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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”).

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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.

MT Educare IPO Details

IPO Opening Date Mar 27, 2012
IPO Closing Date Mar 29, 2012
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹74 to ₹80 per equity share
Market Lot 80 Shares
Min Order Quantity 80 Shares
Listing At BSE, NSE
Issue Size4,375,000 Eq Shares of ₹10
(aggregating up to ₹99.00 Cr)
Offer for Sale8,000,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

MT Educare IPO Lot Size

The MT Educare IPO market lot size is 80 shares. A retail-individual investor can apply for up to 31 lots (2480 shares or ₹198,400).

Application Lots Shares Amount (Cut-off)
Minimum 1 80 ₹6,400
Maximum 31 2480 ₹198,400

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 Review

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 3/29/2012 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 Prospectus

MT Educare IPO Rating

98
3.3
Rating:Rated 3.3 stars
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MT Educare IPO Listing Date

Listing Date Thursday, April 12, 2012
BSE Script Code 534312
NSE Symbol MTEDUCARE
Listing In T Group of Securities
ISIN INE472M01018
IPO Price ₹80 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

MT Educare IPO Reviews / Ratings

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 equity share. The minimum order quantity is 80 Shares.

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

MT Educare IPO lot size is 80 Shares and the minimum order quantity is 80 Shares.

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, Edelweiss, 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 Thursday, April 12, 2012.

MT Educare IPO Message Board

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96 Comments

73. gundu anna |Apr 15, 2012 6:39:04 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
whether anybody recieved REC infrastructure bonds? I have not yet revcieved in my DEMAT.
72. sbb |Apr 15, 2012 11:06:01 AM
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
IPO Mentor IPO Mentor (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 |Apr 13, 2012 3:56:13 PM
Dear all,
i want to BSE Ltd Share Any prize tell me,,,,,,
69. Rahul ahuja |Apr 12, 2012 12:45:08 PM
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
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
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
Its not at all good. No movement in price :( No trading opportunities :(
66. ALOK BARANWAL |Apr 12, 2012 11:47:33 AM
WHEN THIS CIRCUIT WILL BE REMOVED
65. ALOK BARANWAL |Apr 12, 2012 11:46:45 AM
MR. AHUJA WHY THERE IS CIRCUIT AND WHEN IT WILL BE REMOVED
64. Rahul ahuja |Apr 12, 2012 11:09:47 AM
90.35 upper circut,stil dont sel single share,cheers
63. Rahul ahuja |Apr 12, 2012 10:46:17 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 |Apr 12, 2012 11:16:53 AM
Rahul ahuja,

Thank You Very Much for your timely information.
62. BULLS |Apr 11, 2012 10:02:27 PM
what is the latest GMP in JAIPUR AND IN AHMEDABAD?
61. BULLS |Apr 11, 2012 8:49:57 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 |Apr 11, 2012 4:22:33 PM
MT Educare to list shares on April 12
59. Rahul ahuja |Apr 11, 2012 12:01:04 PM
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
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
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
I WANT 2 SELL IN RS 6.
57. gundu anna |Apr 11, 2012 8:16:11 AM
IPO Mentor IPO Mentor (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 |Apr 10, 2012 11:24:57 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 |Apr 10, 2012 9:01:20 PM
In AHMEDABAD 4.5 RS SELLAR... BAD NEWS.
54. hbk |Apr 10, 2012 8:08:49 PM
Applied for 640 shares. Not allotted any shares. No refund also. What is the reason?