CPIL IPO in Rs 295-310 price band

Rajasthan-based Career Point Infosystems (CPIL), a tutorial services provider, has fixed price band of R295-310 per share for its proposed initial public offer (IPO), through which it plans to raise R115 crore.

Rajasthan-based Career Point Infosystems (CPIL), a tutorial services provider, has fixed price band of R295-310 per share for its proposed initial public offer (IPO), through which it plans to raise R115 crore.

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The company is entering the capital market on September 16, with a public issue of equity shares of R10 each for cash at a price, including a premium to be determined through a 100 per cent book-building process. The issue will close on September 21.

The proceeds from the public offering will be used for constructing and developing an integrated campus facility, expansion of classroom infrastructure and office facility and for acquisitions and other strategic initiatives.