 0.0704 152,000,920 95.9420
309 1,280 0.0008 151,889,440 95.8716
310 119,534,740 75.4495 151,888,160 95.8708
CUTOFF 32,353,420 20.4213 32,353,420 20.4213
TOTAL 158,430,060 100.0000

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on October 1, 2010.

A. Employees (After Technical Rejections) (including ASBA applications)
The Basis of Allocation to the employees, who have bid at cut-off or at the Issue Price of Rs. 310 per Equity Share (Rs. 15 discount on the Issue price was given to the employees and hence the net issue price for this category is Rs.295 per Equity Share), was finalized in consultation with BSE. This category has been under subscribed to the extent of 0.9428 times. The total number of Equity Shares allotted in this category is 61,280 Equity Shares to 222 successful applicants. The under subscribed portion of 3,720 Equity Shares at Rs. 295 i.e. 3,540 Equity Shares at Rs. 310 (3,720 x 295 / 310) have been spilled over to QIBs (2,124 Equity Shares), Non-Institutional Bidders (354 Equity Shares) and Retail Individual Bidders (1,062 Equity Shares). The category-wise details of the Basis of Allotment are as under:

Category No. of
Applns.
% to
total
Total No. of
Equity Shares
applied
% to
total
No. of Equity
Shares
allocated
Ratio Total No. of
Equity Shares
allocated
20 8 3.60 160 0.26 20 1:1 160
40 6 2.70 240 0.39 40 1:1 240
60 2 0.90 120 0.20 60 1:1 120
80 1 0.45 80 0.13 80 1:1 80
100 11 4.95 1100 1.80 100 1:1 1100
120 4 1.80 480 0.78 120 1:1 480
140 2 0.90 280 0.46 140 1:1 280
160 2 0.90 320 0.52 160 1:1 320
180 1 0.45 180 0.29 180 1:1 180
200 6 2.70 1200 1.96 200 1:1 1200
280 2 0.90 560 0.91 280 1:1 560
300 4 1.80 1200 1.96 300 1:1 1200
320 173 77.93 55360 90.34 320 1:1 55360

B. Allocation to Retail Individual Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 310 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 31.8005 times. The total number of Equity Shares allotted in Retail Individual Investor category is 1,095,420 Equity Shares to 54,771 successful applicants. As per the Red Herring Prospectus, the spill over portion from Employee Category was 1,062 Equity Shares. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applns.
% to
total
Total No.
of Equity
Shares applied
% to
total
No. of
Equity
Shares
allocated
Ratio Total No. of
Equity
Shares
allocated
20 18466 11.76 369320 1.06 20 3:95 11680
40 9267 5.90 370680 1.06 20 1:16 11600
60 6283 4.00 376980 1.08 20 5:53 11880
80 4234 2.70 338720 0.97 20 1:8 10600
100 7074 4.50 707400 2.03 20 3:19 22340
120 2115 1.35 253800 0.73 20 3:16 7940
140 1809 1.15 253260 0.73 20 9:41 7940
160 9008 5.73 1441280 4.14 20 1:4 45200
180 1714 1.09 308520 0.89 20 2:7 9800
200 3494 2.22 698800 2.01 20 6:19 22060
220 725 0.46 159500 0.46 20 9:26 5020
240 935 0.60 224400 0.64 20 3:8 7020
260 565 0.36 146900 0.42 20 9:22 4620
280 561 0.36 157080 0.45 20 7:16 4900
300 2014 1.28 604200 1.73 20 8:17 18960
320 88824 56.54 28423680 81.60 20 80:159 893860

C. Allocation to Non Institutional Investors (After Technical Rejections) (including ASBA applications)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 310 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 106.1704 times. The total number of Equity Shares allotted in this category is 365,124 Equity Shares to 189 successful applicants. As per the Red Herring Prospectus, the spill over portion from Employee Category was 354 Equity Shares. The sample of category-wise details of the Basis of Allotment are as under:

Category No. of
Applns.
% to
total
Total No. of
Equity Shares
applied
% to
0total
No. of
Equity
Shares
allocated
Ratio Total No. of
Equity
Shares
allocated
340 14 5.58 4760 0.01 20 1:7 40
360 1 0.40 360 0.00 20 1:1 20
400 20 7.97 8000 0.02 20 1:5 80
420 8 3.19 3360 0.01 20 1:4 40
440 3 1.20 1320 0.00 20 1:3 20
860 1 0.40 860 0.00 20 1:1 20
1000 7 2.79 7000 0.02 20 3:7 60
1040 1 0.40 1040 0.00 20 1:1 20
1180 1 0.40 1180 0.00 20 1:1 20
6000 2 0.80 12000 0.03 57 1:1 114
20000 3 1.20 60000 0.15 188 1:1 564
24000 1 0.40 24000 0.06 226 1:1 226
25600 1 0.40 25600 0.07 241 1:1 241
28800 1 0.40 28800 0.07 271 1:1 271
129040 3 1.20 387120 1.00 1215 1:1 3645
160000 1 0.40 160000 0.41 1507 1:1 1507
161000 1 0.40 161000 0.42 1516 1:1 1516
161280 2 0.80 322560 0.83 1519 1:1 3038
2925000 1 0.40 2925000 7.55 27514 1:1 27514
2988620 1 0.40 2988620 7.71 28112 1:1 28112

D. Allocation to QIBs (including ASBA applications)
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, Mutual Funds were initially allocated 5% of the quantum of Equity Shares available (76,739 Equity Shares), including Spill over from Employee Category to the extent of 106 Equity Shares and other QIBs and Mutual Funds were allocated (1,458,039 Equity Shares) on proportionate basis, including Spill over from Employee Category to the extent of 2018 Equity Shares, on proportionate basis.

Category Fls/Banks Flls MFs ICs VCs Total
No. of Shares 486,321 704,418 336,226 - 7,813 1,534,778

E. Allocation to Anchor Investors

The Company allotted 656,040 Equity Shares to 10 Anchor Investors in consultation with the Book Running Lead Managers.
The IPO Committee of the Company at it's Meeting held at Kota on October 1, 2010 has taken on record the basis of allocation of Equity Shares approved by the Designated Stock Exchange viz., Bombay Stock Exchange Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on October 4, 2010. Further, the instruction to Self Certified Syndicate Banks (SCSBs) has been dispatched on October 1, 2010. In case the same is not received within ten days, investors may contact at the address given below. The refund orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on October 6, 2010.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at Website: www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrars to the Issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of Equity Shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

LINK INTIME INDIA PRIVATE LIMITED
C-13 Pannalal Silk Mills Compound, L.B.S. Marg,
Bhandup (West), Mumbai 400 078
Tel.: +91 22 2596 0320, Fax: +91 22 2596 0329
Email ID: cpil.ipo@linkintime.co.in

Place: Kota
Date : October 4, 2010
For Career Point Infosystems Limited
Sd/-
Tarun Kumar Jain

Company Secretary and Compliance Officer

Career Point IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Career Point IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Career Point IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Career Point IPO basis of allotment status?

    The Career Point IPO basis of allotment (published above) tells you how shares are allocated to you in Career Point IPO and category wise demand of IPO share.

    Visit the Career Point IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Career Point IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Career Point IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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