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MT Educare Limited IPO (MT Educare IPO) Detail

Mar 27, 2012 - Mar 29, 2012        
  
   

Incorporated in 2006, MT Educare Limited is an education support and coaching services provider for students in the secondary and higher secondary school. Also they provide coaching services for students pursuing graduation degree in commerce, preparing for various competitive examinations and undertaking chartered accountancy examinations.

MT Educare has serviced over 58300 students in the year 2010 - 11, has over 1400 faculty & staff and 188 centres in 110 locations. MT Educare is one of the leading coaching services providers in Maharashtra, with primary operations in Mumbai with 138 Coaching Centres in 85 locations as on May 15, 2011. Additionally, They have recently started operations at six locations in New Delhi and Gurgaon under the brand "Study Mate – Powered by MT Educare" through HT Learning Centres Limited (“HTLCL”).

Company Promoters:

Mahesh R. Shetty, aged 46 years, is the Chairman and Managing Director of our Company.

Objects of the Issue:

The object of the issue are to:

1. Part financing the cost of construction of a PUC campus in Karnataka, which includes the cost of acquisition of land;
2. Establishing new Coaching Centres at 20 locations; and
3. General corporate purposes.

Issue Detail:

  »»  Issue Open: Mar 27, 2012 - Mar 29, 2012
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 4,375,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 35.00 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 74 - Rs. 80 Per Equity Share
  »»  Market Lot: 80 Shares
  »»  Minimum Order Quantity: 80 Shares
  »»  Listing At: BSE, NSE

MT Educare IPO Grading

CRISIL has assigned an IPO Grade 4 to MT Educare IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read MT Educare IPO Report

MT Educare IPO Reviews:

  1. Dilip Davda says 'Avoid' to MT Educare Limited IPO
  2. KM Global Finserv Pvt. Ltd. says 'Subscribe' to MT Educare Limited IPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 4,626,951  1,909,459  4,455,405  10,991,815 
 Day 1 - Mar 27, 2012 17:00 IST 0.0000 3.6000 0.0600 0.6400 
 Day 2 - Mar 28, 2012 17:00 IST 1.3500 3.6000 0.1500 1.2500 
 Day 3 - Mar 29, 2012 17:00 IST 6.0100 8.0000 2.1700 4.8000 

MT Educare IPO News Alerts

  1. Tuesday, April 10, 2012 11:48:19 AM
    IPO Listing - MT Educare Limited
  2. Tuesday, April 10, 2012 5:04:57 AM
    IPO Allotment - MT Educare Limited
  3. Thursday, March 29, 2012 10:47:47 AM
    MT Educare IPO finally subscribed 4.80 times
  4. Thursday, March 22, 2012 9:53:45 AM
    Upcoming IPO - MT Educare Limited

MT Educare IPO Rating

   Rating: 3.3
98
3.3
Rating:Rated 3.3 stars

Vote Here ...

   IPO Reviews  |  IPO Gradings

MT Educare IPO Listing Date

Listing Date:Thursday, April 12, 2012
BSE Scrip Code:534312
NSE Symbol:MTEDUCARE
Listing In:‘T’ Group of Securities
Sector:Education
ISIN:INE472M01018
Issue Price:Rs. 80.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 80.00
Open:Rs. 86.05
Low:Rs. 86.05
High:Rs. 90.35
Last Trade:Rs. 90.35
Volume:1,600,133
NSE
Rs. 80.00
Rs. 86.05
Rs. 86.05
Rs. 90.35
Rs. 90.35
751,063

MT Educare IPO Prospectus

Company Contact Information

Registered Office :
    220, 2nd Floor,
    Pandit Din Dayal Upadhyay Marg,
    L.B.S. Cross Road, Mulund (West), Mumbai
Phone: (91 22) 2593 7700
Fax: (91 22) 2593 7799
Email: info@mteducare.com
Website: http://www.mteducare.com

MT Educare IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: mtel.ipo@linkintime.com
Website: http://www.linkintime.co.in

MT Educare IPO Lead Manager(s)


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MT Educare IPO Messages (MT Educare IPO Comments)

  Post New Message ...  

73. gundu anna  Apr 15, 2012 6:39:04 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

whether anybody recieved REC infrastructure bonds? I have not yet revcieved in my DEMAT.

 

72. sbb  Apr 15, 2012 11:06:01 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sbb's - IPO Comments,  Public Profile

PLS INFORM ANY ONE GOT BROKERAGE OF NHAI, HUDCO & IRFC TAXFREE BOND & IF YES WHAT RATE

 

71. gundu anna  Apr 14, 2012 9:30:42 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

Sell and run with your money!!!
Those opening with upper circuit may be operator driven stock.... this is what I think....

if you want to take risk.... then hold for few more days...

 

70. crisil crisil  Apr 13, 2012 3:56:13 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
crisil crisil's - IPO Comments,  Public Profile

Dear all,
i want to BSE Ltd Share Any prize tell me,,,,,,

 

69. Rahul ahuja  Apr 12, 2012 12:45:08 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rahul ahuja's - IPO Comments,  Public Profile

ny body knw how much comission was there in mt 2 lac applicaton,ny body rep

 

68. Rahul ahuja  Apr 12, 2012 12:17:10 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rahul ahuja's - IPO Comments,  Public Profile

it sebi rule,i gues if europe market open in red n market does nt tank today,there wil be upper circut for whole day nd nw tommrrow every thng good it wil be another circut at 94.85

 

67. Priyanka Ranjan  Apr 12, 2012 12:14:53 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Priyanka Ranjan's - IPO Comments,  Public Profile

Looks like upper circuit will not be removed today Good for us. Keep finger crossed for those who have applied Tomorrow it will be up only as there are only buyers Cheers !!!!!

 

67.1. Priya Jain  Apr 12, 2012 12:46:41 PM IST |  I Like It.  Like  |  Report Abuse
Priya Jain's - IPO Comments,  Public Profile

Its not at all good. No movement in price :( No trading opportunities :(

 

66. ALOK BARANWAL  Apr 12, 2012 11:47:33 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ALOK BARANWAL's - IPO Comments,  Public Profile

WHEN THIS CIRCUIT WILL BE REMOVED

 

65. ALOK BARANWAL  Apr 12, 2012 11:46:45 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ALOK BARANWAL's - IPO Comments,  Public Profile

MR. AHUJA WHY THERE IS CIRCUIT AND WHEN IT WILL BE REMOVED

 

64. Rahul ahuja  Apr 12, 2012 11:09:47 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rahul ahuja's - IPO Comments,  Public Profile

90.35 upper circut,stil dont sel single share,cheers

 

63. Rahul ahuja  Apr 12, 2012 10:46:17 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rahul ahuja's - IPO Comments,  Public Profile

Mr bul i said u buddy,u find enough buyer at rs 6,hope u earn decent profit,i had 1138*4,cheers wht a start

 

63.1. A LA  Apr 12, 2012 11:16:53 AM IST |  I Like It.  Like  |  Report Abuse
A LA's - IPO Comments,  Public Profile

Rahul ahuja,

Thank You Very Much for your timely information.

 

62. BULLS  Apr 11, 2012 10:02:27 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
BULLS's - IPO Comments,  Public Profile

what is the latest GMP in JAIPUR AND IN AHMEDABAD?

 

61. BULLS  Apr 11, 2012 8:49:57 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
BULLS's - IPO Comments,  Public Profile

In JAIPUR I HEARD RS 8 BUYER.. ANY ONE THERE CAN CONFERM IS IT TRUE OR FALSE?

 

60. P A N K A J B A B O O L A L  Apr 11, 2012 4:22:33 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
P A N K A J B A B O O L A L's - IPO Comments,  Public Profile

MT Educare to list shares on April 12

 

59. Rahul ahuja  Apr 11, 2012 12:01:04 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rahul ahuja's - IPO Comments,  Public Profile

buddy sel them in open market.as there wil be lot of buyer at rs 6tomorrow as it going to list 2morrow,it no need of fightng time wil tel

 

59.1. BULLS  Apr 11, 2012 12:08:17 PM IST |  I Like It.  Like  |  Report Abuse
BULLS's - IPO Comments,  Public Profile

sorry but just wanna secure my profit. i am not fighting with you. just wanna telling u that i want 2 share my profit

 

58. Rahul ahuja  Apr 11, 2012 10:28:07 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rahul ahuja's - IPO Comments,  Public Profile

time wil tel either it list in premium or discount,dont worry guys who had been allotd shares of mt,they wil defintly earn decent profil mr bul stil in ahmedabd there is buyer at 6rs

 

58.1. BULLS  Apr 11, 2012 11:20:28 AM IST |  I Like It.  Like  |  Report Abuse
BULLS's - IPO Comments,  Public Profile

I WANT 2 SELL IN RS 6.

 

57. gundu anna  Apr 11, 2012 8:16:11 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments,  Public Profile

To 55. hbk,

You are lucky!!! good that you have not been allotted any shares.there is very little chance of making money as it is in t-to-t segment.

 

56. BULLS  Apr 10, 2012 11:24:57 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
BULLS's - IPO Comments,  Public Profile

SOME ONE WROTE HERE IN MORNING 7.5 RS. BUYER.. I WANT 2 SELL IT MY FEW SHARES... HERE IS AHMEDABAD 3 RS. ONLY SELLAR NO BUYER.... WHAT WILL HAPPEN NEXT?

 

55. BULLS  Apr 10, 2012 9:01:20 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
BULLS's - IPO Comments,  Public Profile

In AHMEDABAD 4.5 RS SELLAR... BAD NEWS.

 

54. hbk  Apr 10, 2012 8:08:49 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
hbk's - IPO Comments,  Public Profile

Applied for 640 shares. Not allotted any shares. No refund also. What is the reason?

 

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