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Open
27 Mar 2012
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Close
29 Mar 2012
3
Allotment
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Listing
Thu, Apr 12, 2012
Price Band
₹74 to ₹80
Issue Size
1,23,75,000 shares (agg. up to ₹99 Cr)
Lot Size
80 Shares
Listing Date
Thu, Apr 12, 2012
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.42x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tree House Education & Accessories Ltd. | Mainboard | ₹112.06 Cr | ₹135 | null | ₹117.60 | -12.89% | ₹6.08 (-4.08%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part financing the cost of construction of a PUC campus in Mangalore, Karnataka | 20.00 |
| 2 | Establishing new coaching centres at 20 locations | 5.00 |
| 3 | General corporate purposes | 6.33 |
About MT Educare IPO
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”).+ Read More
Contact Details
MT Educare Ltd. Address220, 2nd FloorPandit Din Dayal Upadhyay MargL.B.S.Cross Road, Mulund (West)Mumbai, Maharashtra, 400080(91 22) 2593 7700info@mteducare.comVisit Website