This was an IPO released in 2010 and subscribed 26 times.The institute had no name in kota at all.The number of students they had in whole coaching , other institutes had that many in one course. Still their IPO was successful.Surprisingly got doubled also post listing and after that the company is failure in coaching space.its not as if the company was successful earlier.The owner pramod maheshwari was very very kanjus.His famous statement on kota suicides was-filth comes in , filth goes out.His own relative studied in bansal classes to get into IIT.
So maybe even MAMAEARTH will become double post listing,if a share like careerpoint which only had some 3000 students in kota can double itself
subscription stats of career point ipo
The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 47.45 times with bids for 76422000 equity shares against the offer of 1610586 equity shares.
The Non Institutional Investors portion of the issue has received bids for 2401140 equity shares against the offer of 383329 equity shares resulting in a subscription of 6.26 times.