MT Educare, the education based service provider’s initial public offer (IPO) was subscribed 4.64 times on the final day of issue. As per the data available with the NSE, total bid of 5,09,47,600 shares were received for the issue of 1,09,91,815 shares and 67,65,680 bids were received at the cut-off price.
MT Educare is looking forward to raise Rs 35 crore from capital market through initial public offering (IPO). The company has fixed the price band at Rs 74 - 80 per share which will be listed on both Bombay Stock Exchange and National Stock Exchange.
Enam Securities is the book running lead manager and Link Intime India is the registrar to the issue. The issue closes on March 29, 2012. It intends to utilize the issue proceeds towards part financing the cost of construction of a pre-university college campus (“PUC Campus”) in Mangalore, Karnataka and establishing new Coaching Centres at 20 locations.
MT Educare is the education support and coaching services provider was incorporated in August 2006 and was converted into a public limited company in May 2011. The company has presence in the state of Maharashtra, Tamil Nadu, Karnataka and Gujarat, through 188 Coaching Centres in 110 locations. It has strong foothold in the state of Maharashtra with primary operations in Mumbai with 142 Coaching Centres in 87 locations.
MT Educare presently education support and coaching services for the students in the secondary, higher secondary school and graduation degree in commerce, preparing for various competitive examinations and undertaking chartered accountancy examinations.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: