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MT Educare Limited IPO



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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.

Mahesh Tutorials is a venture of MT Educare - the institution reputed for going beyond just education, to offer students holistic development so that they succeed in academics as well as in life. Operating in Maharashtra, Gujarat, Karnataka and Tamil Nadu, MT Educare has serviced over 58300 students in the year 2010 - 11, has over 1400 faculty & staff and 188 centres in 110 locations. Driven by its corporate vision of "Global Reach in Education And Training” (GREAT), MT Educare has established itself as one of the leaders in education.

MT Educare aims to equip students with the confidence to succeed in their exams, through a structured program prepared by qualified faculty in the field. Their vast experience ensures the content is continuously upgraded and relevant. At MT Educare, technology and teaching techniques are coupled with personalised learning solutions, while academic guidance is supported with value education - all to ensure the holistic development of the students.
Mahesh Tutorials offers coaching for Std. IX & X - State Board, ICSE and CBSE Boards, Science coaching for Std. XI, XII, Engineering & Medical Entrance Test - CET, Commerce coaching for Std. XI till TYBCom, along with entrance test preps for CA - CPT, CS , CWA, and for professional CA (IPCC & Final) exams. MT Educare has also diversified into Pre-School and Day Care services through 'Global Champs'.
At the Centre of Excellence, the MT Educare faculty is mentored to achieve and maintain the standards of content delivery and teaching. The teachers learn the nuances of curriculum, Technology Aided Teaching and pedagogy.
All this, along with result-oriented teaching methodologies, comprehensive evaluation systems and a high rate of academic success, distinguishes MT Educare as one of the leaders in education.

Promoters of the company:

Mahesh R. Shetty

Issue Detail:

Issue Open: Mar 27, 2012 - Mar 29, 2012
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 35 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 74 - Rs. 80 Per Equity Share
Market Lot: 80 Shares
Minimum Order Quantity: 80 Shares
Listing At: BSE, NSE

IPO Subscription Detail / IPO Oversubscription Details / IPO Bidding Status as

Date Qualified Institutional Buyers (QIBs) Non Institutional Investors (NIIs) Retail Individual Investors (RIIs) Total
Shares Offered / Reserved  4,626,951  1,909,459  4,455,405 10,991,815
Mar 27, 2012 (Day-1) 0.00 3.60 0.06 0.64
Mar 28, 2012 (Day-2) 1.35 3.60 0.15 1.25
Mar 29, 2012 (Day-3) 6.01 8.00 2.17 4.80



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