The MT Educare IPO is a book-built offering for Rs 99.00 crore. The offering consists fully of 0.8 crore shares for sale. Bidding for the MT Educare IPO began on March 27, 2012 and finished on March 29, 2012. On April 12, 2012, the shares were listed on the BSE and NSE. The MT Educare IPO pricing range is established at 74 to 80 cents per share. An application requires a minimum lot size of 80 shares. Retail investors must make a minimum investment of $6,400.
MT Educare Limited, founded in 2006, is a provider of education assistance and coaching services to students in secondary and higher secondary schools. They also offer coaching services to students pursuing a bachelor’s degree in commerce, preparing for numerous competitive examinations, and taking chartered accounting exams. In 2010–2011, MT Educare served over 58300 students, had over 1400 teachers and staff, and had 188 centers in 110 locations. As of May 15, 2011, MT Educare was one of the major coaching service companies in Maharashtra, with
headquarters in Mumbai and 138 coaching centers in 85 locations. Furthermore, under HT Learning Centres Limited ( HTLCL ), they have just begun operations at six locations in New Delhi and Gurgaon under the brand “Study Mate Powered by MT Educare.”
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 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 |
MT Educare IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,400 |
| Retail (Max) | 31 | 2480 | ₹198,400 |
MT Educare IPO Reservation
| 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%) |
Objects of the Issue (MT Educare IPO Objectives)
The object of the issue is to:
- art financing the cost of construction of a PUC campus in Karnataka, which includes the cost of acquisition of land;
- Establishing new Coaching Centres at 20 locations; and
- General corporate purposes.
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 |
MT Educare Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹80.00 | ₹80.00 |
| Open | ₹86.05 | ₹86.05 |
| Low | ₹86.05 | ₹86.05 |
| High | ₹90.35 | ₹90.35 |
| Last Trade | ₹90.35 | ₹90.35 |
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
MT Educare IPO FAQs
Q1. What is the MT Educare IPO?
Ans. MT Educare IPO is a main-board IPO of 4,375,000 equity shares with a face value of ₹10, aggregating up to ₹99.00 crore. 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.
Q2. When MT Educare IPO will open?
Ans. The MT Educare IPO opens on March 27, 2012 and closes on March 29, 2012.
Q3. What is the lot size of MT Educare IPO?
Ans. MT Educare IPO lot size is 80 shares, and the minimum amount required is ₹6,400.
Q4. When is MT Educare IPO listing date?
Ans. The MT Educare IPO listing date is on April 12, 2012.
