IPO: MT Educare Limited

| March 26, 2012 | 5 Comments

MT Educare Limited, formed in 2006, is coming out with initial public offer (IPO) from March 27, 2012 to collect 35 Crore for funding new education centres.  MT Educare, an education coaching services provider for students in the secondary/higher secondary schools. They also provide coaching services for students pursuing graduation degree in commerce, for various competitive examinations and undertaking chartered accountancy examinations.
MT Educare has 1400+  faculty & staff and 188 centres in 110 locations. MT Educare has coaching services in Maharashtra, with primary operations with 138 Coaching Centres in Mumbai.  They have also started operations in New Delhi and Gurgaon under the brand ‘Study Mate’.

Issue Details:                                                                  

  • Issue Open: 27-Mar-2012
  • Issue Closes: 29-Mar-2012
  • Issue Size: Rs. 35.00 Crore
  • Face Value: Rs. 10 Per Equity Share
  • Issue Price: Rs. 74 – Rs. 80 Per Equity Share
  • Market Lot: 80 Share and in multiple of 80 shares thereafter. Maximum 31 lots by retail investors amounting Rs. 1,98,400/-
  • Listing At: BSE, NSE
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Category: Blog, IPO

  • Kavee

    Dark Horse ??????

    do you think

    • http://moneyvriksh.com/ MoneyVriksh.com

       May or may not! have not done the analysis.
      Though, general consensus does not share your view!

      • Kavee

        Should apply or not….???