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”).
Mahesh R. Shetty, aged 46 years, is the Chairman and Managing Director of our Company.
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 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
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
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||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|
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