Incorporated in 2000, Career Point Infosystems Ltd is one of the leading providers of tutorial services in India. They provide tutorial services to high school and post high school students for various competitive entrance examinations including All India Engineering Entrance Examination, Indian Institute of Technology – Joint Entrance Examination and All India Pre-Medical and Pre-Dental Test.
As of December 31, 2009 they had 14 Company Operated Training Centres and 18 Franchisee Centres and during the nine months period ending December 31, 2009 they have received 30,538 enrollments. Career Point have a team of 210 faculty members as on December 31, 2009 (excluding faculty members of franchisees) comprising of graduates in engineering and science. They have recently forayed into Education Consultancy and Management Services ('ECAMS'), catering to K-12 and Higher Education segments.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To meet the costs of construction and development of an integrated campus facility. | ₹68 |
| 2 Expansion of classroom infrastructure and office facility. | ₹16 |
| 3 Acquisitions and other strategic initiatives. | ₹15 |
| 4 General corporate purposes | — |
| Metric | * 30-Sep-09 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 34 | 49 | 41 |
| PAT | 10 | 16 | 15 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,188,694 (59%) | — |
| NII / HNI | — | 364,782 (10%) | — |
| Retail (RII) | — | 1,094,346 (29%) | — |
| Employee | — | 65,000 (2%) | — |
| Total | — | 3,712,822 (100%) | — |
* Amount calculated at upper price band (₹310) · ** Total includes all investor categories
- Retail allocation is moderate at 29% of the total offering.
- HNI/NII demand is moderate at 10%.
- Institutional (QIB) interest is strong at 59%.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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