MT EDUCARE LIMITED
(Our Company was originally incorporated as MT Educare Private Limited on August 19,2006, at Mumbai, as a private limited company under the Companies Act, 1956, as amended (the "Companies Act".) Our Company was converted into a public limited company on May 18,2011 and consequently, the name was changed to MT Educare Limited. For details of the change in the registered office and name of our Company, please see the section "History and Certain Corporate Matters" on page 150 of the Prospectus.)
Registered Office: 220,2nd Floor, "Flying Colors",
Pandit Din Dayal Upadhyay Marg, L.B.S. Cross Road, Mulund (West), Mumbai 400 080
PROMOTER OF OUR COMPANY: MAHESH R. SHETTY
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 1,23,75,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF MT EDUCARE LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 80 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 70 PER EQUITY SHARE) AGGREGATING TO RS 9,900 LAKHS CONSISTING OF A FRESH ISSUE OF 43,75,000 EQUITY SHARES AGGREGATING TO RS 3,500 LAKHS (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 80,00,000 EQUITY SHARES BY HELIX INVESTMENTS COMPANY (THE "SELLING SHAREHOLDER") AGGREGATING TO RS 6,400 LAKHS (THE "OFFER FOR SALE" AND TOGETHER WITH THE FRESH ISSUE, THE "ISSUE"). THE ISSUE SHALL CONSTITUTE 31.29% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
BID/ISSUE OPENED ON MARCH 27, 2012 AND CLOSED ON MARCH 29, 2012
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH. THE ISSUE PRICE IS RS 80 PER EQUITY SHARE AND IS EIGHT TIMES THE FACE VALUE OF THE EQUITY SHARE.
The Equity Shares of the Company are proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on April 12,2012.
Our Company is undertaking this Issue under Rule 19(2) (b) (i) of the Securities Contracts (Regulation) Rules, 1957 as amended ("SCRR") for more than 25% of the post-Issue capital through the Book Building Process wherein at least 50% of the Issue shall be Allotted on a proportionate basis to Qualified Institutional Buyers ("QIB"), provided that our Company may allocate up to 30% of the QIB Portion to Anchor Investors on a discretionary basis. 5% of the QIB Portion (excluding Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
The Issue received 6,962 applications for 54,746,560 equity shares resulting in 4.4240 times subscription. The details of the applications received in the issue from Retail Individual investor and Non-Institutional Investors are as under: (Before technical rejections)
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE Limited ("BSE") on April 09,2012.
A. Allotment to Retail Individual Investors (After Technical Rejections)
B. Allotment to Non Institutional Investors (After Technical Refections)
C. Allotment to QIBs
D. Allotment to Anchor Investors
The Board of Directors of the Company at it's Meeting held on April 10,2012, has allotted the shares based on the Basis of Allotment of equity shares approved by the designated Stock Exchange viz., BSE Limited ("BSE"), Mumbai, to various successful applicants.
The Allotment Advice-cum-Refund Orders and/ or notices have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The shares allotted to the successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:
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