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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.
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 Size | 4,375,000 shares (aggregating up to ₹99.00 Cr) |
Offer for Sale | 8,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 35,172,872 |
Share holding post issue | 39,547,872 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 4,626,951 (42.09%) | NA |
NII (HNI) Shares Offered | 1,909,459 (17.37%) | |
Retail Shares Offered | 4,455,405 (40.53%) | 55,692 |
Total Shares Offered | 10,991,815 (100%) |
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 |
Mahesh R. Shetty, aged 46 years, is the Chairman and Managing Director of our Company.
Share Holding Pre Issue | 48.21% |
Share Holding Post Issue | 42.88% |
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�).
KPI | Values |
---|---|
ROCE | 13% |
RoNW | 13.6% |
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.
[Dilip Davda]
High Risk-Low Return - only risks aver investors can park modest fund for long term.
Read detail review...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)
Category | Subscription (times) |
---|---|
QIB | 6.01 |
NII | 8.00 |
Retail | 2.17 |
Total | 4.80 |
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
Listing Date | April 12, 2012 |
BSE Script Code | 534312 |
NSE Symbol | MTEDUCARE |
ISIN | INE472M01018 |
Final Issue Price | ₹80 per share |
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 |
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
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 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.
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