Comparison of three issues which closed on 21st September

Three issues namely Career Point, Eros International and Microsec closed their IPO’s yesterday on 21st September 2010. They collectively wanted to raise 612.5 crs and they finally raised almost 24.82 times that amount by raising a total of Rs 15204.16 crs. The smallest issue in terms of size was Career Point and that issue was oversubscribed the most in all categories except the QIB category.

Retail investors who have applied for the maximum of Rs 1 lakh would get firm allotment in Eros and Microsec while it would be a lottery in the case of Career Point.

Career Point Eros International Microsec
No of Shares 3709677 20000000 12500000
Price Band 295-310 158-175 113-118
Size of issue 115 crs 350 crs 147.5 crs
Anchor Investors 656040 3600000 NIL
Overall Subscription 47.39 26.51 12.2
QIB Subcription 25.79 47.45 5.91
HNI Subscription 101.93 73.4 35.88
Retail Subscription 31.74 11.95 11.04
Amount raised 4734.23 8670.78 1799.15
Total Issue Size 612.5
Total Amount Raised 15204.16
Average Oversubscription 24.82
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