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MT Educare Limited IPO (MT Educare IPO) Detail

March 27, 2012 - March 29, 2012

MT Educare IPO is a book built issue of Rs 99.00 crores. The issue is entirely an offer for sale of 0.8 crore shares.

MT Educare IPO bidding started from March 27, 2012 and ended on March 29, 2012. The shares got listed on BSE, NSE on April 12, 2012.

MT Educare IPO price band is set at ₹74 to ₹80 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,400.

Axis Capital Limited is the book running lead manager of the MT Educare IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to MT Educare IPO RHP for detailed information.

MT Educare IPO Details

IPO Date March 27, 2012 to March 29, 2012
Listing Date April 12, 2012
Face Value ₹10 per share
Price Band ₹74 to ₹80 per share
Lot Size 80 Shares
Total Issue Size4,375,000 shares
(aggregating up to ₹99.00 Cr)
Offer for Sale8,000,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

MT Educare IPO Reservation

MT Educare IPO offers 10,991,815 shares. 4,626,951 (42.09%) to QIB, 1,909,459 (17.37%) to NII, 4,455,405 (40.53%) to RII. 55,692 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 2,560 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,626,951 (42.09%)NA
NII (HNI) Shares Offered1,909,459 (17.37%)
Retail Shares Offered4,455,405 (40.53%)55,692
Total Shares Offered10,991,815 (100%)

MT Educare IPO Lot Size

Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 80 ₹6,400
Retail (Max) 31 2480 ₹198,400
Lot Size Calculator

About MT Educare Limited

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�).

Objects of the Issue (MT Educare IPO Objectives)

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.

MT Educare IPO Review (Avoid)

[Dilip Davda]  

High Risk-Low Return - only risks aver investors can park modest fund for long term.

Read detail review...


MT Educare IPO Subscription Status (Bidding Detail)

The MT Educare IPO is subscribed 4.80 times on March 29, 2012 5:00:00 PM. The public issue subscribed 2.17 times in the retail category, 6.01 times in the QIB category, and 8.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB6.01
NII8.00
Retail2.17
Total4.80

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 Prospectus

MT Educare IPO Rating

98
3.3
Rating:Rated 3.3 stars
Vote Here ...

MT Educare IPO Listing Details

Listing Date April 12, 2012
BSE Script Code 534312
NSE Symbol MTEDUCARE
ISIN INE472M01018
Final Issue Price ₹80 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹80.00
₹86.05
₹86.05
₹90.35
₹90.35
NSE
₹80.00
₹86.05
₹86.05
₹90.35
₹90.35

Check IPO Performance…

MT Educare Limited Contact Details

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

MT Educare IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: mtel.ipo@linkintime.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

MT Educare IPO - Buy or Not

MT Educare IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

MT Educare IPO FAQs

MT Educare IPO is a main-board IPO of 4,375,000 equity shares of the face value of ₹10 aggregating up to ₹99.00 Crores. The issue is priced at ₹74 to ₹80 per share. The minimum order quantity is 80 Shares.

The IPO opens on March 27, 2012, and closes on March 29, 2012.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The MT Educare IPO opens on March 27, 2012 and closes on March 29, 2012.

MT Educare IPO lot size is 80 Shares, and the minimum amount required is ₹6,400.

You can apply in MT Educare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for MT Educare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MT Educare IPO allotment status.

The MT Educare IPO listing date is on April 12, 2012.
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MT Educare IPO Message Board

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96 Comments

73. gundu anna |   Link |  Bookmark |April 15, 2012 5:39:04 PM (500+ Posts, 100+ Likes)
whether anybody recieved REC infrastructure bonds? I have not yet revcieved in my DEMAT.
72. sbb |   Link |  Bookmark |April 15, 2012 10:06:01 AM
PLS INFORM ANY ONE GOT BROKERAGE OF NHAI, HUDCO & IRFC TAXFREE BOND & IF YES WHAT RATE
71. gundu anna |   Link |  Bookmark |April 14, 2012 8:30:42 PM (500+ Posts, 100+ Likes)
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 |   Link |  Bookmark |April 13, 2012 2:56:13 PM
Dear all,
i want to BSE Ltd Share Any prize tell me,,,,,,
69. Rahul ahuja |   Link |  Bookmark |April 12, 2012 11:45:08 AM
ny body knw how much comission was there in mt 2 lac applicaton,ny body rep
68. Rahul ahuja |   Link |  Bookmark |April 12, 2012 11:17:10 AM
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 |   Link |  Bookmark |April 12, 2012 11:14:53 AM
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 |   Link |  Bookmark |April 12, 2012 11:46:41 AM
Its not at all good. No movement in price :( No trading opportunities :(
66. ALOK BARANWAL |   Link |  Bookmark |April 12, 2012 10:47:33 AM
WHEN THIS CIRCUIT WILL BE REMOVED
65. ALOK BARANWAL |   Link |  Bookmark |April 12, 2012 10:46:45 AM
MR. AHUJA WHY THERE IS CIRCUIT AND WHEN IT WILL BE REMOVED
64. Rahul ahuja |   Link |  Bookmark |April 12, 2012 10:09:47 AM
90.35 upper circut,stil dont sel single share,cheers
63. Rahul ahuja |   Link |  Bookmark |April 12, 2012 9:46:17 AM
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 |   Link |  Bookmark |April 12, 2012 10:16:53 AM
Rahul ahuja,

Thank You Very Much for your timely information.
62. BULLS |   Link |  Bookmark |April 11, 2012 9:02:27 PM
what is the latest GMP in JAIPUR AND IN AHMEDABAD?
61. BULLS |   Link |  Bookmark |April 11, 2012 7:49:57 PM
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 |   Link |  Bookmark |April 11, 2012 3:22:33 PM
MT Educare to list shares on April 12
59. Rahul ahuja |   Link |  Bookmark |April 11, 2012 11:01:04 AM
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 |   Link |  Bookmark |April 11, 2012 11:08:17 AM
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 |   Link |  Bookmark |April 11, 2012 9:28:07 AM
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 |   Link |  Bookmark |April 11, 2012 10:20:28 AM
I WANT 2 SELL IN RS 6.
57. gundu anna |   Link |  Bookmark |April 11, 2012 7:16:11 AM (500+ Posts, 100+ Likes)
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 |   Link |  Bookmark |April 10, 2012 10:24:57 PM
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 |   Link |  Bookmark |April 10, 2012 8:01:20 PM
In AHMEDABAD 4.5 RS SELLAR... BAD NEWS.
54. hbk |   Link |  Bookmark |April 10, 2012 7:08:49 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Applied for 640 shares. Not allotted any shares. No refund also. What is the reason?